{"id":9457,"date":"2017-07-10T14:12:16","date_gmt":"2017-07-10T13:12:16","guid":{"rendered":"http:\/\/www.devopsonline.co.uk\/?p=9457"},"modified":"2017-07-12T14:10:00","modified_gmt":"2017-07-12T13:10:00","slug":"lloyds-banks-blockchain-tech-project","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/","title":{"rendered":"Lloyds Bank\u2019s blockchain tech project"},"content":{"rendered":"<p>To support its worldwide accounts, Lloyds Bank has merged with 27 other banks to use a technology project known as nostro accounts, which uses blockchain, according to <a href=\"http:\/\/www.computerweekly.com\/news\/450422267\/Lloyds-Bank-joins-Swift-blockchain-proof-of-concept-project \" target=\"_blank\" rel=\"nofollow noopener\">Computer Weekly<\/a>.<\/p>\n<p>Society for Worldwide Interbank Financial Telecommunication (Swift) organised the project that enables banks managing nostro accounts, which makes cross-border payments.<\/p>\n<h2>\u2018Little intraday reporting coverage\u2019<\/h2>\n<p>According to Swift, banks can\u2019t currently monitor their accounts in real time because of little intraday reporting coverage.<\/p>\n<p>Head of Research and Development at Swift Lab, Damien Vanderveken, said: \u201cIf banks could manage their nostro account liquidity in real time, it would allow them to accurately gauge how much money is required in each account at any given point, ultimately enabling them to free up significant funds for other investments.\u201d<\/p>\n<h2>\u2018Collaboration between banks is vital\u2019<\/h2>\n<p>\u201cWorking independently of the founding banks, the 22 institutions will act as a validation group to further test the application and evaluate how the technology scales and performs,\u201d added Swift.<\/p>\n<p>The project involved Australia and New Zealand Banking Group, BNP Paribas, BNY Mellon, DBS Bank, RBC Royal Bank and Wells Fargo.<\/p>\n<p>Written by Leah Alger<\/p>\n<p><a href=\"http:\/\/www.devopsonline.co.uk\">Read more from DevOps Online<\/a> | <a href=\"https:\/\/twitter.com\/DevOpsOnline\">Follow us on Twitter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To support its worldwide accounts, Lloyds Bank has merged with 27 other banks to use a technology project known as nostro accounts, which uses blockchain, according to Computer Weekly. Society for Worldwide Interbank Financial Telecommunication (Swift) organised the project that enables banks managing nostro accounts, which makes cross-border payments. \u2018Little intraday reporting coverage\u2019 According to&#8230;<\/p>\n","protected":false},"author":12,"featured_media":9458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[1351],"tags":[1438,139,931,1439,1436,1440,366,1431,1430,1434,1441,1435,1433,1437,899,939,1432],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lloyds Bank&#039;s blockchain tech project has merged with 27 other banks<\/title>\n<meta name=\"description\" content=\"Lloyds Bank&#039;s blockchain tech project enables banks managing nostro accounts, which makes cross-border payments and blockchain to support worldwide accounts\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lloyds Bank&#039;s blockchain tech project has merged with 27 other banks\" \/>\n<meta property=\"og:description\" content=\"Lloyds Bank&#039;s blockchain tech project enables banks managing nostro accounts, which makes cross-border payments and blockchain to support worldwide accounts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/\" \/>\n<meta property=\"og:site_name\" content=\"DevOps Online North America\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-10T13:12:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-07-12T13:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Leah Alger\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DevOpsAmerica\" \/>\n<meta name=\"twitter:site\" content=\"@DevOpsAmerica\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leah Alger\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/\"},\"author\":{\"name\":\"Leah Alger\",\"@id\":\"https:\/\/devopsnews.online\/#\/schema\/person\/d705a7d7c56b625b482e9b13a8e49a2c\"},\"headline\":\"Lloyds Bank\u2019s blockchain tech project\",\"datePublished\":\"2017-07-10T13:12:16+00:00\",\"dateModified\":\"2017-07-12T13:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/\"},\"wordCount\":197,\"publisher\":{\"@id\":\"https:\/\/devopsnews.online\/#organization\"},\"image\":{\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png\",\"keywords\":[\"Australia and New Zealand Banking Group\",\"banking\",\"BNP Paribas\",\"BNY Mellon\",\"coverage\",\"DBS Bank\",\"finance\",\"lloyds\",\"lloyds bank\",\"payments\",\"RBC Royal Bank\",\"reporting\",\"Swift\",\"swift lab\",\"Technology\",\"Wells Fargo\",\"Worldwide Interbank Financial Telecommunication\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/\",\"url\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/\",\"name\":\"Lloyds Bank's blockchain tech project has merged with 27 other banks\",\"isPartOf\":{\"@id\":\"https:\/\/devopsnews.online\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png\",\"datePublished\":\"2017-07-10T13:12:16+00:00\",\"dateModified\":\"2017-07-12T13:10:00+00:00\",\"description\":\"Lloyds Bank's blockchain tech project enables banks managing nostro accounts, which makes cross-border payments and blockchain to support worldwide accounts\",\"breadcrumb\":{\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage\",\"url\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png\",\"contentUrl\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png\",\"width\":640,\"height\":400,\"caption\":\"curtail\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/devopsnews.online\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lloyds Bank\u2019s blockchain tech project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/devopsnews.online\/#website\",\"url\":\"https:\/\/devopsnews.online\/\",\"name\":\"DevOps Online North America\",\"description\":\"by 31 Media Ltd.