Monday, July 8, 2024
A recent case study illustrates the effective execution of cross-chain Delivery versus Payment (DvP) settlement by utilizing the EEA DLT Interoperability Specification
The Enterprise Ethereum Alliance (EEA) has launched a new case study revealing the effective application of its Distributed Ledger Technology (DLT) Interoperability Specification. The Distributed Ledger Technologies Interoperability Case Study emphasizes a Delivery versus Payment (DvP) settlement procedure that involves various DLT networks.
Key takeaways from the case study include:
- Successful interoperability between a private permissioned Corda network for securities management and a private permissioned Ethereum network for payment processing
- Implementation of atomic settlement as defined by the Bank of International Settlements, ensuring that the transfer of one asset is contingent on the transfer of another asset occurring simultaneously.
- Use of the EEA DLT Interoperability Specification to facilitate secure cross-chain communication
- Collaboration among EEA members and industry leaders such as HQLAx, Fnality International, Adhara, QualitaX, and Wanchain.
This case study signifies a crucial achievement in the pursuit of standard-driven DLT interoperability implementations. It illustrates how compliance with the EEA DLT Interoperability Specification can address communication barriers across different DLT platforms, thereby promoting a more cohesive global financial system. It provides valuable insights into the advantages of DLT in securities transactions, including real-time settlement, enhanced efficiency, and diminished counterparty risks.
The complete case study is available for download at the EEA website. To learn more about the EEA DLT Interoperability Specification and how it can enhance your organization’s DLT interoperability framework, please visit entethalliance.org
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