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Interoperability panel discussion with David Schwartz and others takes a peek at the future

Prominent figures on interoperability spoke at a panel discussion at Consensus yesterday. The panel comprised of 4 members, namely, Matthew Spoke, the Founder of Aion network, David Schwartz, the Chief Cryptographer at Ripple Inc, Jutta Steiner, the Co-Founder of Parity Technologies, and Charlie Lee, the Creator of Litecoin.

The panel was titled ‘The race for interoperability’. It began with the exploration of whether interoperability could reduce the tribalist behaviors exhibited by investors in cryptocurrency. The panel members spoke about how they explored interoperability and got started with creating products that could realize their vision of interoperability.

Matthew Spoke talked about how he founded the Aion Network and how it was aimed at interoperability with the Ethereum Virtual Machine. According to the website, Aion is an “A multi-tier system designed to address unsolved questions of scalability, and interoperability in blockchain networks.”

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He is an advocate of decentralized interoperability, due to data privacy and ownership concerns and the removal of trust-based centralized power structures. His solution for this is to create a sort of router for interoperability, which can recognize transactions and route them to the required blockchains.

He spoke about how interoperability is a part of “re-architecting the future of the Internet” and said:

“Interoperability is a layer within a massive infrastructure of the decentralized internet”.

He also went on to talk about how use cases must be unified through interoperability by decreasing the separation of different systems that operate on distinct blockchains. A system must be realized wherein transactions on one network would trigger transactions on another ledger, he explained.

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He said:

“The future we hope to build is where these use cases are not segregated and isolated.”

He advocated for the decentralization of security models, going so far as to suggest that “multiple forms of security models, consensus algorithms and execution environments” should be…

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