Chainlink helping SWIFT build token infrastructure

Who is SWIFT? 

They are a global messaging system leveraged by financial institutions (> 11K globally) that relies on standardized security and codes for all transmissions. The key difference from other offerings is SWIFT is NOT a holder of these assets.  All of these is done at scale to the tune of more than 40Million messages a day.  Each institution receives a BIC (AKA SWIFT ID, or ISO 9362 code) which has a breakdown of 

• First four characters: the institute code (UNCR for UniCredit Banca)
• Next two characters: the country code (IT for the country Italy)
• Next two characters: the location/city code (MM for Milan)
• Last three characters: optional, but organizations use them to assign codes to individual branches

What is Chainlink?

Chainlink is a framework for building Decentralized Oracle Networks (DONs) that connect smart contracts to other blockchains, off-chain data and computational capacity.  

What are the major constructs of Chainlink?

• Decentralized Oracle Networks (DONs) which are primarily built on Ethereum, as well as various other chains and L2s.
• CCIP - Cross-chain InterOp Proto a global standard for cross-chain messaging, data, and token transfer that was first announced in Aug. '21  - working w/ SWIFT to build Token Infrastructure
• Staking is due to start this month?!? I have not seen an update so not sure of status
  • Side note - when they released their staking roadmap LINK up 12% in a matter of hours.

Huge Enterprises running Chainlink nodes already

• Kraken 
• Solana
• Accuweather - started running a Node in Aug. '21
• Associated Press (AKA AP) 
• LexisNexus 
• Swisscom 
• Just to name a few

Recently Chainlink announced they are building a token exchange network for SWIFT via their CCIP. The net result will allow SWIFT to Proof-of-concept (PoC) across most if not all blockchains. Allowing them to be the premier clearing house for all things Crypto.   Any bells going off for you? Think CBDC's in short order!

This is not the first time the two have worked together. Chainlink and SWIFT first worked together 5-years ago on a Bond issuance and redemption PoC. I have not seen any results from this PoC, I assume they went very well thus why they are syncing up again.

Why you should pay attention to these actions with caution? SWIFT Flips the script and helps China

Is SWIFT taking the best of all the top crypto offerings and making their own hybrid? That would be my guess and this would be above all country levels and thus not voted upon by citizens. 

Summary - I am a believer in Chainlink, but I have to 100% skeptical of SWIFT as they are partnering up some major league Communist countries. Nothing to see here, move along folks. Just your rights, privacy and freedoms being taken away without you even being aware while distractions abound.

Credits - Image came from Alphablocs.com - no representation of ownership, nor transference has been intended with its use! 

Disclaimer - I am not an employee nor an agent of Chainlink nor SWIFT!