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Never seen ! Blockchain, used so far for transactions in virtual currencies like bitcoin, has become a safe way for banking transactions. On May 14, 2018, two major banks (HBSC and ING) announced that they had successfully used this technology to pay for a soya order shipped from Argentina to Malaysia.
A letter of credit, a document proving a payment commitment underwritten by the bank of a buyer for the benefit of the seller was issued using the Corda platform of the US startup R3. Thanks to blockchain, the operation that required no less than 5 days of work was finalized in 24 hours.
