# Watch: HSBC and ING Complete Blockchain Trade Finance with Cargill

Published 2018-05-15 · Updated 2026-03-12 · Food & Beverage on MarketScale
Canonical: https://www.marketscale.com/industries/food-beverage/watch-hsbc-ing-complete-blockchain-trade-finance-cargill

> Banking and financial services HSBC and ING have completed a trade finance transaction for agri-food trading company Cargill. The transaction was completed using a single blockchain system. It was a push to boost efficiency in the multi-trillion-dollar funding of international trade. The Cargill transaction marked the first use of a single, shared digital application rather…

Banking and financial services HSBC and ING have completed a trade finance transaction for agri-food trading company Cargill. The transaction was completed using a single blockchain system. It was a push to boost efficiency in the multi-trillion-dollar funding of international trade.

The Cargill transaction marked the first use of a single, shared digital application rather than multiple systems, according to HSBC. The blockchain application used is supported by 12 banks, which could help broaden the tech into more markets. Back in February, HSBC announced plans in to launch several pilot programs based on existing proof-of-concept (PoC) projects.

---
Source: MarketScale, https://www.marketscale.com/industries/food-beverage/watch-hsbc-ing-complete-blockchain-trade-finance-cargill. Published for AI indexing and citation; cite the canonical URL. Site guide for agents: https://www.marketscale.com/llms.txt