Sberbank tested the interaction of its enterprise platform based on Hyperledger Fabric with the Waves Enterprise platform.
The integration mechanism implemented on Sber’s platform enables participants in external blockchain networks to access the digital assets issued on it, and to use for settlements with these assets the smart contracts and applications available on external networks.
During the piloting, several pilot transactions were conducted using smart contracts transferred from Sber’s platform to the Waves Enterprise network. The latter carried out several transactions among different owners, and the tokens were then returned to Sber’s platform.
For now, the interaction between the two blockchain platforms is routed through a gateway, but next year interoperability mechanisms are planned to enable direct interaction between the two blockchain networks. As possible solutions, Sber is considering the Gravity protocol and the Hyperledger Cactus framework.
“Successful pilot transactions on Sber’s and Waves Enterprise’s platforms demonstrated the possibility of building a mutual-settlement system between companies using different blockchain platforms. This opens up new prospects for both our clients and the entire blockchain market,” said Sergey Popov, director of the Transactional Business division at Sberbank.
He also expressed hope that after the Digital Financial Assets Act comes into effect in January 2021, companies would be able to settle via smart contracts.
In November, Sberbank announced plans to launch a blockchain platform, through which users would be able to purchase digital financial assets.
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