Ethereum
$145.57 -0.34%
ETH · 84w

SWIFT completes smart contracts trial with Ethereum Oracle provider SmartContract.com. Launch of ChainLink V1.0 and LINK Token also announced.

Interbank messaging platform Swift has completed a blockchain proof-of-concept in partnership with startup SmartContract.

The proof-of-concept, revealed today, is the first project to use SmartContract's ChainLink v1.0, which lets users connect smart contracts to data feeds, web APIs and a number of payment methods.

While few details about the project have been released, SmartContract founder Sergey Nazarov told CoinDesk:

"We have successfully completed a phase one PoC with Swift, and are in active conversations about how to move further with the work we've done."

The news coincides with the startup's rebranding of the ChainLink product, which was previously titled SmartContract Oracle.

Token sale

Founded last year, New York-based SmartContract was one of several blockchain startups to be selected by Swift to win a contract at its 2016 Sibos conference. A representative of Swift confirmed to CoinDesk that it is a SmartContract customer. Swift is currently working on multiple blockchain projects with various vendors.

Since being awarded the contract, SmartContract has also partnered with Ari Juels from blockchain think tank IC3 to provide authenticated data on the daily ether-to-US dollar conversion price for the TownCrier oracle.

Notably, the startup is currently preparing for a pre-sale of its own cryptographic token called LINK, with a public crowdsale to follow.

According to SmartContract, the token will be used to power its network. An email sent to users explains:

"The LINK token will be used to pay ChainLink node operators for participating in a ChainLink network, allowing the creation of fully decentralized oracle networks."

Company logo image via Swift

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Curre...

Continue on coindesk.com
Recent news
ETH -0.34% · m.youtube.com · 1h

ETH Denver- Ethereum in 2019

Altcoin Buzz's Nathan goes to ETHDenver, meets Erik Voorhees and other key personalities and asks them about development in Ether in 2019. #Ethdenver #Ethere...
3001
ETH -0.34% · twitter.com · 3h

🐬 MKR marketcap just flipped NEO

#MKR (@MakerDAO) just flippened $NEO in market cap and is now heading towards $DASH, $IOTA and $XMR.Could $MKR be soon in the top 10 by market cap ? pic.twitter.com/AWLSU43zYr— Rui V. Maia (@ruivmaia)...
ETH -0.34% · twitter.com · 4h

Metabase Network (META) was just listed on Bittrex

We've detected that Metabase Network $META was just listed on Bittrex! View on Bittrex: https://t.co/fOTRreHldM https://t.co/EcooA4WgWd #crypto #Bitcoin $BTC— Cryptocurrency Alerting (@crypto_alerting...
ETH -0.34% · blog.coinbase.com · 7h

Welcoming Neutrino to Coinbase

Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial system to the world. By analyzing data on public…
21
ETH -0.34% · tradingbeasts.com · 11h

Altcoin value picks update

See one of the most accurate OptiToken Price Predictions For 2019, 2020, 2021, 2022 on the market. We provide OPTI price forecasts for each month of the year.
ETH -0.34% · twitter.com · 12h

Afri on Twitter: "I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise. I did not work on Polkadot, I never did, I worked on Ethereum. I did not hate Ethereum, I loved it."

I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise. I did not work on Polk...