They don't mention Factom, but what they say sounds like it. Would it be possible for Factom to handle that much data?


HSBC says the blockchain could be used for 'helicopter money'


(...)

HSBC outlines the trust problem with helicopter money — in short, people are rightly sceptical of a central bank's ability to work out how much help the economy actually needs. If it's too much, helicopter money could be wildly inflationary.

Here's how they think the blockchain could help with that:

If we move towards an economy where all transactions become recorded in real-time on a Blockchain type of technology, it will not be too dissimilar to the current eco-systems that many ecommerce giants have around the globe. Online e-commerce stores are able to give out loans to merchants without collateral, because they know all the flows already from the merchants’ point of view: from how much people are spending to the conversion rate of pages viewed to purchases. In the same way, a modernised monetary transmission system, based on real-time big data analysis through Blockchain, could allow the government to balance the economy more efficiently and systematically.

In short, the blockchain would allow the government to know a huge amount more about what's actually happening in the economy.

(...)

http://www.businessinsider.com/hsbc-says-the-blockchain-could-be-used-for-radical-central-bank-helicopter-money-policies-2015-11?r=UK&IR=T



Edit: Another Article about it from Coindesk

HSBC: Blockchain Tech Could Complement Central Bank Policies
http://www.coindesk.com/hsbc-central-banks-blockchain-economic-activity/