Interbank cooperative Swift is collaborating with Chainlink on a pilot project aimed at providing network interoperability across various blockchain platforms.
Swift and Chainlink have developed a Cross-Chain Interoperability Protocol (CCIP) as an initial proof of concept. CCIP is designed to allow Swift messages to facilitate on-chain token transfers, enhancing the messaging network’s interoperability across nearly all blockchain environments.
The initiative is one of several experiments that Swift is exploring to support interoperability in the evolving tokenized asset market.
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