A report by the financial messaging provider SWIFT and 34 global transaction banks that sought to answer the question of how distributed ledger technology (DLT) (Blockchain) Proof of Concept (PoC) can help Nostro account reconciliation has been published today, March 8, with positive results.
A Nostro account is a bank’s account in a foreign currency in another bank. Back in April 2017, SWIFT had first announced that it was going to use the Hyperledger platform as a basis for updating its practices of cross-border market payments in collaboration with Australia and New Zealand Banking Group, BNP Paribas, BNY Mellon and others.
More here.
