Axoni CEO Hails Blockchain 'Success' in 85 Test Cases
Greg Schvey, CEO of Axoni, discusses the recently completed blockchain test for credit default swaps conducted with four banks.
Actual, tangible proof of the successful use of blockchain technologies is a bit harder to come by, but that was the case with Axoni, which saw a 100 percent success rate across 85 test cases looking at the capabilities of blockchain and smart contracts to manage the post-trade lifecycle events of standard North American single-name credit default swaps (CDSs).
Bank of America Merrill Lynch, Citi, Credit Suisse and JPMorgan were the four banks involved in the tests, along with the Depository
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