Chainlink has just announced a major development of the Chainlink Runtime Environment. It is a framework to connect banks and cryptocurrencies.

Since 1959, the banking world has only experienced a major system revolution in the 1990s with the JRE (Java Runtime Environment) network. Since then the network has evolved well but its basic system remains the same.

Chainlink in partnership with the international banking network Swift wants to create a single communication layer that will allow banks to easily interact with different blockchains and thus crypto-currencycurrencies.UBS Asset Management and SBI Digital Markets are also among the key players involved in the project. The project also opens up other perspectives as they could eventually allow the implementation of smart contracts and also the trade of NFT. Tokenization is also of great interest to banks because it could allow the creation of tokens for small companies not listed on the stock exchange and thus facilitate access to shareholding for investors and facilitate the financing capacities of small and medium-sized enterprises. For this last project, it will be necessary to wait a long-term horizon.

Chainlink’s success in collaborating with traditional finance giants is impressive. All partners are indeed web giants or banks.