The future of interoperable blockchains

As more traditional businesses adopt blockchain technology, there is a growing demand for blockchains to be able to work and integrate with legacy data systems. Today, most blockchain infrastructures are siloed and hence lack the ability to interact with another blockchain. In addition, it is challenging for legacy systems (where most of the world's data is currently stored) to communicate with public and private blockchains. Without a secure universal interoperability solution, blockchain-powered solutions may not become as efficient as promised by their advocates. The time when blockchains can seamlessly interact with one another will be when the power and transparency of blockchain technology can unlock a new efficiency for the many different types of organisations.

Source: Hackernoon

As they stand, blockchains operate using unique rules called protocols which include a method for each blockchain to reach a consensus and thus verify and record a transaction securely. Therefore, diffe…