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Home»Fintech»Swift builds proof-of-concept for blockchain interoperability
Fintech

Swift builds proof-of-concept for blockchain interoperability

September 29, 2022No Comments1 Min Read
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Swift builds proof-of-concept for blockchain interoperability
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Interbank co-operative Swift is engaged on a pilot undertaking with Chainlink to supply community interoperability throughout a number of blockchain platforms.

Swift and Chainlink have developed a Cross-Chain Interoperability Protocol (CCIP) as an preliminary proof of idea.

CCIP is designed to allow Swift messages to instruct on-chain token transfers, serving to the messaging community develop into interoperable throughout practically all blockchain environments.

SWIFT is utilizing the Cross-Chain Interoperability Protocol (CCIP) in an preliminary proof of idea.

CCIP will allow SWIFT messages to instruct on-chain token transfers, serving to the SWIFT community develop into interoperable throughout all blockchain environments.https://t.co/8GOBNhzwCk pic.twitter.com/Pvm0Cex45e

— Chainlink (@chainlink) September 28, 2022

The initiative is one in all a sequence of experiments promised by Swift on ways in which it will possibly assist help interoperability within the growth of the tokenised asset market.



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