Investment bank HSBC Holdings is using a blockchain distributed ledger technology (DLT) to digitize transaction records of private investments, enabling clients globally to access the details of their assets online in near real-time.
The London-based company, the seventh largest bank in the world, plans to move $20 billion in assets that include equity, debt and real estate onto its new Digital Vault blockchain, a shift away from its current use of paper records to respond to client search requests.
"The Digital Vault is live in Asia and will be rolled out in the U.S. and Europe in the first quarter of 2020," an HSBC spokesperson said via email.
from Computerworld https://ift.tt/34WgaRd
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