“Swift and Chainlink have channeled tokenized value over public and private blockchains, potentially aiding in the global growth of tokenized asset markets. Their experiment included partnering with several financial corporations to connect them with various blockchain networks. The possibility of tokenization’s massive potential required their smooth cooperation with the whole financial ecosystem.”
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AI-Powered Platforms vs Financial Scams: The Advances and Challenges in Combating Fraud
“Feedzai, an advanced AI-powered risk operations platform, is taking significant strides to combat financial scams using machine learning and big data. The platform flags suspicious activities in real-time, but faces limitations around unpredictable human behavior and decision making.”
Banks and Chainlink Team Up for Blockchain Interoperability: Possibilities and Security Risks
World’s largest banks, including Citi and BNP Paribas, are testing permissioned bank-owned blockchains under SWIFT’s guidance to enable communication with public blockchains like Ethereum. Chainlink’s technology will serve as the bridge, overcoming network fragmentation and ensuring secure information sharing across public and private chains.
Swift, Chainlink, and Banks: Unlocking Blockchain’s Future in Finance
Swift, Chainlink, and major financial institutions like ANZ, BNP Paribas, and BNY Mellon are collaborating to explore blockchain technology’s potential in transferring tokenized assets across networks. The experiment aims to increase market liquidity and contribute to the blockchain industry’s growth beyond single-digit trillions.