HSBC, Hong Kong and Shanghai Bank are in the process of launching real-time exchange and trading services using block-chain technology.
This project, which was announced in late 2015, is designed to maximize financial system efficiency while improving market monitoring capabilities.
Joshua Kroeker, spokesperson for Shanghai Bank of Hong Kong, said the block and chain-based services are ready for the market as a result of two years of development and troubleshooting. A spokesman, Crocker, is preparing to run the pilot and said it will be introduced in real transactions by 2019.
Currently, there is a block-chained wind in the financial industry other than Hong Kong Shanghai Bank.
Recently, the Central Bank of Taiwan has said it is exploring ways to introduce block chains into payment technology. Last year, 15 banks in India created a consortium to review the introduction of block chains. In addition, Korea, Japan, South America and other places have been accelerating building block-chain-based financial systems.