Recently noticed a quite special direction - blockchain infrastructure designed specifically for banking institutions.
To be honest, this idea is quite interesting: to what extent can the speed of cross-border transfers be improved? If it can really achieve real-time arrival and lower the fees, then the traditional SWIFT system should be worried.
The more critical point is this balance - transaction records are traceable on the blockchain, but the details of users' accounts will not be made public. It requires transparency while also protecting privacy, and this technical architecture probably took a lot of effort.
The combination of traditional finance and the on-chain world will be a long-term story, I suppose.
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Liquidated_Larry
· 2h ago
Banks are getting into Blockchain? Simply put, they want to steal our technology and still leave themselves a backdoor, haha.
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NotFinancialAdvice
· 2h ago
Banks doing blockchain? They must be about to charge fees again, haha.
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ChainMelonWatcher
· 2h ago
The banks have started to reduce dimensions, and now SWIFT must be in a panic.
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WinterWarmthCat
· 2h ago
In simple terms, it means that TradFi has started to copy our homework, and they want to add a "privacy protection" disguise? That's interesting.
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Web3ExplorerLin
· 2h ago
hypothesis: banks finally realized the bridge architecture between traditional rails and blockchain isn't optional anymore... but ngl, this privacy-transparency equilibrium they're gunning for? that's the actual quantum leap here. swift's sweating bullets fr
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DoomCanister
· 2h ago
Banks are getting into Blockchain? In simple terms, they just want to Clip Coupons.
Here we go again, SWIFT must be trembling.
If privacy protection is not done well, it will be a joke, and in the end, they will still be on-chain.
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NFTFreezer
· 2h ago
Isn't this just an upgraded version of the Central Bank Digital Money trap? Banks have to follow suit too.
Are banks also getting into Blockchain?
Recently noticed a quite special direction - blockchain infrastructure designed specifically for banking institutions.
To be honest, this idea is quite interesting: to what extent can the speed of cross-border transfers be improved? If it can really achieve real-time arrival and lower the fees, then the traditional SWIFT system should be worried.
The more critical point is this balance - transaction records are traceable on the blockchain, but the details of users' accounts will not be made public. It requires transparency while also protecting privacy, and this technical architecture probably took a lot of effort.
The combination of traditional finance and the on-chain world will be a long-term story, I suppose.