really good article on ccip

[Anonymous No.56137805]

https://www.thebanker.com/Swift-and-Chainlink-s-tokenised-asset-experiment-1695022142

some good bits of info here:

tokenization is coming but competing solutions:

>Keith Bear, fellow of the Cambridge Centre for Alternative Finance, attests to the benefits of tokenisation, but still sees an industry in search of a path forward. “There’s a high degree of certainty on the value of tokenisation, but a high degree of uncertainty in terms of how it can meaningfully progress,” he says.

>As a result, there are a number of different projects all approaching the challenge — which Mr Bear likens to a Rubik’s Cube — in different ways. Mr Bear lists the Quant Network’s Overledger project, which is collaborating with the Bank of England and the Bank for International Settlements, and projects within the Linux foundation’s Hyperledger family, such as the Ripple/NTT Data collaboration on Inter Ledger Protocol and Quilt as examples.

>On the latest Swift and Chainlink effort, he says: “Swift has the benefit, obviously, of thousands of bank members, and their messaging system being deployed across the vast majority of the financial services network and a single point of entry.”

1

[Anonymous No.56137811]

anz extremely bullish on ccip:

>Mr Dobson was pleasantly surprised by Swift’s outlook in terms of its ambition to leverage existing infrastructure, working with Chainlink and using the CCIP to access public networks and perform cross-chain transactions. And he is even more pleased with the results.

>“We were hoping to see information and value travelling simultaneously as opposed to information and value travelling sequentially — which is what happens now in Swift messaging. What we saw was by using the CCIP, it enabled both instructions and value to move simultaneously and cross-chain. That was a revelation,” he says.

>“The confirmation that it can be done kind of widened our eyes in terms of possibilities,” he continues. ANZ is keen to learn more about what can be done with the CCIP. “Now we want to do live, real-value transactions: cross-border, cross-chain, multi-asset type transactions. Or at least prove we can.”

if you were wondering what "reef" was in the chainlink anz slides from today:
https://twitter.com/chainlink/status/1703813430614855696

>He also points to the as-yet unrealised potential of nature-based assets, in his view a high-growth asset class badly in need of modernisation. Right now ANZ is specifically exploring tokenisation in the Reef Credit Scheme, a project that rewards farmers with credits for transitioning away from agricultural practices that harm the Great Barrier Reef to those that work to improve the quality of water entering the reef.

https://www.qld.gov.au/environment/coasts-waterways/reef/reef-credit-scheme

2

[Anonymous No.56137825]

regulation a big barrier:

>However, to realise these benefits, regulation needs to be crystal clear. All participants in the Swift and Chainlink experiments cited legal and regulatory clarity as the largest pending hurdle for widespread adoption.

>The experiment’s full report concedes that since legislative and regulatory decisions are outside Swift’s, Chainlink’s and experiment participants’ control, discussion was instead focused on the topics within their control. Mr Zschach takes a sanguine view. “We can only manage what we know today, and we’ll make assumptions on the clarity that’s provided — or not — and then work with our customers to figure out how to extract value.”

obviously all really bullish for chainlink, they've been chosen by swift, the best tech to implement this through

surely must be a speculative pump about all this at some point

3

[Anonymous No.56137830]

>DISCLAIMER: This thread was brought to you by the chainlink labs community advocates program.
>Lets take a moment to thank our generous sponsor for making shill threads like this possible!

So cringe you advocates are GLOWING youre so obvious its painful to watch. Just go back to twitter and circle jerk there with your braindead cult members over there

[Anonymous No.56137838]

>>56137830
i'm in the same discord as you

[Anonymous No.56137857]

>>56137825
>surely must be a speculative pump about all this at some point

[Anonymous No.56137873]

>>56137838
Chainlinkgods personal army?

[Anonymous No.56137881]

>>56137857
yeah i feel the same way kek

but seriously, it's fucked up when you have anz saying:

>“Now we want to do live, real-value transactions: cross-border, cross-chain, multi-asset type transactions.

[Anonymous No.56137888]

>>56137881
thank you for your service link marine

[Anonymous No.56137953]

full article

https://pastebin.com/YCyFHNW7

[Anonymous No.56137987]

>keith bear
Interesting there has been a Keith tripfag posting recently

[Anonymous No.56137988]

>>56137953
This is advertising. Go buy an ad and fuck off

[Anonymous No.56138005]

>>56137811
chainlink will save the great barrier reef :^)

[Anonymous No.56138039]

>>56137825
>surely must be a speculative pump about all this at some point
haha... yeah...

[Anonymous No.56138979]

>>56137988
>literally enraged that people post breadcrumbs
Cope and seethe and if you have a moment left over, try doing both at once.

[Anonymous No.56139109]

in other words, what we thought would happen is literally what's happening. banks are just going to build their own chains where they have full control but will use ccip so their chains can communicate with each other the same way they all have their own databases and use swift to communicate with each other. except this time, ccip/swift can transfer value and not just data. which means qnt not needed, xrp not needed, and eth not needed. it's gg.

[Anonymous No.56139110]

>>56138979
Go make a general and do that there.
Stop spamming my board with 50 threads about your irrelevent underperforming loser shitcoin

[Anonymous No.56139514]

another good article
https://www.kitco.com/news/2023-09-15/Swift-is-laying-the-groundwork-for-a-global-interoperable-blockchain-ecosystem-SDX-s-Alex-Kech.html

>When asked if Swift could eventually make widespread changes to their system and integrate blockchain technology to keep pace with global developments, Kech – who worked at Swift for 18 years – said that while he is not privy to their current discussions on the topic, it makes sense for them to work towards integrating blockchain as banks and financial institutions increasingly explore the technology.

>“SWIFT has the amazing advantage of having a global network of 11,000 financial institutions connected to the SWIFT network,” he said. “I think they will need to expand their services into something that is capable of supporting banks in terms of node management or in terms of direct access to blockchains.”

>“The initial activities they are working on is to leverage existing tech to support this progressive migration towards more blockchain-based infrastructures,” he added.

>When asked if Swift is making this move now as a way to take part in the growing wave of tokenization, Kech said “They could definitely go in that direction,” and noted that they chose the right partner in Chainlink to make that happen.

maybe we get more news?

>When asked what comes next in the process, Kech said that it depends on what Swift wants to do, because at this point, “It’s not a product, it’s so far just an experiment.”

>“Will it become a product or not? They might share their plans next week at Sibos, which is the big Swift event they organize every year with about 8,000 participants,” he said. Kech noted that he will be participating in a panel on this topic during Sibos.

[Anonymous No.56139543]

>>56137805
thanks anon
Was \wondering about what this article said

[Anonymous No.56139665]

>>56139109
yeah

[Anonymous No.56139933]

Thanks zach! Drop by any time!

[Anonymous No.56140012]

>>56139109

[Anonymous No.56140018]

>>56137805
>Mr Bear lists the Quant Network’s Overledger project, which is collaborating with the Bank of England and the Bank for International Settlements, and projects within the Linux foundation’s Hyperledger family, such as the Ripple/NTT Data collaboration on Inter Ledger Protocol and Quilt as examples.
>Britfag again has to bring up Quant as if it's a legitimate solution
Why are the britcucks like this?

[Anonymous No.56140071]

>>56139109
Yes with the caveat that ETH and XRP will be connected to the bankchains via CCIP... so basically QNTcucks btfo, schizochads and mETHtrannies keep winning

[Anonymous No.56141922]

>>56140071
they aren't going to use pedo eth or scammy xrp, sweetie