Without intervention, it might take traditional finance (TradFi) ten to 20 years to adopt blockchain, said Olivier Roucloux of Euroclear. That’s partly because some organizations are unwilling to invest. However, if there’s a route with minimal investment, that could be a game changer. Swift is exploring such a path.
In late August, Swift shared the results of a blockchain interoperability trial including BNP Paribas, Citi, the DTCC, Euroclear and several others. Chainlink was the blockchain partner providing its cross chain solution.
But the work is much more than interoperability between blockchains. It’s just as much about enabling access to DLT in the language institutions speak today, which is Swift messaging.
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