Tech giant Accenture technology has come up with two solutions which claim to solve the issues of interoperability between blockchain platforms. This persistent trouble has been a roadblock for the developers of the trade finance domain. The major pain point seems to have received a solution from Accenture at Sibos in Sydney lately. The company officials promised that this is going to be a game changer in the field of future technology and will also help in the accelerated adoption of the same.
The two developed solutions have been already tested; there have been several trials already conducted which proves that they are capable of linking platforms such as R3’s Corda and Hyperledger Fabric. It is known that these are two widely accepted blockchain frameworks among trade finance banks. The word interoperability has remained a buzzword during the entire week in Sydney along with issues like scalability and integration of blockchain technology within conventional systems.
Accenture technology head of blockchain practice, David Treat stated that their teams have conducted tests and are working now with the first set of clients in the integration of these solutions. He further added that the prime challenge was to develop the capability to assimilate sans operational messaging between different platforms as mentioned by Accenture Newsroom.
The tech giant solutions demonstrated that there is a possible sharing of information and data across the network proving that there is a genuine possibility of integration between different blockchain systems.
Blockchain Challenges
Apart from interoperability, there are several other challenges to be faced in blockchain technology before they get established and adopted by everyone in the market. It includes issues like regulation and governance, scalability, latency, sunk costs, security, energy intensiveness, and most importantly public understanding. (Via Accenture)
Tech giants like Accenture technology and many other leading MNC’s are working on the accelerated adoption techniques of blockchain powered systems. But, there is still a long way to go.
The post Accenture Technology Gearing Up To Resolve Blockchain Interoperability Issues appeared first on OWLT Market.
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