HSBC International Bank announced that users would be able to track their assets in real-time using the custodial blockchain platform Digital Vault.
Getting records from paper can be “complicated and time-consuming,” however, in March next year, the data that is now stored in paper form will be transferred to the Digital Vault blockchain platform.
At the moment, HSBC manages client assets for $50 billion. However, only 40% of the records will be transferred to the blockchain platform. Bank representatives noted:
“Currently, we can not quantify the amount that could be saved for the bank or its clients.”
An independent consultant, Windsor Holden, believes that some savings will be noticeable only by the end of 2021. In his opinion, the effectiveness of the blockchain becomes noticeable only a year and a half after the launch of the project.
Let us recall that in early September, HSBC announced the completion of the first transaction of a letter of credit in RMB on the Voltron blockchain platform.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin, contrary to our forecast, grew to the resistance level of $7,670. Then it went down for a technical correction. Now, the price of bitcoin is $7,480. More than likely, bitcoin will try to continue the growth. The nearest resistance levels are $7,600, $7,800, $7,900. The nearest support levels are $7,400, $7,160, $6,800, $6,500.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum grew to the resistance level of $155. After dropping to the support level of $155, it went down for a technical correction. Now, the price of ethereum is $152. More than likely, ethereum will try to continue the growth. The nearest resistance levels are $155, $157, $162. The nearest support levels are $150, $145, $141, $139, $137, $132.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple grew to the resistance level of $0.23. After reaching the resistance level of $0.23, it went down for a technical correction. Now, the price of ripple is $0.2260. We expect the continuation of the uptrend. The nearest resistance levels are $0.2320, $0.2380. The nearest support levels are $0.2240, $0.2180, $0.2130, $0.2040, $0.20.
