Blockchain technology resolves many issues surround information asymmetry in trade finance: PBOC

China is increadingly positioning blockchain technology as a foundational fintech platform. On Thursday, in a statement, the Shanghai headquarters of the People’s Bank of China (PBOC) stated the usage of blockchain technology solves many of the issue revolving around information asymmetry in trade finance and the core problem of providing proof of trade authenticity. Its…

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Nvidia courts Amazon.com and VMWare with new AI-focused software

Nvidia’s vComputeServer software will help shuffle data back and forth between data centers and the cloud. In an effort which sees chipmaker Nvidia Corp increasing its footprint in the cloud computing space, it stated has begun collaborating with Amazon.com Inc’s cloud division as well as with VMWare Inc to host artificial intelligence programs in Amazon’s…

HSBC Holdings Plc backs Hong Kong-based tech startup Serai

Serai aims to be the LinkedIn for global trade which links manufacturers to component suppliers. In a significant development, HSBC Holdings Plc is backing the launch of Serai, a Hong Kong-based technology startup that aims to “connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push”.…