Monday 8 July 2024
A brand new case examine showcases the profitable implementation of cross-chain Supply versus Cost (DvP) settlement utilizing EEA DLT Interoperability Specification
The Enterprise Ethereum Alliance (EEA) right now launched a brand new case examine right now demonstrating a profitable implementation of its Distributed Ledger Know-how (DLT) Interoperability Specification. The Distributed Ledger Applied sciences Interoperability Case Examine highlights a Supply versus Cost (DvP) settlement course of involving a number of DLT networks.
Key highlights of the case examine embody:
Profitable interoperability between a personal permissioned Corda community for securities administration and a personal permissioned Ethereum community for funds
Implementation of atomic settlement as per the definition of the Financial institution of Worldwide Settlements, to make sure that the switch of 1 asset happens if and provided that the switch of the opposite asset additionally happens.
Utilization of the EEA DLT Interoperability Specification to allow safe cross-chain communication
Collaboration between EEA members and business leaders HQLAx, Fnality Worldwide, Adhara, QualitaX, Wanchain.
This case examine represents a major milestone within the journey towards standard-driven DLT interoperability implementations. It showcases how adherence to the EEA DLT Interoperability Specification can overcome challenges in communication between distinct DLT platforms, facilitating a extra built-in world monetary system. It gives insights into the advantages of DLT in securities transactions, together with real-time settlement, improved effectivity, and diminished counterparty dangers.
The total case examine is offered for obtain on the EEA web site. For extra details about the EEA DLT Interoperability Specification and the way it can assist your group’s DLT interoperability infrastructure, please go to entethalliance.org
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