Today the SWIAT blockchain announced that four European IT companies will become validators on its permissioned network for digital assets. The consultants are Germany’s adesso, GFT, and think tank Business Solutions as well as France’s Sopra Steria.
DekaBank provides asset management and capital market solutions to Germany’s savings banks. With a vision of a future tokenized world, it founded SWIAT to become a decentralized financial market infrastructure targeting banks and financial institutions for the settlement of tokenized digital assets. Earlier this year it announced the addition of new investors. These include LBBW, Standard Chartered and software firm Comyno.
Adding more validators provides several benefits. Decentralization should enhance the security of the system given there are more nodes operated by different parties. This also improves the network’s resilience if other nodes go offline.
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