HSBC Performed Its Initial Blockchain based Transaction

A large bank based in UK, HSBC has become the first to complete the transaction on bank-led blockchain transaction, in the European Union. It has allowed the parties in creating and accepting a purchase order online and enable the buyer to get a Bank Payment Undertaking (BPU) from in minimal time as fast as 24 hours as compared to the normal transaction which takes 10-12 days.

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