HSBC has recently become the first financial institution to move Corda Enterprise onto Google Cloud, and thus, promising to reduce client onboarding times and costs.
Indeed, the bank uses Corda for its blockchain platform, Digital Vault. It helps digitalize transaction records of private placement assets. The bank has decided to move its blockchain platform to Google Cloud in order to be able to move more of the ‘transaction lifecycle’ onto the ledger in the future.
Hence, this shows HSBC’s commitment to blockchain and cloud technologies and its will to prepare for the future of banking with speed, scale, and security,
