HSBC Completes First Blockchain Letter of Credit Transaction between Korea and Vietnam

On July 24th, HSBC said on Monday that its first blockchain-based real-time letter of credit (LC) transaction between South Korea and Vietnam has been successfully completed. According to HSBC, the deal was completed through the HSBC blockchain platform Voltron, which involved the delivery of raw materials from the Korean company INEOS Styrolution Korea to the Vietnamese company Duy Tan Plastics.