Banks Ink Blockchain Trade Finance Transaction with Food Giant Cargill

Coindesk ------ Banking and financial services giants HSBC and ING have completed a trade finance transaction for agri-food trading company Cargill using a single blockchain system. Claimed as a world first, Reuters reports, the live commercial trade finance transaction saw an export of a shipment of soybeans from Argentina to Malaysia, during which Cargill Geneva sold the goods on behalf of its Argentine arm team and Cargill Singapore received them on behalf of the Malaysian arm of the firm. To learn more click on the picture below to read the article.