May 17, 2018 at 17:55 // News

Coin Idol Author

Coinidol.com broadcasting video digest. News on May 17: FedEx Calls to Adopt Blockchain Technology, HSBC Performed the First Transaction via Blockchain Blockchain enters Poland’s financial market

Frederick Smith, Chairman and Chief Executive Officer of logistics giant Fed Ex, is more zealous on his commitment to clasping blockchain technology as one major way for the long-existing company to maintain its position in a vigorously changing digital world.



According to him, “what block chain has is a potential for the first time ever to make the information available for everybody." Moreover, Smith said that companies “not willing to embrace new technologies like internet of things and blockchain at some point...going to extinction."



One of the largest financial services companies, HSBC Holdings, reported that it had conducted the world’s first finance operation using block chain technology. The financial technology is expected to improve the efficiency of financing international trade significantly. London-based financial market giant HSBC gave a letter of credit to ING, a Dutch financial services and banking corporation.



Blockchain enters Poland’s financial market

Billion and the Polish Credit Office have decided to apply the new financial technology to storing data. The largest credit bureau in CEE is going to implement Billion blockchain technology in order to store customer personal information. The agreement makes Poland the first country in the world handling banking records on the blockchain.