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SIA And Quant Network Blockchain Interoperability Tested Successfully

29 June 2020 16:30, UTC
SIA And Quant Network Blockchain Interoperability Tested Successfully
By Anna Martynova

On June 5, the European payment platform SIA and the British technology company Quant Network announced a partnership in which companies work on cross-platform applications and services for banks and financial institutions.

The goal is to integrate the Quant Network Overledger blockchain operating system into the SIAchain infrastructure and ensure their interoperability. This should solve the problem of blockchain integration for financial institutions.

Both companies have managed to integrate Overledger technology into SIAchain and link approved blockchain operations. Additional tests are currently underway on SIAchain, Corda from R3, and Ethereum private networks. Quant Network and SIA plan to bring this blockchain solution to the market and find other options for its application.

It is known that the SIAchain project supports financial institutions, companies and governments in the development and implementation of innovative blockchain-based applications.

Image courtesy of Cryptopress



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