July 16, 2018 | 0 comments

Based on the blockchain, the Hong Kong stock exchange will start in September

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"The Trade Finance platform is a blockchain project initiated by 7 banks in Hong Kong. The project was supported by the Hong Kong Monetary Authority (HKMA, the central bank of China's autonomous territory) and is due to be launched by September 2018," CoinDesk informed.

21 nodes

According to the Financial Times report, the HKMA blockchain platform will be based on 21 banks participating as nodes, including HSBC and Standard Chartered. The project was publicly available from the beginning of 2017, when reports indicated that HKMA conducted tests to ensure transparency in the provision of data in financial institutions with participants such as Bank of China, Bank of East Asia, Hang Seng Bank, HSBC and Standard Chartered Bank, with Deloitte consultancy as a project moderator.

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