HSBC will run a few pilot programmes on the blockchain

Banking Corporation Hong Kong and Shanghai (HSBC), one of the largest financial conglomerates in the near future intends to launch several pilot programs based on the technology of the blockchain, in which users can make direct transaction.

Employees of HSBC about two years active work on introduction of technology of the blockchain, and their testing in the field of Finance using letters of credit specialists of the company announced in 2016.

«This technique has passed a long test and now we do not doubt its reliability and ability to scale,» said senior Manager of innovation at HSBC, Joshua Crocker (Joshua Kroeker).

For testing pilot programs HSBC actively involves customers and if the experiment succeeds, the next step is a full transition to the blockchain, in which users will be able to conduct direct transactions.

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