{"id":1813,"date":"2020-12-20T13:08:48","date_gmt":"2020-12-20T13:08:48","guid":{"rendered":"https:\/\/206e8639b743f6c91a7da.admin.hardypress.com\/en\/?p=1813"},"modified":"2021-03-25T08:44:46","modified_gmt":"2021-03-25T08:44:46","slug":"ensuring-computational-trust-for-interoperable-blockchain-systems-meet-idelta","status":"publish","type":"post","link":"https:\/\/206e8639b743f6c91a7da.admin.hardypress.com\/en\/ensuring-computational-trust-for-interoperable-blockchain-systems-meet-idelta.html","title":{"rendered":"Ensuring Computational Trust for Interoperable Blockchain Systems: Meet iDelta"},"content":{"rendered":"<p>We are in a <strong class=\"hw is\">digital transformation<\/strong>. For example, our invoices are now almost always <strong class=\"hw is\">electronically stored<\/strong> instead of having huge piles of paper in the office. With the Coronavirus outbreak, this transformation has been accelerated, for sure. But, what is a good way to store all the <strong class=\"hw is\">data <\/strong>in an immutable manner? You might guess, <strong class=\"hw is\">the<\/strong> <strong class=\"hw is\">blockchain or the distributed ledger<\/strong>. And to level up: <strong>Interoperable blockchain systems!<\/strong><\/p>\n<p id=\"2997\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">As you might know, blockchain is a particular kind of <strong class=\"hw is\">database<\/strong> that differs from a typical one in the way it stores <strong class=\"hw is\">information;<\/strong> blockchains store data in <strong class=\"hw is\">blocks<\/strong> that are <strong class=\"hw is\">chained<\/strong> together. That might seem complicated, but actually, the core concept is really simple.<\/p>\n<p id=\"a8cc\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">The complicated part comes when we want <strong class=\"hw is\"><em class=\"jp\">two blockchains to work together<\/em><\/strong>. Because when a block is filled, it is set in stone and becomes a part of the chain. Each block in the chain is given an <strong class=\"hw is\">exact timestamp<\/strong>. This means that the data is stored <strong class=\"hw is\">chronologically<\/strong> and in an <strong class=\"hw is\">irreversible<\/strong> way. So, if a blockchain is <strong class=\"hw is\">merged<\/strong> with another, it is really difficult to sort out and prove which operation had been done before. This is why we need blockchains to be able to <strong class=\"hw is\">communicate with each other<\/strong> in a frictionless way, which we call <strong class=\"hw is\">interoperable blockchains,<\/strong> to carry our game to the next level.<\/p>\n<h4 id=\"dc5e\" class=\"jq jr fp at js jt ju hz jv jw jx id jy jz ka kb kc kd ke kf kg kh ki kj kk kl cr\">Where Might We Need Interoperable Blockchain Systems?<\/h4>\n<p id=\"bf79\" class=\"hu hv fp hw b hx km hz ia ib kn id ie if ko ih ii ij kp il im in kq ip iq ir fh cr\" data-selectable-paragraph=\"\">Especially in some areas, interoperability might really step up the game! Here we list some of those:<\/p>\n<ul class=\"\">\n<li id=\"f452\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir kr ks kt cr\" data-selectable-paragraph=\"\">\n<h5><strong class=\"hw is\">Smart Electricity Networks<\/strong><\/h5>\n<\/li>\n<\/ul>\n<p id=\"45bf\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">Let\u2019s say you <strong class=\"hw is\">generate electricity<\/strong> and you want to sell it to a company, the one that is paying the fairest price\u2026 All these companies can have their own blockchains to store their records; to leverage all these information stores at the same time, you will need i<strong class=\"hw is\">nteroperability<\/strong> so that the company and client blockchains will be able to <strong class=\"hw is\">communicate <\/strong>with each other.<\/p>\n<ul class=\"\">\n<li id=\"f635\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir kr ks kt cr\" data-selectable-paragraph=\"\">\n<h5><strong class=\"hw is\">Smart Cities<\/strong><\/h5>\n<\/li>\n<\/ul>\n<p id=\"12ab\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">Records of many things happening in the city are kept on <strong class=\"hw is\">blockchains<\/strong>. When these blockchains are to be brought together and <strong class=\"hw is\">optimized<\/strong>, the need for <strong class=\"hw is\">interoperability<\/strong> arises. One example can be a smart city ID management blockchain that can be leveraged by another blockchain on health or transportation management where the services might have been outsourced to private companies.<\/p>\n<ul class=\"\">\n<li id=\"bac1\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir kr ks kt cr\" data-selectable-paragraph=\"\">\n<h5><strong class=\"hw is\">Charity Work<\/strong><\/h5>\n<\/li>\n<\/ul>\n<p id=\"7c65\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\"><strong class=\"hw is\">Municipalities<\/strong> or <strong class=\"hw is\">charities<\/strong> sometimes lance programs where people pay <strong class=\"hw is\">other people\u2019s debts<\/strong>, anonymously. For example, in Turkey, there is a program called \u2018Ask\u0131da Fatura\u2019 lanced by several municipalities. Here, <strong class=\"hw is\">volunteers <\/strong>randomly <strong class=\"hw is\">pay the bills<\/strong> of people who are in need. The process, of course, occurs <strong class=\"hw is\">electronically.<\/strong> Here, there are <strong class=\"hw is\">two blockchains<\/strong>, one of them is where the records of citizen\u2019s bills are stored, and the other is where the payments are recorded. These two need to <strong class=\"hw is\">communicate with each other perfectly<\/strong> so that the process goes <strong class=\"hw is\">smoothly<\/strong>.