The SWIFT network, which connects more than 11,500 financial institutions globally, is working with Ethereum software giant Consensys and 30 different firms to build a prototype for “real-time 24/7 cross border payments.” The other firms include Bank of America, Citi, Deutsche Bank, JP Morgan Chase, and Wells Fargo. “It is envisaged that the ledger—a secure, real-time log of transactions between financial institutions—will record, sequence and validate transactions and enforce rules through smart contrac ...