First lets observe some fundamental truths
SWIFT started a proof of concept on January 30 in collaboration with r3, to bring gpi payments to DLT and blockchain based platforms
"To support the growing demand amongst trade ecosystems for secure and reliable settlement, SWIFT has launched a proof of concept (PoC) to trial a new gateway to interlink trade and e-commerce platforms with gpi – the new standard in cross-border payments."
GPI is currently used by hundreds of banks across the globe, and it settles over 300 billion dollars in payments every single day
The goal of this POC was to bring gpi payments to dlt, this is what they call gpi Link
“With the gpi Link, banks will be able to provide rapid, transparent settlement services to e-commerce and trading platforms, opening up whole new ecosystems to the speed, security, ubiquity and transparency of gpi and enabling them to grow and prosper in the new digital economy.
“Given the adoption of the Corda platform by trade ecosystems, it was a natural choice to run this proof of concept with R3.”
"While the PoC initially addresses R3’s DLT-based trade environment, it will be extended to support other DLT, non-DLT and e-commerce trade platforms."
Now what the fuck even is gpi Link? What are the details of its implementation?
SWIFT has intentionally kept the details of gpi Link under wraps, but with some digging we can uncover the secret.
There is a very educational webinar between SWIFT and r3 that requires email registration to gain access (anyone can register, feel free to do so)
Here is the link to the webinar: info.r3.com
Skip to 13:40: "The SWIFT gpi box is actually manifested as an oracle service on a Corda DLT network, they would have access to the gpi Link"