PingWest Play reported on May 16 that according to Reuters News, HSBC Holdings said on Monday it has completed the world's first financing trade by using blockchain technology.HSBC cooperates with ING and successfully uses blockchain technology to issue a L/C for food and agriculture Industry giant Cargill.L/C are one of the most widely used ways to reduce the risk between importers and exporters, but this process will generate a lot of paperwork and take five to ten days to exchange documents.The use of blockchain technology in the banking industry is expected to reduce the risk of fraud in L/C and other transactions and to simplify the trading process.