Interbank co-operative Swift is working on a pilot project with Chainlink to provide network interoperability across multiple blockchain platforms.
Swift and Chainlink have developed a Cross-Chain Interoperability Protocol (CCIP) as an initial proof of concept.
CCIP is designed to enable Swift messages to instruct on-chain token transfers, helping the messaging network become interoperable across nearly all blockchain environments.
SWIFT is using the Cross-Chain Interoperability Protocol (CCIP) in an initial proof of concept.
CCIP will enable SWIFT messages to instruct on-chain token transfers, helping the SWIFT network become interoperable across all blockchain environments.https://t.co/8GOBNhzwCk pic.twitter.com/Pvm0Cex45e
— Chainlink (@chainlink) September 28, 2022
The initiative is one of a series of experiments promised by Swift on ways that it can help support interoperability in the development of the tokenised asset market.