British bank HSBC said Sunday it has completed what it says is the world’s first commercially viable trade-finance transaction using blockchain, according to the Financial Times.

HSBC said the blockchain trade, which processed a letter of credit for U.S. food and agricultural group Cargill, had shown the platform is ready to be commercially adopted across the industry. The transaction involved a shipment of soybeans from Argentina to Malaysia last week. HSBC used the Corda blockchain platform developed by technology consortium R3. Read more here.

ThirtyK Staff
If you would like to contact the ThirtyK News Brief team, please email us at contact@thirtyk.com.