HSBC Bangladesh executed a #Blockchain-based Letter of Credit(LoC)transaction reducing wait time from 5-10 days to 24 hours

Fuel oil LCs are highly time-sensitive where every second counts and #blockchaintechnology help to manage time efficiently @FT✌

🇧🇩 The Bangladeshi government now acknowledges the benefits of the #Blockchain. By introducing swiftness, transparency,Cost Reduction
and speed, the digitization of commercial processes helps accelerates business activity in the country @HSBC #AKB @YahooFinance #LoC