At a New York event today, R3 will announce the launch of a new open source blockchain interoperability solution Harmonia, in collaboration with Adhara. The announcement coincides with the latest release of its enterprise blockchain Corda.
Last December, a trial enabled interoperability between R3’s Corda enterprise blockchain and enterprise Ethereum (Hyperledger Besu). The experiment supported a repo transaction involving DLT collateral network HQLAᵡ and payment solution Fnality, where Adhara is the technology partner. Banks such as Goldman Sachs, Santander and UBS were involved.
Harmonia, a Hyperledger Lab, aims to enable cross-chain atomic settlement for institutional financial transactions in which either both legs of a transaction succeed or fail. A key goal is for this to be trustless so there isn’t a dependence on an intermediary.
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