HSBC claims to have made the first transaction using 'blockchain'

HSBC has successfully completed a successful transaction

HSBC (NYSE: HSBC) today announced that it has conducted the first financial transaction using blockchain technology, a significant step in increasing efficiency and reducing errors in conducting international transactions - as well as reducing the risk of fraud in the banking industry. According to the forward in a statement the bank successfully completed, along with the Dutch bank ING, a transaction for the agricultural group Cargill.

Bahrain plans to use blockchain to reduce data storage costs

The Bahrain General Directorate of Transit has announced a plan for the development of a vehicle registration system based on blockchain technology - and is now seeking a technical partner for the design and implementation of the same. The new registration "will be a vital breakthrough in reducing the overall cost of maintaining vehicle information, providing greater efficiency ... and a greater level of transparency," the statement said in a statement.

Big banks invest in blockchain and criptomoedas

Steve Chiavarone, portfolio manager at Federated Investors, a company that oversees $ 364 billion in assets, said big banks have started investing significantly in the crypto-coins and blockchain technology. "We believe that blockchain will be one of five key technologies beyond automation, robotics, Artificial Intelligence and Internet of Things," Chiavarone told CNBC.

South Korea's financial regulator joined the investigation around the Upbit

The Financial Oversight Service, South Korea's top financial regulator, has joined ongoing research around the country's largest crypto currency exchange platform, according to the Korea Times. The regulator will assist the Financial Intelligence Services Unit and the Financial Services Commission in assessing Upbit's balance sheet and compliance with anti-money laundering standards and other fraud prevention measures.

LG launched service based on blockchain A

LG CNS, a subsidiary of electronics giant LG (NYSE: LPL), recently launched a blockchain-based service, according to Yonhap news agency. The platform, nicknamed "Monachain", was designed to allow management and logistics in the area of ​​finance, production and communication. According to the report, Monachain allows a new type of user authentication system that can be used for personal identification and online payments through smart devices.

Cryptomanced regulation entered into force in Thailand

The Royal Decree to regulate transactions related to digital assets came into effect yesterday, according to The Bangkok Post. All crypto-currency sellers in the country are now required to register with the Thai Securities and Exchange Commission. According to the Thai Finance Minister, the decree "is not intended to prohibit Crypto-Coins, Initial Money Offers (ICOs) or other related transactions, but to protect investors".

Source: https://pt-br.insider.pro