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(Kitco News) - The Society for Worldwide Interbank Financial Telecommunication (SWIFT), which is the messaging system used by financial institutions worldwide, has revealed that it is testing out blockchain via a pilot program launched with the blockchain enterprise company Symbiont.
According to the post from SWIFT, several notable giants of the financial world will be joining SWIFT on the project, including Citigroup Inc, Vanguard, and Northern Trust. The goal of the pilot program is to drive “efficiencies in communicating significant corporate events,” like dividend payments and mergers.
The SWIFT system currently delivers secured messages between more than 11,000 companies from over 200 countries and territories, helping to manage trillions of dollars in transactions.
Through the new pilot project,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...