The CEO of the organization, Gottfried Leibbrandt said at the time that:
“Our new GPI platform is extremely interoperable and open, and we’ve always had links to other networks […] we are announcing later today a Proof-of-Concept with R3blockchainon trade, where you can initiate payment on the trading platform, and then it goes into GPI. So we’re exploring interconnectivity with a lot of things.”
In a bid to confirm if DLT can reduce the complexity of the management of shareholder meetings, SWIFT conducted a blockchain-based shareholder e-voting PoC with top financial institutions like HSBC, DBS, Standard Chartered Bank, securities software provider SLI, the Singapore Exchange, and Deutsche Bank.
An executive at SWIFT said that:
“The emergence of blockchain technology is a new opportunity to look at improving these [current] processes. It is also an opportunity for SWIFT to offer flexibility in the adoption of this new technology through the re-use of ISO 20022 based solutions together with a high level of security and resilience that our industry requires.”
Furthermore, the present SWIFT network and infrastructure was used to access, test and validate the applicability of the technology. This way no extra cost is incurred for testing.
source: https://coindoo.com/swift-set-to-allow-gpi-payments-for-blockchain-platforms/
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