News Snapshot:
HSBC, a leading British multinational investment bank and financial services holding company, and Wave, a blockchain-based digital courier platform, have facilitated a blockchain trade transaction for the shipment of milk powder from New Zealand dairy processor Fonterra to China’s Sichuan New Hope Trading. Cryptographic Lading Bills HSBC gave banking services on both ends, while Wave provided the underlying blockchain technology. Specifically, the milk powder shipment carrier issued Fonterra a cryptographically signed electronic bill of lading through Wave’s platform. As per the announcement: “Fonterra added additional trade documents and presented the digital ‘envelope’ to HSBC New Zealand, which in turn verified...
