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.
According to Damien Vanderveken, SWIFT's head of research and development, the test provided a window into the strengths - and limits - of migrating such a system to distributed technology.
https://www.coindesk.com/swift-announces-successful-proof-of-concept-trial-for-dlt-platform/