March 28, 2024

Bank of America, HSBC Open Blockchain Project, Conceptual Verification Study of Financial Industry from Theory to Practice

According to foreign media reports, Bank of America and HSBC announced that they will cooperate with the Singapore government’s IT and telecommunications organizations to study the blockchain projects that are used in trade finance.

Concept verification is currently the mainstream research project of blockchain technology in the field of financial securities trading, because the current trust is based on paper documents issued by banks and certified, and how to establish trust between participants through distributed ledgers It can improve the security and efficiency of verification.

Therefore, in order to simplify the process of copying L/C transactions between banks, exporters and importers, Bank of America, HSBC and IDA stated that they have jointly built a block based on the Hyperledger protocol. Chain application.

According to the "International Business Times" report, the concept validation mechanism includes seven steps, showing how the distributed ledger system is used for data validation. Vive Ramachandran, head of global products for HSBC’s trade finance business, said:

Many people are talking about the theory of blockchain, but this is the first time we have discovered that blockchain technology can solve the challenges consumers face in real life.

Indoor Rental Die-Cast 500x500

Indoor Led Panel Display improved competitive price with perfect effect and high quality. The Led Display Panel Die Casting Aluminum Cabinet size is 500x500mm and 1000x500mm for Indoor Usage, Best resolution for Rental Indoor Led Screen Panels P2.604mm P2.976mm P3.91mm P4.81mm, Rental Led Display Screen Panels to achieve uniform brightness and driving chip of high consistency and pixel brightness consistency.

Light and slim seamless connection design die-casting aluminum cabinet, it`s only 90mm in thickness which can achieve better wall mounted effect The cabinet is light, it`s only 28kg/sqm which is labor saving.

1) Stronger protection: LED chips are welded on the PCB board directly, then do encapsulation. It has excellent protection capabilities.
2) Higher reliability and stability: simpler process on material using and producing than SMD, so it has higher performance on heat dissipation to prolong life span.
3) Larger viewing angle: has larger viewing angle and is easy to control the loss of light refraction.

Easy Installation: magnesium alloy cabinet design and fast lock make the installation, transportation, maintenance easier
Lightweight: only 30kgs, saving workforce and transportation cost
High Waterproof Level: IP65 for rear and back side, fit for naked installation without decoration.

Adopt dual service of black kingkong series among core techniques, free back service path for all kinds of installation surroundings.Broadcast level color scale, color temperature and brightness adjustable intelligentizedly, smooth color, high color ratio, nature pictures.

We Jongsun LED is specialized manufacturer from Shenzhen China, which focusing on the research and development, production, sales and engineering services of terminal LED Displays. We have the perfectly after-sales and 7x24hours technical support. Looking forward your cooperation!


Led Panel Display, Led Display Panel, Led Screen Panels, Led Display Panels

Shenzhen Jongsun Electronic Technology Co., Ltd. , https://www.jongsunled.com