Transparency and instantaneity are the main strengths of blockchain technology, an HSBC executive claimed in an interview with French business and tech journal L'Usine Digitale, Feb. 4.

Béatrice Collot, Head of Global Trade and Receivable Finance at multinational banking giant HSBC, described the role of emerging technologies, such as artificial intelligence (AI), the Internet of Things (IoT) and blockchain, in trade finance. She made her comments in the context of the upcoming IN Banque conference in Paris this week.

According to Collot, blockchain is poised to transform global trade finance by bringing together all stakeholders and allowing information to be shared in a more transparent way.