The international financial corporations HSBC and Standard Chartered have announced the launch of a blockchain platform to finance trade. Officially, the eTrade Connect online platform was introduced in Hong Kong on October 31, 10 more banks became partners of HSBC and Standard Chartered for the development of the site.

The main goal of eTrade Connect is to optimize workflows. Its functionality includes the digitization of documents and the automation of some intermediate operations, due to which the cooperation of the parties becomes more efficient and they receive the necessary funding more quickly.

In addition, eTrade Connect will eliminate the risk of counterfeiting credit and other important documents.

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