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Digital Digest: The Latest Tech News – HSBC, Singapore, Blockchain
Editorial Staff
5 January 2024
HSBC Highlighting this blockchain-driven transaction is an example of how banks and financial firms are increasingly using distributed ledger technology to handle their business.
HSBC in Singapore has held a “successful pilot” of the first blockchain-based solution for property developers making payments to suppliers and vendors of major real estate projects.
The pilot transaction was implemented by Property Enterprises Development, a joint developer of projects such as One Raffles Quay and Marina Bay Financial Centre, and a member of CK Asset Group, a large developer in Hong Kong, said in a recent statement.