Swift is Not “a Legacy Incumbent that will be Doomed” by Blockchain

[kreslik.news]

The network handling the majority of modern international interbank messages, Swift (Society for Worldwide Interbank Financial Telecommunication), is determined not to be left behind in the wake of the revolution that is unfolding in the finance world with the adoption of the innovation at the heart of bitcoin – blockchain or Distributed Ledger Technology (DLT).

Presenting at an event in Berlin, the SWIFT Operations Forum Europe 2016, the financial institution unveiled a proof-of-concept for managing the entire lifecycle of a bond trade, according to a report from the scene.

Damine Vanderkerken, head of R&D at Swift Labs, said: “Swift has been ... (read more)