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Blockchain Interoperability—What are the Key Drivers?

Blockchain Interoperability—What are the Key Drivers?

Blockchain Interoperability, the ability to connect different blockchain ecosystems, is gaining a lot of traction today. But, first of all, it is necessary to understand if we need interoperable blockchains. What problems do they solve? Or will they create more troubles? And finally, what are the various challenges involved in going down the path of interconnecting blockchains?

IBM and Oracle Collaborate on Interoperability Work for Their Blockchains to Communicate With Each Other

IBM and Oracle Collaborate on Interoperability Work for Their Blockchains to Communicate With Each Other

IBM and Oracle have announced that they are collaborating to build an interoperability initiative to allow their blockchains to be able to communicate with each other.

Exclusive: How to Achieve Interoperability Between Polkadot and Bitcoin?

Exclusive: How to Achieve Interoperability Between Polkadot and Bitcoin?

Claimed as the candidate of Decentralized Web 3.0 Blockchain interoperability platform, what makes Polkadot so popular? We are glad to speak with Jack Platts, Head of Collaborations of Web3 Foundation to share with us how Polkadot is interoperable with Bitcoin! He also explains the GRANDPA protocol of Polkadot and how Polkadot can interact with Ethereum!

Polkadot: A Decentralized Center for Specialized Blockchain Interoperability

Polkadot: A Decentralized Center for Specialized Blockchain Interoperability

Polkadot could be one of the most carefully crafted blockchain projects to date, allowing for better coordination and communication between blockchains.

Wormhole Network Expands its Interoperability by Adding Support for Blast

Wormhole Network Expands its Interoperability by Adding Support for Blast

Wormhole, a leading interoperability platform, now supports Blast, an Ethereum L2 solution offering native yields for ETH and stablecoins.

Exploring LayerZero (ZRO): A Breakthrough in Blockchain Interoperability

Exploring LayerZero (ZRO): A Breakthrough in Blockchain Interoperability

LayerZero (ZRO) aims to redefine the landscape of Decentralized Applications and cross-chain interactions by addressing blockchain interoperability.

Wormhole Implements Flow-Canceling Governor to Enhance Transaction Efficiency

Wormhole Implements Flow-Canceling Governor to Enhance Transaction Efficiency

Wormhole introduces a flow-canceling Governor mechanism to minimize delays and support more transactions, ensuring security and efficiency in cross-chain transfers.

Understanding Wormhole Guardians: The Backbone of Cross-Chain Interoperability

Understanding Wormhole Guardians: The Backbone of Cross-Chain Interoperability

Explore the role of Guardians in Wormhole's cross-chain interoperability, ensuring secure and reliable blockchain transactions.

Mastercard Unveils Interoperable CBDC in Australia

Mastercard Unveils Interoperable CBDC in Australia

Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.

ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support

ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support

ZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.

Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade

Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade

Vodafone's Digital Asset Broker and Chainlink Labs, in partnership with Sumitomo Corporation and InnoWave, have developed a proof of concept to improve the global trade ecosystem. The initiative aims to facilitate the seamless exchange of trade documents across various platforms and blockchains, reducing fragmentation and inefficiencies. The collaboration uses Chainlink's Cross-Chain Interoperability Protocol for security and interoperability, paving the way for smart contract, blockchain, and AI applications.

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium

Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps).

India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform

India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform

In the latest development, India’s largest port operator announced on May 27 it is adopting blockchain technology through its shipping and invoicing business.

Multicoin Capital invests in Wormhole to enhance crypto interoperability

Multicoin Capital invests in Wormhole to enhance crypto interoperability

Multicoin Capital leads $225 million funding round for Wormhole, a leading multichain solution with over $41 billion assets and 30 chains, focusing on user experience and zero-knowledge verification technology.

Blockchain Technology in the Healthcare Market Expected to Contribute $121Bn by 2030

Blockchain Technology in the Healthcare Market Expected to Contribute $121Bn by 2030

Blockchain technology in the healthcare market is expected to reach an annual growth rate (CAGR) of 68.3% between 2022 and 2030, according to a study by Market Research Future (MRFR).

IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain

IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain

IBM Food Trust was first launched in August 2017, with 10 Foundation members aiming to use blockchain in food traceability to solve issues in the food supply chain. Prior to the launch, IBM, Walmart and Tsinghua University announced a collaboration to improve the way food is tracked, transported and sold to customers in China. Juniper Research recently announced that IBM Food Trust is one of the leading blockchain players in the food provenance space.

SPACE ID and Polyhedra Unite for .zk Domain and ZK Interoperability

SPACE ID and Polyhedra Unite for .zk Domain and ZK Interoperability

SPACE ID collaborates with Polyhedra Network, launching .zk domains and enhancing Web3 interoperability with ZK proofs and a community airdrop.

Paxful to Boost Financial Inclusion with Its First Crypto Debit Card

Paxful to Boost Financial Inclusion with Its First Crypto Debit Card

Bitcoin trading platform Paxful announced that it will be adding a crypto debit card to its financial services.

How Can Blockchain in IoT Market Grow 180 times by 2026?

How Can Blockchain in IoT Market Grow 180 times by 2026?

Internet of Things (IoT) is now influencing our day-to-day lives. Today, blockchain has emerged as the probable solution for creating more secure IoT systems. With delegation in place, computation and storage needs can be spread across millions of IoT devices. Thus, the use of blockchain in IoT is benefiting the IoT devices to proficiently scale up. Also, assimilating the blockchain in IoT devices can cut the costs of managing and installing servers for an IoT network.

