As the blockchain industry grows rapidly every day, the number of isolated blockchains is growing as well. Not only do they all provide different data, they also each serve a different purpose. In the long run, this situation will lead to fragmentation and the need for separate blockchains for every request.
There is also huge demand for blockchain interoperability from businesses. At present, the industry needs to make enormous investments into creating a solution for every specific need.
Rafael Belchior PhD, talks about his vision for blockchain interoperability in 2021, its current state and future prospects.
Covering:
Introduction
Why does interoperability matter?
Crypto market state and blockchain security cases
Integration issues
Gartner Hype Cycle: where are we now?
Research trends of interoperability
Possible solution review:
sidechains
notary schemes
Hashed Timelock Contracts (HTLc)
blockchain of blockchain
hybrid connectors
Standards and supporting technologies
Future directions for blockchain interoperability studies
Conclusions
Q&A
What is the biggest challenge concerning blockchain interoperability?
Can you reach real interoperability between blockchains based on a different consensus?
Rather than research and design, what options are implemented now?
#Blockchain #forecast