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JCB and Datachain to experiment on digital currency exchange platform

Thursday 9 December 2021 13:37 CET | News

Japan-based international payment brand JCB, and Datachain have started experiments to build a digital currency exchange platform.

As the first stage of the joint research, JCB and Datachain, which has expertise in interoperability technology, have been discussing the technical usefulness of a method for interoperability between different blockchains that does not rely on the trust of a third party (the Relay method), aiming to acquire the ability to exchange between digital currencies.

Now, in collaboration with Datachain, JCB has started a demonstration experiment of interoperability between different blockchains to build a digital currency exchange platform. The purpose of this demonstration experiment is to verify the technical usefulness of introducing a hub structure using IBC for interoperability between heterogeneous blockchains through the Relay method.

By combining the assets and know-how of both companies, JCB and Datachain aim to create innovative services and discuss widely with companies and projects responsible for the digital currency-issuing infrastructure for the practical application of interoperability between different blockchains.

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Keywords: partnership, blockchain, digital currency, digital assets
Categories: DeFi & Crypto & Web3
Companies:
Countries: Japan
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DeFi & Crypto & Web3






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