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Author Topic: [2016-12-16]SWIFT rejects blockchain  (Read 175 times)
Alex077
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December 16, 2016, 10:27:52 AM
 #1

SWIFT - Blockchain

The otherness between the solutions in the framework of GPI - Global Payments Innovation, developed by SWIFT and fintech start-ups that demonstrate PoC (proof of concept), is the experimental projects of banks that are testing new approaches of SWIFT, based on already operating systems...https://bit.news/eng/swift-rejects-blockchain/

                   
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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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December 16, 2016, 02:52:14 PM
 #2

SWIFT - Blockchain

The otherness between the solutions in the framework of GPI - Global Payments Innovation, developed by SWIFT and fintech start-ups that demonstrate PoC (proof of concept), is the experimental projects of banks that are testing new approaches of SWIFT, based on already operating systems...https://bit.news/eng/swift-rejects-blockchain/

                   

If the solutions that SWIFT is looking at are based on already operating systems, they are just incremental changes.
In any case, Bitcoin is a rival to SWIFT and the money transfer business of global banks. So SWIFT rejecting blockchain is not a surprise.


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