this post was submitted on 30 Sep 2025
14 points (75.0% liked)

Technology

76484 readers
5274 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
14
Swift To Build a Global Financial Blockchain (news.slashdot.org)
submitted 1 month ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
3 comments fedilink hide all child comments
 

In a move that is sure to make Ripple nervous, traditional financial network Swift announced yesterday that it is partnering with Consensys and more than 30 global banks to build a blockchain based network that will run in parallel with its traditional network. Interestingly, unlike XRP, there is no native coin, rather it aims for interoperability (probably using Chainlink with whom the company did case studies for a few years already). There is also a strong focus on regulatory compliance.

top 3 comments
sorted by: hot top controversial new old
[–] technocrit@lemmy.dbzer0.com 8 points 1 month ago* (last edited 1 month ago) (2 children)

It's strange to me when people don't understand the technological breakthrough of open ledgers. Even Swift gets it.

[–] adespoton@lemmy.ca 16 points 1 month ago

It’s also strange to me when people misunderstand the importance and viable applications of open ledgers.

Swift appears to be using them correctly, but so many others will get it wrong.

Except… the real way to use them is to just integrate them on the back end to the existing system, such that for most people there’s no observable change. This would eliminate skimming and provide another layer of evidence during disputes, without otherwise affecting what already exists.

[–] treadful@lemmy.zip 6 points 1 month ago

This isn't likely to be open at all.