REUTERS/Bobby Yip Hong Kong's banking regulator and seven banks, including HSBC and Standard Chartered, will jointly launch a trade finance platform in September. The sector is often described as one of the most manual and paper-orientated parts of the financial services industry. Market participants hope emerging technology, including blockchain, will allow them to serve more clients while also serving existing clients more effectively. HONG KONG (Reuters) - Hong Kong's banking regulator and seven banks, including HSBC and Standard Chartered, on Tuesday said they will jointly launch a trade finance platform in September using blockchain technology. The platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the multi-billion dollar trade finance sector using the distributed ledger technology that underpins digital currencies such as bitcoin.See the rest of the story at Business InsiderSee Also:I've taken AncestryDNA, 23andMe, and National Geographic genetics tests — here's how to choose one to tryThe US is ready for direct talks with the Afghan Taliban to try to end the 17-year warThe ugliest building in every US state, according to people who live there