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Blockchain marches steadily into global financial transaction networks

The organization behind most of the world’s cross-border money and security transfers is deploying a blockchain proof-of-concept (PoC) for clients’ shareholders to use in electronic voting.

SWIFT said this week it will jointly conduct the PoC in the Asia Pacific region with securities software provider SLIB and the Singapore Exchange (SGX), along with Deutsche Bank, DBS Bank, HSBC Holdings and Standard Chartered Bank.

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