Skip to content
swiat-adesso-blockchain-integration.jpg

SWIAT and adesso Launch SWIAT Access to Revolutionize Blockchain Integration

SWIAT, a fintech company specializing in blockchain software for decentralized financial market infrastructure, has deepened its partnership with IT service provider adesso. Together, they are unveiling a new product called SWIAT Access, designed to offer financial institutions streamlined entry into SWIAT’s blockchain ecosystem. SWIAT Access functions analogously to an Internet router, facilitating a straightforward and secure connection between banks’ IT systems and SWIAT’s blockchain network by leveraging adesso’s IT expertise.

This launch addresses the growing interest in blockchain technology among financial institutions, which often struggle with insufficient IT capacities for blockchain projects. SWIAT Access eliminates the need for in-house IT resources, providing the necessary technology for blockchain access that can be installed within a few days. The product aims to serve as an easy gateway to digital assets, tailored to meet the specific needs of financial institutions.

Enhanced Security and Flexibility

SWIAT Access operates with or without additional key management software, akin to a crypto custody solution, enabling banks to engage in various blockchain use cases related to regulated digital assets without extensive technological preparation. This flexibility is particularly beneficial for institutions looking to explore blockchain technology without committing substantial resources to build IT infrastructure from scratch.

The introduction of SWIAT Access highlights the effective collaboration between SWIAT and adesso. Adesso, a strategic partner of SWIAT since autumn 2023, plays a crucial role in this partnership. It serves as one of the nine validators in the SWIAT blockchain network, ensuring the validation and correct execution of blockchain function calls. This integration of validators significantly enhances the security of SWIAT’s ecosystem, which focuses on regulated digital assets, thereby reinforcing the reliability of its infrastructure for the financial sector and lowering entry barriers.

Future Growth and Market Potential

SWIAT’s blockchain-based platform aims to set a global standard for processing blockchain-based securities. The SWIAT ecosystem is meticulously designed to incorporate capital market, compliance, and regulatory requirements from the outset, ensuring security and regulatory compatibility. SWIAT anticipates that the importance of digital assets will increase globally in the coming years, with tokenization becoming more prevalent.

In Europe, SWIAT forecasts the open decentralized financial market to grow at a compound annual growth rate (CAGR) of over 60%, potentially reaching more than EUR 3 trillion by 2030. This projection underscores the significant potential and expected expansion of the decentralized financial market, driven by advancements in blockchain technology and increasing adoption of digital assets.

Strategic Importance of the Partnership

The collaboration between SWIAT and adesso is strategic in addressing the critical need for accessible and secure blockchain solutions in the financial sector. By providing SWIAT Access, the two companies are not only simplifying blockchain integration for financial institutions but also enhancing the overall security and functionality of blockchain operations.

This partnership represents a significant step towards lowering the barriers to entry for financial institutions into the blockchain space. With adesso’s IT expertise and SWIAT’s innovative blockchain solutions, financial institutions can now more easily and securely participate in the digital asset market, paving the way for broader adoption and integration of blockchain technology in the financial industry.

The introduction of SWIAT Access is a testament to the potential of collaborative innovation in fintech. As the decentralized financial market continues to grow, products like SWIAT Access will play a pivotal role in bridging the gap between traditional financial systems and emerging blockchain technologies, fostering a more inclusive and efficient financial ecosystem.



This article was originally published by a www.cointrust.com . Read the Original article here. .

Related Blog