Part of their project is Hyperledger, the other part being Chainlink. Hyperledger is a private permissioned blockchain, but Chainlink is built on Ethereum and currently available on Binance.com
"Moving forward, the PoC blockchain application will undergo testing over the summer months, with the results scheduled to be published in September and presented at Sibos in Toronto in October."
SIBOS is the 16th, and I expect a considerable pump in anticipation, even more so if SWIFT officially adopting Chainlink. Now see this.
"In this session we hear how the 2016 Innotribe Industry Challenge winner proposes to bridge DLT platforms with ISO 20022-compliant SWIFT messaging. SmartContract.com will present a live demo of a Proof of Concept where a DLT platform manages ISO 20022-compliant bond instruments, while an ISO 20022-aware Smart Oracle settles coupon payments off-ledger through ISO 20022 payment messages over SWIFT."
Now see this
"Specifically as it relates to Swift, though, Cunha noted the CLS consortium's work on a project designed to work in harmony with the payments messaging system, and even the work done by Swift itself, using both as examples of how blockchain is pushing financial incumbents to become more cutting edge." He ends with, "The partnerships will be where the ultimate success is."
Instead of having to revamp their whole infrastructure (banks are very slow to move), Chainlink provides a "plug-and-play" integration with current SWIFT messaging... but Chainlink proposes something much bigger than just bank applications: they propose to bring external data to Ethereum via decentralized network of API datafeeds. Currently Eth is isolated from the outside world, as there is no way to reliably and securely bring in outside data. This is absolutely necessary if Ethereum is to ever become useful. Here are relevant whitepapers for the tech-savy. Note that Ari Juels is working on TownCrier, former chief scientist at RSA and one of the most reputable names in cryptography.
Chainlink whitepaper
Town Crier whitepaper
At $140m market cap I believe it's criminally undervalued. Keep in mind OMG hit $1.2B with zero working product and nothing but hype and a McDonalds partnership. Chainlink is demonstrating a working proof of concept, the implications of which outweigh most other coins. I got in at $0.20 and $0.33, and plan to pyramid more on the coming dip (as of Oct.7). In my opinion this is an opportunity to get in early on a potential game changer. This is one the Wyckoff family should not miss...
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