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Brazil and Hong Kong Pilot Blockchain Trade Settlement with Chainlink

Brazil & HK Pilot Settlement with $LINK

Written by Dario Cesaro
Updated over 4 months ago

Brazil and Hong Kong have successfully completed a pilot program for cross-border trade settlement utilizing blockchain technology and Chainlink's interoperability solutions. This initiative, part of Brazil's Drex digital currency project and Hong Kong's Project Ensemble, demonstrated the potential for distributed ledger technology to streamline international commerce by enabling real-time, automated transactions between the two financial systems.

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