Bank transaction intermediary SWIFT announced on June 24 that if its current proof-of-concept test is successful, it will incorporate R3’s Corda enterprise distributed ledger technology (DLT) into its new high-speed payment confirmation platform, Global Payments Innovation (gpi).
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R3/SWIFT deal threatens to bring back an old conflict
Partnership still won’t bring DLT’s decentralization to the decades-old industry
Enterprise blockchain provider R3 will partner with SWIFT, the service banks have long used to process secure interbank payments, to bring distributed ledger technology to the most powerful middleman in the financial world..