SWIFT Calls Its Blockchain Trial a Success
SWIFT has dubbed its blockchain projects successful, according to a report published today regarding its proof-of-concept with the technology.
The inter-bank network’s proof-of-concept, announced back in January 2017, was aimed at testing whether blockchain could be used for more efficient international transactions.
Specifically, the test dealt with funds in Nostro accounts, and sought to determine whether moving that money over to a distributed ledger could allow those funds the freedom to be used in other investments.
SWIFT said in a press release today:
Preliminary results of the PoC show that the SWIFT-developed DLT application can deliver the business functionalities and data richness required to support real-time liquidity monitoring and reconciliation.
