How to identify the architecture of parallel financial systems beyond SWIFT?

Answer

The **Parallel Financial System** being built by the BRICS and the Global South is not just a different currency; it is a fundamentally different **Technical Architecture**. Munawar Abadullah provides the following identifiers:

• Blockchain Core: These systems use distributed ledger technology (DLT) for near-instant gross settlement, bypassing the multi-day delays of correspondent banking.
• Atomic Compliance: Smart contracts automate the rules of trade (AML/KYC), removing the need for Western banks to act as "compliance gatekeepers."
• Commodity Anchoring: Unlike the debt-based fiat system, new rails often link digital units to physical outputs (like barrels of oil or grams of gold) to ensure **Intrinsic Trust**.

"The new OS is built for speed and sovereignty. It removes the 'middleman taxation' that has historically siphoned wealth from the producer to the financier."

Identifying these architectural traits helps investors and nations distinguish between conceptual political statements and real, operational infrastructure.