SmartContract, which enables computable smart contracts, has unveiled a new a proof of concept (PoC) for making/using smart contracts with Swift.

The PoC was built with the assistance of Barclays, BNP Paribas, Fidelity, Société Générale and Santander.

If rolled out in a larger implementation, this type of offering would allow banks to easily connect their existing systems to smart contracts on various networks with one middleware.

The PoC was designed to show how smart contracts could simplify the buying, selling and payment of dividends from bonds.

The project makes notable use of interest rate data from the five banks.

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