(3.8.18) CoinDesk: SWIFT Claims ‘Huge’ Progress on DLT Bank Pilot

By March 8, 2018 News

Interbank messaging platform SWIFT has published the results of a long-running distributed ledger proof-of-concept project.

Based on Hyperledger Fabric, the SWIFT trial focused on the use of nostro accounts, or bank accounts held by banks inside other banks. The proof-of-concept envisioned these “many-to-many” bank transfers, specifically examining how the system could meet requirements around governance, security and data privacy as they relate to the nostro reconcilitation process.

More here.