HSBC Malaysia Bank Sends First LC Transaction Using Blockchain

HSBC has enacted the countries’ first blockchain transaction with the execution of credit deal letters involved in the importation of resins from Singapore. It marks an excellent step for the Malaysian companies in the digitalization of trade. The Undertakings Involved A Malaysian company, Simply Packaging Sdn Bhd, got into a transaction with a company in Singapore, both companies…

Seagate Moving Forward with Blockchain Pilot to Track Hard Drives

American tech giant Seagate has entered the pilot stage of its blockchain project designed to fight counterfeit hard disk drives (HDD), Forbes reported on July 30. This pilot is a part of the joint initiative Seagate and IBM launched last November. The project aims to help manufacturers, integrators and business partners to better authenticate the provenance of HDDs by using IBM’s Blockchain Platform.…