* Posts by knoxg

3 publicly visible posts • joined 24 Apr 2016

SWIFT to trial blockchain – but not for its core payment service

knoxg

What a load of blockchain

> "That's because the global financial system has many participants, and many have their own data standards that other players must parse before they ingest or process info."

SWIFT is already a data standard that other players are parsing, ingesting and processing. I don't see how adding blockchain into the mix is going to suddenly make those messages easier to process.

Obligatory xkcd comic regarding standards: https://xkcd.com/927/