Consultancy Firm Accenture Targets Enterprise Blockchain Interoperability With Fresh Tool

Global management consultancy firm Accenture revealed a new blockchain tool in a press release Oct. 22, its second in a month focusing on interoperability.

A week after announcing a supply chain partnership with Thailand’s Siam Commercial Bank, Accenture said its latest offering facilitated existing enterprise blockchain systems to integrate with one another.

Specifically, blockchain platform Digital Asset can now work in tandem with R3’s Corda platform, while Hyperledger Fabric and JPMorgan’s Quorum form another interoperable pair.

Discussing the two separate solutions, which the company has already tested, managing director and Global Blockchain Lead David Treat described them as a “game changer.”

“The key challenge was to develop the ability to integrate without introducing ‘operational messaging’ between distributed ledger technology platforms in order to stay true to the principles and benefits of blockchain technology,” he commented, continuing:

“Applying this capability with our clients is already unlocking new opportunities to bring ecosystems together, mitigating key concerns about picking the ‘wrong’ platform or having to re-build if one partner uses something different.”

All four blockchain platforms continue to see success in enterprise uptake worldwide, making their way into systems throughout various sectors of the global economy.

For its most recent deal in Thailand, Accenture also opted for a single system, using Corda as the basis for its so-called Procure-to-Pay product.

“We have said right from the beginning that interoperability is key to avoiding the trapped assets and silos of the past,” R3’s CTO Richard Gendal Brown added in this week’s press release.

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Chinese Retail Giant JD.com Launches Enterprise Blockchain-as-a-Service Platform

Chinese e-commerce giant JD.com has revealed its new Blockchain-as-a-Service (BaaS) platform in a press release published today, August 17.

The new tool, dubbed JD Blockchain Open Platform, aims to enable businesses to build, host and implement blockchain solutions without having to develop the technology from scratch.

According to the press release, the service will offer smart contract functionality for “public and private enterprise clouds.” JD outlines a range of potential use cases for the platform:

“The technology can help companies streamline operational procedures such as tracking and tracing the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights, and enhance productivity.”

JD presents the BaaS tool as the “latest expansion” of its Retail as a Service (RaaS) strategy, through which it aims to make advanced technologies and infrastructure accessible to other businesses and industries.

The platform will host an app store that offers different “blockchain bottom layers, tools and software” that have either been developed in-house or by independent software developers. While these latter are not specified in the press release, JD says it will oversee and implement “stringent quality control over the offerings on the app store.”

The first partner to use the platform is reportedly the China Pacific Insurance Company (CPIC) for creating a blockchain-based electronic invoice system to trace “fapiao” — the Chinese term for official tax authority-approved invoices.

As Cointelegraph has reported, major firms including WeChat giant Tencent, alongside China’s municipal authorities, have recently been turning to blockchain-based e-invoice systems in order to achieve a frictionless link between enterprise and consumer entities and state tax services.

While JD is by no means a newcomer to the blockchain space,  other Chinese corporations have preempted its BaaS offering. In April, telecoms giant Huawei revealed its Hyperledger-powered BaaS tool, which is similarly geared towards cloud-based smart contract development and efficient blockchain solutions for businesses.

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