Sunday, November 4, 2018
Accenture Tech Now Connects Corda, Fabric, DA and Quorum Blockchains
Accenture Tech Now Connects 4 Major Blockchains
Revealed at the yearly Sibos conference on Monday, the consulting giant has produced an"interoperability node" that it says may home the business logic of different blockchains -- in other words, the principles which allow them to execute a variety of jobs.
The blockchain direct at Accenture, David Treat, said the bridging of blockchains was performed between Quorum and Hyperledger Fabric, to linking DA and R3 Corda, and the same structure was employed.
The interoperability node provides lines of communication between two or more dispersed ledger technologies (DLT) platforms also includes embedded business logic which contains criteria, policies and guidelines where the different blockchain platforms have agreed to work together, '' he explained.
"We built the first model of an interoperability node to take a seat between Fabric and Quorum and got it to function. We have now built one which incorporates Corda and DA," Heal told CoinDesk. But these really are"two instance builds of the exact same solution pattern; it might operate on any combinations of those four"
Driving demand for this kind of connector, Accenture is now seeing the first use cases which have been progressing over one stage where clients are interested in the ability to work with another ecosystem on a different platform.
"For instance, [there is] a distribution chain ecosystem that is growing on one platform which wishes to utilize a trade finance ecosystem that's on another one," said Treat. He wouldn't name these endeavors, describing, "they aren't prepared to announce that yet. It's coming later."
Accounting for differences
Hence the system may account for distinct latency in consensus that sits on the boards of the two Hyperledger and the Enterprise Ethereum Alliance. "If one ecosystem DLT platform runs significantly faster or otherwise than the other, then a part of the logic from the interoperability node is to decide how to treat this."
For both platforms could mean the two ecosystems, A trade that's relevant agree to wait via some sort of pending state to allow the person to grab, he said.
Treat said that the strict limitations on information sharing on the Corda platform of R3, for instance, could be harmonized with a different blockchain where data is widely broadcast.
"It doesn't matter that R3 uses another data structure, because we're applying the logic in the interoperability node that triggers the use of native DLT system capabilities about how they handle either tokenized assets, reference data or shared information," he said.
Concerning the solution's operation, Treat said the working version used a single interoperability node that introduced limitations.
"On our development pathway, we're researching the ability to have multiple interoperability nodes to discuss and spread the load. And a variant that would not demand one interoperability node at all, but actually just simply be a part of this smart contract logic that any node could run," he added.
Richard Gendal Brown, chief technology officer at R3, said interoperability is key to avoiding silos and the trapped resources of the past.
"We made specific design decisions when building Corda to ensure that software built on our platform can interoperate without friction," Brown stated. "The successful testing of those technology options is a significant step ahead for blockchain development and validates our strategy."
Thursday, September 27, 2018
Incoming Q4 Bitcoin Bull Run? [Cryptocurrency News & Motivation]
Swiss Startup SEBA Gets $103 Million to Create Cryptocurrency Bank
SEBA is reportedly led by former UBS bankers -- Guido Buehler as chief executive and Andreas Amschwand as chairman -- and plans to apply for a banking and securities dealer license from Swiss financial market regulator FINMA. A license would allow the company to conduct crypto trading and investments business for some other banks and qualified investors.
Buehler told Reuters that SEBA aims to become a bridge between traditional banking as well as the cryptocurrency industry. The startup also intends to supply corporate financing, such as consultations on Initial Coin Offerings (ICOs) and other digital asset-related solutions to corporate clients. Amschwand commented about the project:
"In Switzerland we have a commitment from various authorities to set up a comprehensive regulatory environment for the development of blockchain technology and the sustainable, stable growth of crypto assets."
SEBA is likely to expand its operations into financial hubs, starting with Zurich in 2019. Investors that financed SEBA include such companies as BlackRiver Asset Management and Hong Kong-based Summer Capital, Together with other parties out of Switzerland, Singapore, Malaysia, China and Hong Kong.
Before this month, the Swiss Bankers Association (SBA) issued basic guidelines for banks working with blockchain startups so as to prevent a mass crypto exodus from Switzerland because of regulatory arbitrage.
In August, the Maerki Baumann private bank started accepting crypto funds from payment received for services, as well as from crypto mining. Maerki Baumann noted that they're not prepared to provide direct cryptocurrency investments, but provides"experts" to customers considering crypto investing.
In June, Hypothekarbank Lenzburg became the first lender in Switzerland to provide company accounts to blockchain and crypto-related fintech companies. On the other hand, the bank as of June had taken on two companies from the crypto industry, and is allegedly very selective in accepting new customers.
Thursday, August 23, 2018
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