Aion, Icon, Wanchain launch Blockchain Interoperability Alliance

Aion, Wanchain and Icon have launched the Blockchain Interoperability Alliance, a group focused on developing industry standards, research collaboration and promoting widespread adoption of blockchain technologies, according to a press release.

The current inability of blockchain protocols to communicate is a major obstacle to widespread adoption. The Alliance's first major goal is to collaborate on research to create cross-chain transactions and communication to help create blockchain interoperability.

"The Icon project was first started at the request of our enterprise blockchain clients to interconnect with other blockchain networks," JH Kim, council member of Icon Foundation, said in the release. "The goal of this alliance is to create a globally accepted standard for connecting blockchains, and to bring innovations together."

Topics: Blockchain, Trends / Statistics

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