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SIA & Quant Network announce successful testing of cross-blockchain interoperability

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June 24, 2020

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SIAEuropean hi-tech company, SIA along with enterprise blockchain technology provider, Quant Network have tested cross-blockchain interoperability between multiple Distributed Ledger Technology protocols, today. This was achieved with the integration of Quant’s Overledger technology into SIAchain private blockchain infrastructure. The companies stated that the integration would connect permissioned blockchain instances between SIAchain and other external networks.

“The partnership between Quant Network and SIA has been extremely positive and productive from the very start,” said Gilbert Verdian, CEO, Quant Network, “and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally.”

SIA stated that the development of the solution began in mid-2019 and has been executed on SIAchain, R3 Corda and private Ethereum platforms. The partnership will allow banks and financial institutions to adopt cross-platform and interoperable blockchain solutions, through the SIAChain infrastructure. The achievement of a fully interoperable blockchain network, through our collaboration with Quant Network, is another key element in our path of bringing innovation and state-of-the-art technologies for supporting banks, financial institutions, corporates and public administration bodies to extend their capabilities in integrating different DLT business applications” said Daniele Savarè, Innovation & Business Solutions Director SIA.

Recently, SIA renewed its agreement with the Italian State Police for combating cybercrimes that involve the information systems and services of Italy’s critical infrastructure. The agreement was signed between the Chief of Police – Director General of Public Security Franco Gabrielli and Chief Executive Officer of SIA Nicola Cordone.

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