Brazil & Hong Kong Pilot Cross-Border Trade Using Chainlink’s Blockchain Technology

A groundbreaking pilot utilizing blockchain technology has been launched by Banco Inter, a leading digital bank in Brazil, in collaboration with the Central Bank of Brazil and the Hong Kong Monetary Authority (HKMA). The experiment aims to simplify international trade finance settlements by leveraging a distributed ledger system. This project serves as an important step forward in the development of cross-border commerce via blockchain, specifically through the use of Chainlink’s interoperability infrastructure for connecting two independent networks: Brazil’s Drex blockchain and Hong Kong’s Ensemble platform.