HSBC and BNP Paribas join the privacy blockchain network Canton

ChainCatcher news, HSBC and BNP Paribas have announced their joining of the Canton Network, a permissioned, privacy-centric blockchain favored by banks and large financial institutions. Previously, Goldman Sachs and Moody's joined in March this year.

The Canton Network currently employs a permissioned blockchain and is equipped with a "Global Synchronizer," allowing transactions and settlements across different networks without compromising data control.