SIA, a European cost companies enterprise, and U.Okay.-based know-how firm Quant Community efficiently examined cross-blockchain interoperability b
SIA, a European cost companies enterprise, and U.Okay.-based know-how firm Quant Community efficiently examined cross-blockchain interoperability between completely different protocols, SIA stated.
SIA and Quant Community first introduced their partnership on June 5. Their purpose is to work on cross-platform purposes and companies 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 corporations had been in a position to combine Overledger know-how inside SIAchain and bridge permissioned blockchain actions. SIA stated this enables for cross-platform purposes similar to notarization, funds, and know-your-customer or KYC companies.
Further testing is now ongoing on SIAchain, R3’s Corda, and personal Ethereum networks. Quant Community and SIA purpose to deliver this cross-blockchain resolution to the market and search for additional use circumstances.
SIAchain is a non-public infrastructure leveraging 570 European community nodes inside SIAnet. It helps monetary establishments, corporates and public administration our bodies in creating and implementing progressive purposes based mostly on blockchain know-how.