SWIFT, the interbank messaging system that enables cross-border payments, is collaborating in an initial proof-of-concept with Chainlink, a provider of price feeds and other data to blockchains, on a cross-chain interoperability protocol (CCIP). The CCIP protocol will allow SWIFT messages to command on-chain token transfers, allowing the interbank network to communicate across all blockchain settings. Chainlink co-founder Sergey Nazarov stated at the SmartCon 2022 conference in New York City on Wednesday that this will assist speed the adoption of distributed ledger technology (DLT) blockchains and benefit numerous organisations across capital markets.
