CNBC has just reported that Swift will be partnering with blockchain start-up company R3. Swift is one of the world’s leading financial messaging platforms, used by some of the largest financial institutions. The Corda platform is an enterprise blockchain platform, targeting business usage.
Speaking at a panel session hosted by CNBC today, Swift added:
We are announcing later today a proof-of-concept with the R3 blockchain on trade where you can initiate a payment on the trade platform and then it goes into GPI.Gottfried Leibbrandt, Swift Chief Executive
We’re exploring interconnectivity with a lot of things and banks have always been a part of that interconnectivity.
The R3 Corda blockchain has piqued the interest of many, in recent months. We’ve recently covered ING Bank, and the UK Land Registry, to name a few who are considering or looking to R3 and Corda to deliver blockchain solutions to their organisations.