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China’s non-crypto blockchain onboards Hong Kong Banks, the Ethereum Merge Aftershocks

The open-source, non-crypto based Spartan blockchain network of China has recently onboarded several banks from Hong Kong. A press release shared with the media and reports from CoinDesk reveal that more than 10 banks have been onboarded, including HSBC, Maxim and Emperor Group. The Spartan blockchain does not employ cryptocurrencies. This is considered to be…

IBM and HSBC develop successful multi-ledger CBDC demo

IBM and HSBC, on Thursday, declared the successful test of an up-to-date token and digital wallet settlement between 2 CBDCs (central bank digital currencies) in a cloud environment. The experiment included transactions between eBonds, CBDCs and forex. Hyperledger Fabric and enterprise technology provider of IBM, R3’s Corda acted as the base of the distributed ledger…

Tata Steel accomplishes blockchain-enabled trade between Bangladesh and India

Tata Steel has accomplished a blockchain-enabled paperless export order with Bangladesh’s metal major. This is the first such transaction accomplished between a counterparty in Bangladesh and an India-based firm. Primarily, Tata Steel, in a global first for the steel industry, had utilized a blockchain platform launched by HSBC to accomplish a trade finance deal with…