Monday 8 July 2024
A novel case study highlights the effective execution of cross-chain Delivery versus Payment (DvP) settlement through the EEA DLT Interoperability Specification
The Enterprise Ethereum Alliance (EEA) today published a new case study illustrating a successful execution of its Distributed Ledger Technology (DLT) Interoperability Specification. The Distributed Ledger Technologies Interoperability Case Study emphasizes a Delivery versus Payment (DvP) settlement procedure encompassing various DLT networks.
Major highlights from the case study are as follows:
- Effective interoperability between a private permissioned Corda network for asset management and a private permissioned Ethereum network designed for payments
- Execution of atomic settlement in accordance with the definition of the Bank of International Settlements, ensuring that the transfer of one asset takes place solely if the transfer of the other asset is concurrently completed.
- Application of the EEA DLT Interoperability Specification to facilitate secure cross-chain interactions
- Collaborative efforts among EEA members and industry frontrunners HQLAx, Fnality International, Adhara, QualitaX, Wanchain.
This case study marks a significant achievement in the advancement of standard-driven DLT interoperability implementations. It demonstrates how following the EEA DLT Interoperability Specification can address barriers in communication across various DLT platforms, leading to a more integrated international financial system. It provides valuable insights into the advantages of DLT in securities transactions, such as real-time settlement, enhanced efficiency, and diminished counterparty risks.
The complete case study can be downloaded from the EEA website. For further details about the EEA DLT Interoperability Specification and how it can assist your organization’s DLT interoperability framework, please visit entethalliance.org
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