汇丰银行印度公司完成印度首笔区块链贸易融资交易
```json { "translatedTitle": "HSBC India Completes India's First Blockchain Trade Finance Transaction", "translatedContent": "[This article was updated on November 6, 2018 on tuoniaox.com]\n\nAccording to Indian business newspaper The Hindu Business Line's report on November 4, HSBC's Indian subsidiary and Indian conglomerate Reliance Industries Limited (RIL) completed a blockchain trade finance transaction.\n\nAccording to reports, this blockchain Letter of Credit (LoC) transaction was India's first such transaction, involving RIL's export business to US client Tricon Energy, a process that significantly reduced document processing time and costs. The Hindu Business Line noted that this new system significantly improved global export market interactions by bringing all parties together on one platform.\n\nAccording to reports, this transaction solution was implemented by integrating blockchain with an electronic Bill of Lading (eBL) platform called Bolero. The Bolero eBL system was first introduced in November 2016, enabling the issuance and management of electronic bills of lading and allowing the transfer of goods ownership from seller to buyer in transactions.\n\nRIL's Joint Chief Financial Officer Srikanth Venkatachari stated that this new blockchain deployment shows tremendous potential for managing export documents, reducing time \"from the current 7-10 days to less than one day\".\n\nEarlier this week, several major global banks, including UK's HSBC, France's BNP Paribas, and Standard Chartered, launched a blockchain platform to address international trade financing issues. According to reports, this platform called eTrade Connect can reduce the time for approving trade loan applications from 36 hours to 4 hours.\n\nIn May this year, international daily Financial Times reported that HSBC completed the first blockchain-based global trade finance transaction. The transaction involved a LoC for US food and agricultural conglomerate Cargill.\n\nSource: 8btc (ID: 8btc.com)\n\n---\ntuoniaox.com has been authorized by the editor-in-chief to migrate all content to hashspring.com, and will continue to publish content on hashspring.com going forward." } ```
```json
{
"translatedTitle": "HSBC India Completes India's First Blockchain Trade Finance Transaction",
"translatedContent": "[This article was updated on November 6, 2018 on tuoniaox.com]\n\nAccording to Indian business newspaper The Hindu Business Line's report on November 4, HSBC's Indian subsidiary and Indian conglomerate Reliance Industries Limited (RIL) completed a blockchain trade finance transaction.\n\nAccording to reports, this blockchain Letter of Credit (LoC) transaction was India's first such transaction, involving RIL's export business to US client Tricon Energy, a process that significantly reduced document processing time and costs. The Hindu Business Line noted that this new system significantly improved global export market interactions by bringing all parties together on one platform.\n\nAccording to reports, this transaction solution was implemented by integrating blockchain with an electronic Bill of Lading (eBL) platform called Bolero. The Bolero eBL system was first introduced in November 2016, enabling the issuance and management of electronic bills of lading and allowing the transfer of goods ownership from seller to buyer in transactions.\n\nRIL's Joint Chief Financial Officer Srikanth Venkatachari stated that this new blockchain deployment shows tremendous potential for managing export documents, reducing time \"from the current 7-10 days to less than one day\".\n\nEarlier this week, several major global banks, including UK's HSBC, France's BNP Paribas, and Standard Chartered, launched a blockchain platform to address international trade financing issues. According to reports, this platform called eTrade Connect can reduce the time for approving trade loan applications from 36 hours to 4 hours.\n\nIn May this year, international daily Financial Times reported that HSBC completed the first blockchain-based global trade finance transaction. The transaction involved a LoC for US food and agricultural conglomerate Cargill.\n\nSource: 8btc (ID: 8btc.com)\n\n---\ntuoniaox.com has been authorized by the editor-in-chief to migrate all content to hashspring.com, and will continue to publish content on hashspring.com going forward."
}
```