<\/p>\n<ul class=\"\">\n<li id=\"03e5\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir kr ks kt cr\" data-selectable-paragraph=\"\">\n<h5><strong class=\"hw is\">Loyalty Programs<\/strong><\/h5>\n<\/li>\n<\/ul>\n<p id=\"cbe4\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">We love to gain while we spend, right? This is the main reason why loyalty programs, as known as reward programs, are one of the most popular marketing strategies. Blockchain technology creates frictionless systems for loyalty programs by reducing costs and making the process nearly real-time.<\/p>\n<p id=\"f04e\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">When it comes to interoperable blockchain systems, it becomes even more amazing. With that technology, if you have different companies working on different blockchains, you can make them operate together. As well, if you have a business that makes customers earn points with the purchases they make from several different companies you have an agreement with, interoperable blockchain systems will be your best friend.<\/p>\n<h4 id=\"cab3\" class=\"jq jr fp at js jt ju hz jv jw jx id jy jz ka kb kc kd ke kf kg kh ki kj kk kl cr\">Problem &amp; Solution<\/h4>\n<p id=\"70a3\" class=\"hu hv fp hw b hx km hz ia ib kn id ie if ko ih ii ij kp il im in kq ip iq ir fh cr\" data-selectable-paragraph=\"\">We have mentioned that the core concept of blockchain technology is simple, however, the <strong class=\"hw is\">complicated part<\/strong> comes when we want <strong class=\"hw is\">interoperable blockchain systems<\/strong>. Well, not anymore.<\/p>\n<p id=\"32da\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">Thankfully, we have a scalable <strong class=\"hw is\">solution<\/strong> that seamlessly takes care of all this complexity: meet <a class=\"bw ku\" href=\"https:\/\/www.idelta.eu\/\" rel=\"noopener nofollow\"><strong class=\"hw is\">iDelta<\/strong><\/a>, an international project which is led by us.<\/p>\n<p id=\"f283\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">In situations where data provided by one and data provided by another are combined, a <strong class=\"hw is\">control mechanism<\/strong> where everything is <strong class=\"hw is\">provable <\/strong>is needed. This is where <strong class=\"hw is\">iDelta <\/strong>comes to the scene. As a solution that aims for creating scalable <em class=\"jp\">interoperable<\/em> <strong class=\"hw is\">Distributed Ledger Technologies<\/strong>, enhanced with <strong class=\"hw is\">artificial intelligence<\/strong> to <em class=\"jp\">automate<\/em> and <em class=\"jp\">optimize<\/em> digitized processes, <strong class=\"hw is\">iDelta <\/strong>is designed especially for<strong class=\"hw is\"> ensuring security<\/strong> in channels where <strong class=\"hw is\">the parties do<\/strong>\u00a0not know each other; for creating <strong class=\"hw is\">trust<\/strong> when there are more than one blockchains that are created by <strong class=\"hw is\">different institutions <\/strong>or <strong class=\"hw is\">different people.<\/strong><\/p>\n<p id=\"6bb3\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">You can register your blockchains or <strong class=\"hw is\">applications that work with blockchain<\/strong> on <strong class=\"hw is\">iDelta<\/strong>. Even if applications running on <strong class=\"hw is\">different blockchains <\/strong>are registered, they can <strong class=\"hw is\">work together seamlessly<\/strong> and can see and use data from each other without any security issues.<\/p>\n<p id=\"9378\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">Basically,<strong class=\"hw is\"> iDelta <\/strong>creates <strong class=\"hw is\">computational trust<\/strong>, you can be ensured that you have a <strong class=\"hw is\">robust workflow<\/strong>. In this way, many use cases can be created on top of your <strong class=\"hw is\">corporate blockchain<\/strong>.<\/p>\n<p id=\"d664\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\">If you would like to be a part of our family and create an <strong class=\"hw is\">environment of trust<\/strong> for your <strong class=\"hw is\">business<\/strong>, <a href=\"https:\/\/www.dakikyazilim.com\/en\/\">get in touch<\/a> with us to learn more about<strong class=\"hw is\"> iDelta<\/strong>, how, and where you can get an advantage from it. Looking forward to meeting you!<\/p>\n<p id=\"d024\" class=\"hu hv fp hw b hx hy hz ia ib ic id ie if ig ih ii ij ik il im in io ip iq ir fh cr\" data-selectable-paragraph=\"\"><strong class=\"hw is\"><em class=\"jp\">Take care\u2026<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are in a digital transformation. For example, our invoices are now almost always electronically stored instead of having huge piles of paper in the office. With the Coronavirus outbreak, &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ensuring Computational Turst for Interoperable Blockchain Systems: iDelta<\/title>\n<meta name=\"description\" content=\"Sometimes interoperable blockchain systems might create chaos. iDelta creates trust between two blockchains coming from different sources.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/206e8639b743f6c91a7da.admin.hardypress.com\/en\/ensuring-computational-trust-for-interoperable-blockchain-systems-meet-idelta.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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