Hyperledger Project Looks at Options to Build Blockchain Technology with IBM, DTCC, SWIFT, and Others

SWIFT, the operator of the platform used by the global interbanking system, has revealed details of its blockchain proof-of-concept (PoC) trial that sees participation from a number of global banks for real-time cross-border payments. Swift has chosen the Hyperledger Fabric, a product developed by the Linux Foundation-led open-source cross-industry collaborative Hyperledger Project, as the core technology for its PoC. It should not come as much of a surprise, with Swift among the founding members of the project. The goal is to see if blockchain technology can help ‘improve the....

Business blockchain consortium Hyperledger is now building an open-source tool that will let anyone explore the distributed ledger projects being created by its members. Originally conceived by an intern at the Depository Trust & Clearing Corporation (DTCC), the proposal to create a blockchain explorer gained steam last month when it was informally proposed to members. It was then that other prominent contributors to the Linux-led group discovered they all had similar efforts underway. But instead of launching competing open-source services, an effort began to merge the blockchain....

The Hyperledger Project announced 17 new members that will collaborate in researching, developing and standardizing blockchain technology. Hyperledger Project Adds ‘Two New Members Per Week’. The project has attracted 80 business members since the inception of Hyperledger last year. “There’s been a tremendous response to our vision for creating an open....

The Wall Street companies may soon start using blockchain technology based services provided by DTCC. Blockchain technology in banking and fintech is not a new thing. The sector has been working on implementing the distributed ledger technology into its operations for more than a year now. As they make progress, the Wall Street clearinghouse has decided to hop on the bandwagon by adopting blockchain technology. According to reports, Depository Trust and Clearing Corporation – DTCC has announced its intentions to start using Blockchain technology on a trial basis. DTCC is a leading firm....

Will the blockchain replace SWIFT? No fringe concept, the question has long been openly asked by innovators in the blockchain industry as well as FinTech professionals due to the potential of the technology to replace financial intermediaries. As the "global backbone of the financial industry", this is notably one of the core functions that SWIFT today serves. Accordingly, the question of how SWIFT would respond to this potential threat gained new definition this week with the news that the financial messaging services provider is working to build its own distributed ledger....