SIA, a European cost providers enterprise, and U.Okay.-based expertise firm Quant Community efficiently examined cross-blockchain interoperability between totally different protocols, SIA mentioned.
SIA and Quant Community first introduced their partnership on June 5. Their goal is to work on cross-platform purposes and providers for banks and monetary establishments. The partnership goals to combine Quant Community’s blockchain working system Overledger into SIA’s SIAchain infrastructure and allow interoperability. It hopes to deliver options to challenges that monetary establishments are dealing with with blockchain integration.
Each companies have been in a position to combine Overledger expertise inside SIAchain and bridge permissioned blockchain actions. SIA mentioned this enables for cross-platform purposes comparable to notarization, funds, and know-your-customer or KYC providers.
Further testing is now ongoing on SIAchain, R3’s Corda, and personal Ethereum networks. Quant Community and SIA goal to deliver this cross-blockchain answer to the market and search for additional use instances.
SIAchain is a personal infrastructure leveraging 570 European community nodes inside SIAnet. It helps monetary establishments, corporates and public administration our bodies in creating and implementing progressive purposes primarily based on blockchain expertise.
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