Accenture makes interoperability breakthrough for blockchain ecosystems

By Marcus Lawrence
Accenture announced on 22 October that it has successfully developed and tested two solutions that enable two or more blockchain systems to integrate wi...

Accenture announced on 22 October that it has successfully developed and tested two solutions that enable two or more blockchain systems to integrate with each other

By producing solutions that enable interoperability between different distributed ledger technology (DLT) ecosystems, Accenture has opened another door to widespread DLT adoption.

Interoperability has become a critical issue in terms of the viability of blockchain entering the mainstream, as there will inevitably be multiple DLT platforms that become popular in the market. 

By providing a solution that allows for different systems to integrate with each other, Accenture has taken a big step towards quelling fears that a firm may not be investing in the “right” DLT platform, or that the challenge of connecting different platforms together may ultimately lead to roadblocks and is therefore too risky to pursue.

See more:

David Treat, Accenture’s managing director, said:

“This is a game-changer that can help accelerate adoption of blockchain technology. 

“The key challenge was to develop the ability to integrate without introducing ‘operational messaging’ between distributed ledger technology platforms in order to stay true to the principles and benefits of blockchain technology.” 

“Applying this capability with our clients is already unlocking new opportunities to bring ecosystems together, mitigating key concerns about picking the ‘wrong’ platform or having to re-build if one partner uses something different.”

Share

Featured Articles

Schneider Electric: UK&I President Grows Her Europe Presence

Kelly Becker adopts her new role as President of UK & Ireland, Belgium & the Netherlands at Schneider Electric, growing her presence across Europe

DTW24 Ignite: AI to Power the Next Generation of Technology

Technology Magazine is on the ground in Copenhagen at DTW24, highlighting the industry's move towards an AI-Native era

SolarWinds: IT Professionals Worry about AI Integration Risk

A recent trends report by SolarWinds reveals that very few IT professionals are confident in their organisation's readiness to integrate AI

Qlik's Julie Kae: Leveraging Data to Improve Sustainability

Data & Data Analytics

Study: More than Half of Companies Lack AI Innovation Skills

Digital Transformation

Devoteam Expands into UK Market, Acquires Ubertas Consulting

Cloud Computing