Today SWIFT, the interbank payment company, published the results of its DLT proof of concept (POC) with 34 participating banks.
On the whole, SWIFT announced it a success but also identified the work yet to be done before it could be used in production.
“The PoC went extremely well, proving the fantastic progress that has been made with DLT and the Hyperledger fabric in particular”, said Damien Vanderveken, Head of Research and Development at SWIFT. “The DLT sandbox enabled us to control access, to define and enforce user privileges, to physically segregate confidential data and store it only with the relevant parties while supporting a strong identity framework by linking all participants to their BIC, and having all keys signed by a SWIFT certification authority”.
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