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No man is an island, or so the saying goes. The same is true of blockchain as a bank and a corporate get their distributed ledgers to talk to each other
Trade finance may take a beating in light of more stringent enforcement around trade embargoes by US authorities. Corporate treasurers would do well to keep a close eye on the developments.
The HSBC-led transaction shows blockchain technology is making inroads into trade finance, but will it have scalability beyond singe deals?