Accenture, a global management consulting and professional services firm that provides strategy, consulting, digital, technology and operations services has recently announced a new blockchain tool that focuses on interoperability.
The news came into light after the week when the company announced a supply chain partnership with Siam Commercial Bank based in Thailand. With this, the company said in its statement that the latest offerings will support the existing enterprise blockchain systems in order to leverage each other.
The entire blockchain platform – Digital Asset will work on the R3’s Corda platform. Besides this, Hyperleder Fabric and JPMorgan’s Quorum will constitute another interoperable pair.
Further elaborating the concept over the two separate solutions, David Treat, managing director, and Global Blockchain Lead described it as a “Game Changer”. He further commented saying that “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.”
Further speaking to the subject matter, he said, “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.”
Collectively all four blockchain platforms are poised to reveal the enterprise global success more comprehensively by creating their way into the systems across a variety of sectors in the entire ecosystem and global economy as well.
While explaining more about the recent strategic deal executed in Thailand, Accenture selected a single system that runs through Corda as the basis for its renowned Procure to Pay Product.
Amid this, Richard Gendal Brown, R3’s CTO profusely said in his statement that “We have said right from the beginning that interoperability is key to avoiding the trapped assets and silos of the past.”
Sourced from CryptoNewz