SmartContract unveils PoC

SmartContract unveils PoC

SmartContract, which enables computable smart contracts, has unveiled a new a proof of concept (PoC) for making/using smart contracts with Swift.

The PoC was built with the assistance of Barclays, BNP Paribas, Fidelity, Société Générale and Santander.

If rolled out in a larger implementation, this type of offering would allow banks to easily connect their existing systems to smart contracts on various networks with one middleware.

The PoC was designed to show how smart contracts could simplify the buying, selling and payment of dividends from bonds.

The project makes notable use of interest rate data from the five banks.

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  • Alex 19 October, 2017 at 2357

    This is huge!

  • Sebastion 20 October, 2017 at 0145

    The POC looks to show that this Oracle to blockchain middleware is immediately useful and compliant. I think the Smart Contract project is interesting in that focuses on integration rather than disruption.

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