Swift publishes results of ‘landmark’ DLT project
Swift says it is no longer a question of if, but when DLT will reach maturity
Global payment messaging firm Swift has successfully completed a proof of concept (PoC) employing distributed ledger technology (DLT) for cross-border payments.
In a report published on March 8, the firm announces participating banks managed to test 34 use cases relating to nostro account balances, as well as a liquidity testing phase.
“The PoC demonstrated the huge progress DLT has made with regards to data confidentiality, governance, security, and the identification framework, evidencing
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