SIA, a European fee providers enterprise, and U.Okay.-based know-how firm Quant Community efficiently examined cross-blockchain interoperability between totally different protocols, SIA said.
SIA and Quant Community first announced their partnership on June 5. Their goal is to work on cross-platform functions 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 corporations had been capable of combine Overledger know-how inside SIAchain and bridge permissioned blockchain actions. SIA stated this permits for cross-platform functions equivalent 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 resolution 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 growing and implementing progressive functions based mostly on blockchain know-how.
— to cointelegraph.com