UK Bank HSBC to Test Blockchain Payments

International banking giant HSBC is close to testing live trade finance blockchain transactions with clients  
01 March 2018   617

According to reports, the bank is going to launch several pilot programs based on existing proof-of-concept (PoC) projects in order to begin transitioning to live blockchain transactions. It was announced during a private media call earlier this week.

Joshua Kroeker, HSBC senior innovation manager stated that the launch would mark the fruition of trials conducted over the course of two years. It will include one of the announced in August 2016 that tests the use of a blockchain in replicating letters of credit.

Currently, the main goal is to develop trust between two or more entities by creating a system to authenticate data.

Going from that PoC in 2016, we're at the tipping point of getting our customers involved in live transactions in the coming weeks and months. The technology has come a long way, we're much more comfortable with its security and scalability.

Joshua Kroeker

HSBC Senior Innovation Manager

PoC is one of the first the bank is going to pilot. At the moment, the bank is involving its customers in the programs.

The bank’s plan is to launch a live network in early 2019.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   46

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.