- ChainLink won the Swift Hackathon 2025 Business Challenge.
- The solution enables fast, compliant, and privacy-focused digital asset settlements across borders and blockchains.
- It uses GLEIF’s vLEI-based digital identity and onchain policy enforcement for compliance.
- The challenge aimed to improve speed, reduce costs, and increase transparency in digital payments.
- Chainlink has over seven years of experience developing innovative blockchain technology solutions.
Chainlink was selected as the winner of the Swift Hackathon 2025 Business Challenge. The event focused on unlocking faster, compliant, and privacy-preserving digital asset settlements across different countries and blockchain platforms. The announcement came as part of an effort to improve payments by enhancing speed, reducing costs, and increasing transparency in digital transactions.
The winning solution from Chainlink leverages GLEIF’s vLEI (virtual Legal Entity Identifier)-based digital identity system. This system enables the enforcement of compliance policies directly on blockchain networks, ensuring regulatory standards are met during cross-border digital asset settlements. The solution supports faster and secure transfers while maintaining privacy and regulatory control.
Speaking on the innovation, representatives from Chainlink highlighted the use of onchain policy enforcement as key to addressing compliance challenges in digital payments. The vLEI-based identity system allows businesses and financial institutions to verify and confirm identities digitally, streamlining processes while avoiding delays due to regulatory checks.
The Swift Hackathon 2025 Business Challenge sought solutions that tackle three critical issues in digital payments: speed, cost efficiency, and transparency. By focusing on these objectives, the challenge encouraged participants to design systems that support real-time payments and improved oversight without sacrificing privacy or compliance.
Chainlink brings more than seven years of experience in blockchain innovation and decentralized oracle networks that provide secure and reliable data inputs for smart contracts. Their participation in the challenge showcased their continued commitment to advancing blockchain technology that addresses practical financial use cases.
Additional details about the solution and the Hackathon outcomes are available from the official Swift Hackathon 2025 announcement.
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