IBM Open test beta system connecting separate account type SWIFT for direct deposits that are available 24 hours

What's going on?

IBM announced on Thursday that it has added two new capabilities to the digital asset Haven platform, which is a platform for banks and financial institutions under supervision to manage and secure digital assets.

Two of the new skills are: - You've got to be able to do it.

1. It's called the Beta Connection. Logged into a ledger using Swift's blockchain technology, which allows for the creation of tokenized deposits
2. I 'm not sure . Banks can run the IBM platform within their own data centers.

Who's Swift? Why is this red book so important?

Swift is a global financial messaging network that banks around the world have been using to transfer money across countries for decades. Swift has developed blockchain accounts with more than 40 financial institutions and launched in July last year, with 17 of the leading banks including HSBC, Citi, BNP Paribas, UBS and Standard Chartered

Importantly, HSBC and Standard Chartered have been doing cross-border business in real time since the first listing on this website was completed last August.

For financial institutions participating in the SWIFT project, many have already tested making token deposits on this red account through IBM 's digital asset Haven platform.

How will the bank be used?

digital asset Haven is now equipped to connect to a messaging adapter that enables financial institutions to order electronic money transfers through the standard. Manufacture from materials of any heading Which is a global standard for receiving financial messages.

This means that banks do not have to create a new operating process specifically for the blockchain, but can use existing forms of payment and internal control (compliance) procedures.

Tom McPherson, general manager of IBM Z and LinuxONE said: "The financial services industry is entering a new era where digital assets and traditional assets must move together".

The version installed in the data center itself is different

The second option is to run the platform on a basic infrastructure. IBM Z and LinuxONE Without relying on public cloud services, banks and institutions that are under supervision can store all of their digital asset operations and security key management in their own data centers.

How does this news affect the general public?

Although the news is institutional, it's clear that major global banks are incorporating blockchain technology into existing systems through familiar standards rather than creating new parallel systems. If Thai banks or regional service providers follow this same path, users may see faster cross-border money transfer services in the form of token deposits in the future while remaining under current regulation.

Please note that Citi and DBS have just completed their first successful cross-border direct deposit transaction over the weekend via SWIFT, which reflects that the system is still being tested in real life.