Swift completes the block chain intelligence contract test


nnnnAccording to the news released Friday, the Interbank Information Delivery Platform Swift and the start-up company SmartContract collaborated to complete the Chain Chain Concept Verification (PoC), which was the first to use SmartContract’s ChainLink v1.0 project, Enabling users to connect smart contracts to data sources, network APIs, and multiple payment methods. At the same time, the company said it will issue its own tokens to raise funds to provide energy for its network.n
nnTranslation: Clovern
nInter-bank information transmission platform Swift and the start-up company SmartContract cooperation to complete the block chain concept verification (PoC).n
nAccording to Friday’s announcement, the concept validation is the first to use SmartContract’s ChainLink v1.0 project, enabling users to connect smart contracts to data sources, network APIs, and multiple payment methods.n
nAlthough the details of the project has not yet been announced, SmartContract founder Sergey Nazarov told CoinDesk that:n
nn”We have successfully completed the first phase of PoC with Swift and are engaged in active dialogue on how to further improve our work.”n
nnThe news release coincided with the brand-name reshaping of the startup’s ChainLink product, formerly known as SmartContract Oracle.n
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nTokens available for salen
nSmartContract was founded last year and is headquartered in New York and is one of the few chain-chain start-ups that Swift awarded to the Sibos conference in 2016. Swift’s representative confirmed to CoinDesk that it was a customer of SmartContract. At the same time, Swift is currently working with a variety of suppliers to carry out a number of block chain projects.n
nSince obtaining the contract, SmartContract has worked with Ari Juels from Block Chain ICs IC3 to provide TownCrier Oracle with daily Ethernet data for US dollar exchange rates.n
nIt is worth mentioning that this start-up is preparing to pre-sell its own encrypted tokens –LINK, and in the subsequent public-oriented activities.n
nAccording to SmartContract, its tokens will be used to provide energy for its network. And sent an e-mail to the user explained:n
nn”The LINK token will be used to pay for the ChainLink node operators involved in the ChainLink network to create a fully decentralized oracle network.”n

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