“There’s also a very special case of cross-blockchain interoperability… the case where the networks at each end of the connection turn out to be running the same platform. Intrachain, if you like.”
Richard Brown is Chief Technology Officer at R3, the enterprise software company supported by hundreds of banks, technology firms, regulators, trade associations and professional services firms. His team builds Corda, the world’s most advanced enterprise blockchain platform. What he doesn’t know about blockchain technology isn’t worth knowing.
Richard has long argued that not all blockchain platforms are alike and that the promise of blockchain technology is real with solutions which can eliminate huge amounts of cost, redundancy, error and needless reconciliation across entire business ecosystems, as well as opening up previously hidden new revenue opportunities.
But not all blockchain platforms are alike: Only some designs will be architecturally suited to the challenge. In his latest thought piece for Forbes, Richard takes his original five ingredients for interoperability and expands them to some real-life, tangible examples including the home buying process.
Read the full article here. As a reminder, here Richard’s five ingredients of blockchain:
- We need integration with existing systems
- We need to be able to initiate transactions on other networks
- We need to be able to transact interchain with solutions on other technologies
- We need to be able to transact intrachain with solutions on different deployments of the same technology
- And we need to reduce buyer’s remorse by making it easy to interchange one underlying platform for another