EOS EVM Mainnet Launch Improves Interoperability Between EOS and Ethereum

EOS EVM Mainnet Launch Improves Interoperability Between EOS and Ethereum

The EOS Network Foundation has launched the EOS EVM mainnet, which emulates Ethereum's Virtual Machine and aims to improve interoperability between EOS and Ethereum. This allows for the deployment of decentralized applications (DApps) written in Solidity, offering access to lower fees and faster transactions of the EOS network. Other projects have also been prioritizing EVM compatibility, including Astar Network's smart contracts and Polygon's zkEVM.

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.

DTCC to Acquire Securrency, Advancing in Digital Asset Infrastructure

DTCC to Acquire Securrency, Advancing in Digital Asset Infrastructure

DTCC announces its strategic acquisition of digital asset infrastructure specialist, Securrency. This move will bolster DTCC's digital asset offerings and streamline the integration of blockchain technology.

Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement

Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement

Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.

Digital Transaction announces world’s fastest web-scale blockchain and launches its utility token XPLL

Digital Transaction announces world’s fastest web-scale blockchain and launches its utility token XPLL

Digital Transaction the company behind the ParallelChain™ blockchain has launched its utility token XPLL, giving investors the opportunity to stock up during its pre-sales stages

NEAR and Polygon Partner to Launch zkWASM

NEAR and Polygon Partner to Launch zkWASM

NEAR Foundation and Polygon Labs are collaborating on zkWASM, a zero-knowledge prover for WASM blockchains, to enhance interoperability with Ethereum and improve scalability and decentralization.

Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery

Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery

Hedera and Algorand ecosystems have united to form the DeRec Alliance, introducing a new standard for simplified and secure digital asset recovery, aiming to revolutionize the Web3 experience.

ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains

ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains

ENS Domains introduces the EVM Gateway, an open-source platform enhancing interoperability between L1 and L2 chains, promoting a more connected and efficient blockchain ecosystem.

From Zero Mentions to a Dedicated Section in CINIC Report: How Fast is Blockchain Growing in the Chinese Internet Industry

From Zero Mentions to a Dedicated Section in CINIC Report: How Fast is Blockchain Growing in the Chinese Internet Industry

The China Internet Network Information Centre (CINIC) recently published “The 45th China Statistical Report on Internet Development”. Compared to the previous issue, it is worth noting that the CINIC covered blockchain development as a dedicated section in the latest report. The report highlighted the rapid blockchain development of China in three aspects: regulation, technical development and applications.

Radix and LayerZero Partner to Enhance Web3 Interoperability

Radix and LayerZero Partner to Enhance Web3 Interoperability

Radix has partnered with LayerZero to integrate LayerZero with the Radix Babylon public network, encouraging cross-chain communication and asset transfers to the Radix ecosystem. Interoperability enables decentralized applications to collaborate and integrate, broadening the scope of features they offer, enhancing functionality, and improving security.

Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability

Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability

Flow blockchain unveils proposal for full EVM equivalence, bridging Ethereum dApp ecosystem with Flow’s unique capabilities. The move aims to enhance composability, interoperability, and user experience across the blockchain space.

Cardano to Launch ERC-20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin

Cardano to Launch ERC-20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin

Cardano founder and IOHK CEO Charles Hoskinson recently announced in his YouTube video that the current roadmap for the Shelley hard fork will be going according to plan, scheduled on July 29, 2020.

Hyperledger's Brian Behlendorf on Blockchain Interoperability, China's BSN, ID2020 and CBDC

Hyperledger's Brian Behlendorf on Blockchain Interoperability, China's BSN, ID2020 and CBDC

Brian Behlendorf, Executive Director of Hyperledger discusses open-source software development and blockchain technology, China's BSN, ID2020, and CBDC.

World Bank Pushes to Raise the Bar for FinTech and DLT for Cross-Border Interoperability and Financial Inclusion

World Bank Pushes to Raise the Bar for FinTech and DLT for Cross-Border Interoperability and Financial Inclusion

The World Bank Group has recently published a study, issued by the Bank for International Settlements (BIS) on “Payment aspects of financial inclusion in the FinTech era,” highlighting the concepts derived using blockchain, including stablecoins, and central bank digital currencies (CBDCs).

Ethereum Istanbul Hard Fork Successfully Completed and Supported by Major Exchanges

Ethereum Istanbul Hard Fork Successfully Completed and Supported by Major Exchanges

Ethereum has successfully hit block number 9,069,000, where the Istanbul hard fork has been completed. Istanbul is Ethereum’s eighth hard fork overall, addressing issues such as denial-of-service attack resilience, interoperability with equihash-based proof-of-work and gas costs, which is the cost to send a transaction on the Ethereum network.

Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

Today marks the kickoff of the Gartner IT Symposium/Xpo 2019, with Blockchain being one of the technologies that this event plans to tackle, there is also a major interest in how this technology will be affecting some industries in the coming years

Exclusive: Can Web3 Foundation Achieve a Truly Decentralized Web?

Exclusive: Can Web3 Foundation Achieve a Truly Decentralized Web?

Following the technical underpinnings of Polkadot in Part 1, Jack Platts, Head of Collaborations Web3 Foundation reveals their effort towards the goal of decentralized web! He also explained the governance and technical challenges in achieving a decentralized web!

Moody’s: Blockchain Technology to be Standardized in 2021

Moody’s: Blockchain Technology to be Standardized in 2021

A research report published on September 5th by financial services company Moody’s stated that blockchain technology would most likely be standardized in 2021.

Machine Learning Network Fetch.ai Shares Vision of Interoperable Blockchains

Machine Learning Network Fetch.ai Shares Vision of Interoperable Blockchains

Fetch.ai has a vision: to bring machine learning services to every ledger and blockchain.

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