HSBC to Move $20 Billion in Assets onto a Blockchain in 2020

HSBC to Move $20 Billion in Assets onto a Blockchain in 2020

A lot of banks and financial institutions have invested in research and development of blockchain technology, a distributed ledger technology (DLT) that enables nearly real-time processing and full transparency. Some of the household bank names already use DLT in its daily operations. Banco Santander offers RippleNet powered money transfer service to its clients.