Many investors associate blockchain with the hype around digital currencies...
But strip away that, and even cynics will say there's a valuable emerging technology beneath.
Now, HSBC says it has used blockchain to perform a trade finance transaction - for the fist time in the world.
"People hear blockchain and they immediately think of crypto currencies, Bitcoin, but actually there's a number of other ways in which this technology can be used and I think almost every sector is currently looking as to how they can improve their particular sector, and this is just one example of it."
HSBC and Dutch Bank ING carrying out an end-to-end soya bean shipment deal for food and agricultural group, Cargill.
A process which under traditional letter of finance procedures - still used now - can take anything up to ten days.
And leave a long paper trail.
"There's a number of ways in which the banking industry and the financial services industry can actually adopt the blockchain to make transactions faster ..... It also make them more transparent and also make them cheaper as well."
Putting all of Asia Pacific's trade-related paperwork into electronic form could slash the time it takes to export goods by up to 44 percent - costs by up over 30 percent, HSBC says.
While also reducing fraud ....
The distributed ledger technology behind blockchain offering, its fans say, unhackable record-keeping across sectors.
The bank took in an estimated two and half billion dollars in trade finance revenue last year - its chunk of a market thought to be worth around nine trillion in total.