We keep this Policy under regular review. HSBC has used the blockchain - based platform we.trade to complete a trade transaction for the first time . The bank , which is one of 12 shareholders in we.trade , used the platform to complete the transaction as part of the second round of a pilot project funded by the consortium , in June . The distributed ledger technology ( DLT ) platform is designed to manage , track and facilitate open account trade transactions between SMEs across Europe .
HSBC has used the blockchain - based platform we.trade to complete a trade transaction for the first time . The bank , which is one of 12 shareholders in we.trade , used the platform to complete the transaction as part of the second round of a pilot project funded by the consortium , in June . The distributed ledger technology ( DLT ) platform is designed to manage , track and facilitate open account trade transactions between SMEs across Europe .