HSBC does India's 1st overseas blockchain payment for Reliance
British bank HSBC has executed India's first overseas financial transaction using blockchain by making a payment for Mukesh Ambani-led Reliance Industries in an export deal involving an American client. The blockchain-enabled transaction was for a shipment from Reliance Industries to US-based Tricon Energy. Blockchain refers to a distributed database that maintains a continuously-growing list of ordered records called blocks.