01/12/19 01:14 UTC-5

HSBC financial conglomerate plans to transfer $20 billion to the blockchain platform

OtherHSBC plans to transfer $20 billion to the blockchain platform
HSBC plans to transfer $20 billion to the blockchain platform

Assets in the amount of $20 billion, a giant UK bank, HSBC, plans to save by transferring money to the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details


In integrity and safety

Digital Vault, a flexible scalable cloud blockchain storage platform for data storage, will become the haven for the $20 billion investment bank – HSBC. Using the platform, a money conglomerate, aims to tokenize securities and other assets of private equity placements in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
to increase their number and speed up processes. Cryptocurrency news reports that HSBC expects the results of an increase in private placements to $7.7 trillion by 2022.

Private placements of capital are standardly documented, so this process can be complex and time consuming. In turn, blockchain technology is able to solve these problems, saving the time necessary for investors.

Interesting in the section: Data keepers: quantum computers versus blockchain

See also: "The Swiss Federal Council called for improving the regulatory framework for the blockchain"

#bank #GreatBritain #HSBC #finance #markets #blockchain #DigitalVault #IPO

Editor: Alyona Deryabina