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.
![shutterstock-314019269 shutterstock-314019269](/sites/default/files/styles/landscape_750_463/public/import/IMG/195/343195/shutterstock-314019269-580x358.jpeg.webp?itok=61en6nxf)
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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