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Consultancy giant Accenture says existing blockchain platform integration presented âkey challenges,â which it seeks to solve with its interoperability tool.
Global management consultancy firm Accenture revealed a new blockchain tool in a press release Oct. 22, its second in a month focusing on interoperability.
A week after announcing a supply chain partnership with Thailandâs Siam Commercial Bank, Accenture said its latest offering facilitated existing enterprise blockchain systems to integrate with one another.
Specifically, blockchain platform Digital Asset can now work in tandem with R3âs Corda platform, while Hyperledger Fabric and JPMorganâs Quorum form another interoperable pair.
Discussing the two separate solutions, which the company has already tested, managing director and Global Blockchain Lead David Treat described them as a âgame changer.â
âThe key challenge was to develop the ability to integrate without introducing âoperational messagingâ between distributed ledger technology platforms in order to stay true to the principles and benefits of blockchain technology,â he commented, continuing:
âApplying this capability with our clients is already unlocking new opportunities to bring ecosystems together, mitigating key concerns about picking the âwrongâ platform or having to re-build if one partner uses something different.â
All four blockchain platforms continue to see success in enterprise uptake worldwide, making their way into systems throughout various sectors of the global economy.
For its most recent deal in Thailand, Accenture also opted for a single system, using Corda as the basis for its so-called Procure-to-Pay product.
âWe have said right from the beginning that interoperability is key to avoiding the trapped assets and silos of the past,â R3âs CTO Richard Gendal Brown added in this weekâs press release.
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