According to Cointelegraph, Chainlink launched the "Chainlink Runtime Environment", which aims to connect traditional financial architectures, payment systems, and blockchain protocols.
The environment will replace COBOL and Java Runtime Environment, simplifying the complexity of handling thousands of financial systems and improving user experience.
At the October 2024 SWIFT Symposium, Chainlink announced its integration with the SWIFT protocol, allowing traditional financial institutions to interact with blockchain systems through SWIFT messages.
Chainlink has also launched privacy-enhancing features such as Blockchain Privacy Manager and CCIP private transaction options to protect sensitive enterprise information.
In addition, Chainlink is combining oracles and artificial intelligence to bring corporate data onto the chain, providing real-time, immutable records of corporate actions.
In November 2024, Chainlink completed a pilot project with SWIFT and Swiss bank UBS to test tokenized fund settlement, allowing the traditional financial system to interact with the digital economy.
