HSBC launches digital accounts receivable tool using blockchain technology

According to Verdict's June 18 report, HSBC will launch a Digital Receivables Tool (DART) that uses token technology from blockchain startup Identitii. It is reported that HSBC will deploy DART tools for its corporate customers in India. In addition, HSBC plans to launch the tool in new markets in Asia to support its corporate customers, providing a secure digital information exchange channel and an ecosystem that connects sellers and buyers.