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It should be noted that there is a far more interesting implication -- tech and banking giants ditch SWIFT for their own blockchain. The blockchain and SWIFT a
by ihsw 11y ago
It should be noted that there is a far more interesting implication -- tech and banking giants ditch SWIFT for their own blockchain.
The blockchain and SWIFT are very similar in spirit and in actuality, and it stands to reason that there is consensus that a private blockchain network would be more robust, fast, and secure than SWIFT.
- nickpsecurity 11y agoMy thoughts exactly given I've designed, but not developed, tech specifically aiming to replace SWIFT. What they do need not cost so much or be so difficult. I was thinking highly secure endpoints and link encryptors to authenticate otherwise P2P traffic with optional 3rd party involvement where extra accountability is needed.
- joveian 11y agoI don't know how financial stuff works and hadn't heard of SWIFT, but searching came up with an announcment of them joining this effort: http://www.swift.com/about_swift/shownews?param_dcr=news.data/en/swift_com/2015/PR_SWIFT_LINUX.xml http://www.swift.com/about_swift/shownews?param_dcr=news.dat...