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Accenture has announced that it has developed and tested two technology solutions that enable interoperability between major blockchain platforms.
In a report, Accenture said that it has developed an approach that enables two or more DLT systems to work together without changes to the DLT platforms or introducing messaging, adding that it has completed the first working prototypes.
In its press release, Accenture explained that its solutions enabled business process synchronization between the blockchain platforms from Digital Asset (DA Platform) and R3 (R3 Corda) as well as Hyperledger Fabric and Quorum. The solutions also demonstrated they could actively share data and information across distributed ledgers, proving that integration is possible across the growing number of distributed ledger platforms in the market.
David Treat, managing director and Global Blockchain Lead, Accenture, said that interoperability between blockchain platforms is a “game changer” and can help accelerate blockchain adoption.
With multiple DLT platforms and different businesses opting for different platforms, interoperability – the ability of these different platforms to integrate – would be eventually required to move forward. For this, Accenture said that these platforms must “preserve the ability to audit, trace and verify data elements with complete security and integrity.”
“Accenture’s technology solutions solve this challenge with an interoperability node that resides, and provides the lines of communication, between two or more DLT platforms,” it added. “The interoperability node includes embedded business logic that contains the business standards, policies and guidelines by which the different blockchain platforms have agreed to work together.”
It further explained that its solution enables integration by “either allowing for the transfer of a tokenized asset on two blockchain platforms or allowing mapping of data to the different blocks that exist in two different blockchain platforms at the same time, with the reference data kept in constant sync.”
The solution eliminates the need for ongoing messaging between different platforms and makes it possible to transfer and maintain an “active state” between the nodes of the separate blockchain platforms, keeping them synchronized.
Accenture said that it will continue to test its technology solutions to establish integration effectiveness between other leading DLT platforms. It has filed two patent applications for key elements of the underlying technology used in the integration technology solution and expects to file additional patent applications in the near future.
Earlier in April, Aion announced the launch of a public blockchain interoperability platform, which allows independently operated blockchains to connect.
