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Fortune
Fortune
Marco Quiroz-Gutierrez

Swift and Chainlink exploring how to connect financial institutions to blockchains

(Credit: atthew Busch—Bloomberg via Getty Images)

The worldwide bank messaging system Swift has launched a set of experiments in partnership with decentralized oracle network provider Chainlink to examine more closely how major financial institutions might integrate with blockchains.

The tests, which build on existing Swift infrastructure that powers the messages sent among global financial firms, can use Chainlink’s technology to move value in three key ways: between each institution’s private blockchains, between their private blockchains and public blockchains like Ethereum, and between two public blockchains.

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