\",\"publisher\":{\"@id\":\"https:\/\/devopsnews.online\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/devopsnews.online\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/devopsnews.online\/#organization\",\"name\":\"DevOps Online North America\",\"url\":\"https:\/\/devopsnews.online\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/devopsnews.online\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2020\/03\/DevOpsOnline_email.png\",\"contentUrl\":\"https:\/\/devopsnews.online\/wp-content\/uploads\/2020\/03\/DevOpsOnline_email.png\",\"width\":198,\"height\":64,\"caption\":\"DevOps Online North America\"},\"image\":{\"@id\":\"https:\/\/devopsnews.online\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/DevOpsAmerica\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/devopsnews.online\/#\/schema\/person\/d705a7d7c56b625b482e9b13a8e49a2c\",\"name\":\"Leah Alger\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/devopsnews.online\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ac9e809e8ffafd8330210900bac04c0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ac9e809e8ffafd8330210900bac04c0?s=96&d=mm&r=g\",\"caption\":\"Leah Alger\"},\"url\":\"https:\/\/devopsnews.online\/author\/leah-alger\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lloyds Bank's blockchain tech project has merged with 27 other banks","description":"Lloyds Bank's blockchain tech project enables banks managing nostro accounts, which makes cross-border payments and blockchain to support worldwide accounts","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/","og_locale":"en_US","og_type":"article","og_title":"Lloyds Bank's blockchain tech project has merged with 27 other banks","og_description":"Lloyds Bank's blockchain tech project enables banks managing nostro accounts, which makes cross-border payments and blockchain to support worldwide accounts","og_url":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/","og_site_name":"DevOps Online North America","article_published_time":"2017-07-10T13:12:16+00:00","article_modified_time":"2017-07-12T13:10:00+00:00","og_image":[{"width":640,"height":400,"url":"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png","type":"image\/png"}],"author":"Leah Alger","twitter_card":"summary_large_image","twitter_creator":"@DevOpsAmerica","twitter_site":"@DevOpsAmerica","twitter_misc":{"Written by":"Leah Alger","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#article","isPartOf":{"@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/"},"author":{"name":"Leah Alger","@id":"https:\/\/devopsnews.online\/#\/schema\/person\/d705a7d7c56b625b482e9b13a8e49a2c"},"headline":"Lloyds Bank\u2019s blockchain tech project","datePublished":"2017-07-10T13:12:16+00:00","dateModified":"2017-07-12T13:10:00+00:00","mainEntityOfPage":{"@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/"},"wordCount":197,"publisher":{"@id":"https:\/\/devopsnews.online\/#organization"},"image":{"@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage"},"thumbnailUrl":"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png","keywords":["Australia and New Zealand Banking Group","banking","BNP Paribas","BNY Mellon","coverage","DBS Bank","finance","lloyds","lloyds bank","payments","RBC Royal Bank","reporting","Swift","swift lab","Technology","Wells Fargo","Worldwide Interbank Financial Telecommunication"],"articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/","url":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/","name":"Lloyds Bank's blockchain tech project has merged with 27 other banks","isPartOf":{"@id":"https:\/\/devopsnews.online\/#website"},"primaryImageOfPage":{"@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage"},"image":{"@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage"},"thumbnailUrl":"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png","datePublished":"2017-07-10T13:12:16+00:00","dateModified":"2017-07-12T13:10:00+00:00","description":"Lloyds Bank's blockchain tech project enables banks managing nostro accounts, which makes cross-border payments and blockchain to support worldwide accounts","breadcrumb":{"@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#primaryimage","url":"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png","contentUrl":"https:\/\/devopsnews.online\/wp-content\/uploads\/2017\/07\/money-1.png","width":640,"height":400,"caption":"curtail"},{"@type":"BreadcrumbList","@id":"https:\/\/devopsnews.online\/lloyds-banks-blockchain-tech-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/devopsnews.online\/"},{"@type":"ListItem","position":2,"name":"Lloyds Bank\u2019s blockchain tech project"}]},{"@type":"WebSite","@id":"https:\/\/devopsnews.online\/#website","url":"https:\/\/devopsnews.online\/","name":"DevOps Online North America","description":"by 31 Media Ltd.","publisher":{"@id":"https:\/\/devopsnews.online\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/devopsnews.online\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/devopsnews.online\/#organization","name":"DevOps Online North America","url":"https:\/\/devopsnews.online\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/devopsnews.online\/#\/schema\/logo\/image\/","url":"https:\/\/devopsnews.online\/wp-content\/uploads\/2020\/03\/DevOpsOnline_email.png","contentUrl":"https:\/\/devopsnews.online\/wp-content\/uploads\/2020\/03\/DevOpsOnline_email.png","width":198,"height":64,"caption":"DevOps Online North America"},"image":{"@id":"https:\/\/devopsnews.online\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/DevOpsAmerica"]},{"@type":"Person","@id":"https:\/\/devopsnews.online\/#\/schema\/person\/d705a7d7c56b625b482e9b13a8e49a2c","name":"Leah Alger","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/devopsnews.online\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0ac9e809e8ffafd8330210900bac04c0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ac9e809e8ffafd8330210900bac04c0?s=96&d=mm&r=g","caption":"Leah Alger"},"url":"https:\/\/devopsnews.online\/author\/leah-alger\/"}]}},"_links":{"self":[{"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/posts\/9457"}],"collection":[{"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/comments?post=9457"}],"version-history":[{"count":0,"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/posts\/9457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/media\/9458"}],"wp:attachment":[{"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/media?parent=9457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/categories?post=9457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devopsnews.online\/wp-json\/wp\/v2\/tags?post=9457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}