SWIFT and BlackRock Embrace Blockchain Tech

Beyond Blockchain #9: Blockchain adoption gathers pace as more heavyweights plug-in DLT solutions

SWIFT to Trial Blockchain-Based Solution

In international trade, double issuance of invoices, warehouse receipts, and other documents is a common form of fraud. Enterprises are waking up to the blockchain’s potential to solve this problem. The global network for processing payments between countries, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) is participating in an international proof-of-concept (PoC) trial involving the use of blockchain.

BlackRock Joins DLT-based Equity Swaps Network

BlackRock, the world’s largest asset manager with over $9 trillion assets under management, has joined Veris, a DLT-based equity swaps platform. Veris was designed and launched in 2020 by capital markets technology firm Axoni. The platform’s other notable users include U.S. banks Citi and Goldman Sachs.

Etherisc and German University to Launch Decentralized Insurance Solution

German-based blockchain startup Etherisc is partnering with a local university, Mittweida University of Applied Sciences, for a new blockchain-based project. The university’s blockchain research center, known as Blockchain Competence Center Mittweida (BCCM), will work with Etherisc to develop alternatives to traditional insurance policies.

Malaysian Stock Exchange to Use Blockchain to Record Stock Certificates

Bursa Malaysia, Malaysia’s stock exchange, recently announced that it is developing a proof-of-concept (PoC) to use blockchain to record stock certificates. Bursa Malaysia will use DAML smart contracts, a blockchain development framework designed by startup Digital Assets, and a distributed ledger technology platform developed by VMWare.

Indian Education Board Adopts Blockchain to Document Student Certificates

The Central Board of Secondary Education (CBSE) in India is planning to launch a new portal called Academic (BlockChain) Documents. This move is aimed at addressing the problem of widespread academic credential fraud that plagues the country. Applicants routinely falsify academic qualifications by presenting doctored certificates to employers and higher academic institutions.

Latest Blockchain Investments

EU to Invest $177 billion in Blockchain and Emerging Technologies: The European Union (EU) will sponsor the direct investment of at least $177 billion in emerging technologies including blockchain, artificial intelligence, quantum computing, data infrastructure, and 5G networks. The $177 billion fund represents more than 20% of the €750 billion (appr. $887 billion) that was earmarked by the region to stimulate the recovery of businesses in a post COVID-19 world.

Learn Where Blockchain Fits Into Your Business Model and Objectives

Move Digital is a trusted partner for enterprises looking to map out or deploy a blockchain strategy. Our team of experts will help you evaluate key operational areas where integrating a DLT-based solution can be an instant game-changer. If you need help getting started with blockchain in your organization, feel free to send us an email



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