Quant Network and SIA successfully tested blockchain interoperability

25 iunie 2020

The breakthrough was achieved by integrating Quant Network’s Overledger technology into the SIAchain private blockchain infrastructure to enable cross-platform applications and services in Europe and globally.

Quant Network, a leading pioneer in enterprise blockchain technology, and SIA, European hi-tech company leader in the fields of payment services and infrastructures and a subsidiary of CDP Equity, „have successfully tested cross blockchain interoperability between multiple Distributed Ledger Technology protocols,” according to the press release.

The breakthrough was achieved by integrating Quant Network’s Overledger technology (the world’s only DLT operating system that allows interoperability) into the SIAchain private blockchain infrastructure leveraging on 580 European network nodes within SIAnet (the fiber optic network with high-speed and low-latency stretching over 208,000 kilometres).
„This integration provides the ability to bridge permissioned blockchain instances between SIAchain and other external networks – which could not be previously connected – in order to have cross-platform applications and services covering for example notarisation, payments and KYC,” SIA said.

The development of the solution began in mid-2019 and a full program of testing has been executed on SIAchain, R3 Corda and private Ethereum platforms.
Quant Network and SIA will now work together to go to the market developing and implementing further innovative use cases and applications addressing blockchain interoperability challenges.

This important milestone is the result of a partnership launched between Quant Network and SIA that allows mostly banks and financial institutions – through the SIAchain infrastructure – to adopt cross-platform and interoperable blockchain solutions and to embrace new business models, improve operational efficiencies and deliver innovation to banking customers.

The partnership between Quant Network and SIA has been extremely positive and productive from the very start,” said Gilbert Verdian, CEO, Quant Network, “and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally.”

The achievement of a fully interoperable blockchain network, through our collaboration with Quant Network, is another key-element in our path of bringing innovation and state-of-the-art technologies for supporting banks, financial institutions, corporates and public administration bodies to extend their capabilities in integrating different DLT business applications,” said Daniele Savarè, Innovation & Business Solutions Director SIA.

Adauga comentariu

Noutăți
Cifra/Declaratia zilei

Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?