Double Standards: The Coming Push for Blockchain Interoperability

While bitcoin’s public-facing, immutable ledger has proven resilient to attacks (and a mostly reliable way to transact peer-to-peer), businesses are still looking for something else to meet their volume and privacy requirements.

Post by  (@DelRayMan) | Published on Oct 12, 2016 by Coindesk

Yet, this search for alternatives has prompted problems of its own. In an effort to build products that meet diverse demands, using varied and often incompatible technologies, consortia have formed to help standardize the way financial institutions and enterprises build with blockchain.

At the core of the effort is a conflict over whether numerous blockchains with different technological features might replicate the complexity and inefficiencies of the current system, or otherwise slow down innovation.

Working behind the scenes in this delicate balancing act are multiple standards-making bodies around the world, as well as startups and corporations. However, it remains to be seen if these efforts will yield the desired results.

……Read The full article at Coindesk

Gary Wright

Gary Wright

Gary Wright is a leader in financial market innovation based on in depth knowledge of financial markets processes and specialising in data.
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