Blockchain Integration Framework (BIF)

2019: Disclosure of source codes

At the beginning of December, 2019 Accenture opened source codes of the Blockchain Integration Framework (BIF) platform which provides interaction between different corporate a blockchain systems and networks. The new solution supports Hyperledger Fabric, Quorum and Corda R3.

Demand for platforms of interaction of corporate blockchains quickly grows. Retail chain stores should exchange data with each other, and the banks participating in networks of trade financing wish to use data from different blockchains.

Accenture opened source codes of the Blockchain Integration Framework (BIF) platform

BIF — not the first attempt of Accenture to solve a compatibility issue different a blockchain programs. In 2017 the company already used other project, but because of the need for the centralized server was forced from it to refuse. Unlike the predecessor, should work with BIF "without intermediaries".

Confirmation of compatibility of blockchains using BIF assumes that several parties validate the exported data. Each network has a set of "compatibility validators". These validators confirm that outgoing data are valid. The network of the second blockchain can verify this statement on the basis of public keys of validators of the first chain.

Important aspect of such interaction is management of identification. Each network will be able to manage identification of the participants for what the structure of Hyperledger Indy is integrated into the platform. Other functions include the atomic swaps allowing to exchange one cryptocurrency for another in real time without intermediaries. If one of stages of transaction or exchange does not occur properly, also all other stages are automatically cancelled that allows to avoid a situation when the cryptocurrency was transferred, but the payment was not complete.^[1]

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