/biz/ - Business & Finance

So I saw this image: https://cdn-images-1.medium.com/max/2000/0*dJKXurwpswdrf40T..

I noticed that link has already announced a partnership with SWIFT and seem to be working with Salesforce

I decided to look at the other ones and I typed in HSBC first and this popped up: https://www.coindesk.com/uk-bank-hsbc-might-soon-pilot-live-blockchain-payments/

"Many of HSBC's clients have begun the process of digitizing their operations, but letters of credit is one area where most have difficulty, he said."

let·ter of cred·it (noun): a letter issued by a bank to another bank (typically in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

> a guarantee for payments made to a specified person under specified conditions.
THAT'S A SMART CONTRACT
>THAT'S LITERALLY THE DEFINITION OF A SMART CONTRACT

2.374 trillion USD in assets: https://www.statista.com/statistics/224808/total-assets-of-the-hsbc/

Pure speculation, but...
"Price Singularity" wouldn't be an apt description.