Cryptocurrency Q&A
What blockchain does SWIFT use?
What blockchain does SWIFT use?
Valentina
Tue Aug 27 2024
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5 answers
937
Could you please clarify for me if SWIFT, the global provider of secure financial messaging services, actually utilizes a blockchain technology in their operations? I'm curious as to whether they've integrated blockchain's decentralized, tamper-resistant, and transparent nature into their system for faster, more secure transactions. If they do use blockchain, could you elaborate on which specific blockchain they've adopted and how it benefits their clients and the financial industry as a whole?
5 answers
Bianca
Thu Aug 29 2024
Swift, a leading provider of secure financial messaging services, has announced a groundbreaking collaboration with Chainlink (LINK), a blockchain oracle network. The partnership aims to revolutionize the transfer of tokenized assets across the financial landscape.
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Daniela
Wed Aug 28 2024
The experiment, which is set to involve dozens of financial institutions and multiple blockchains, represents a significant step forward in the integration of blockchain technology into traditional finance.
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Alessandra
Wed Aug 28 2024
By leveraging Chainlink's decentralized oracle network, Swift hopes to enhance the security, transparency, and efficiency of asset transfers. This will enable financial institutions to move tokenized assets seamlessly across different blockchains and systems.
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KpopStarletShineBrightness
Wed Aug 28 2024
Chainlink's oracle network serves as a bridge between blockchain smart contracts and real-world data sources, ensuring that smart contracts can execute accurately based on real-world events and data.
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CherryBlossomGrace
Wed Aug 28 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet services. Its integration with cutting-edge blockchain technology and financial infrastructure can further facilitate the transfer of tokenized assets and enhance the overall user experience.
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