If understanding how distributed ledger tech works inside banks is complicated, discovering methods to make totally different kinds of enterprise blockchains speak to one another is a doozy of a problem.
And but, that’s precisely what a staff of highschool college students – quickly to take a seat their A-Level exams in pc science – has executed. The staff, from Bedford School in the U.Okay., gained third place in a blockchain interoperability hackathon hosted by London-based blockchain startup Clearmatics at the Barclays Rise fintech hub in London.
The problem set by Clearmatics, which is behind tasks such because the Utility Settlement Coin banking consortium, was to make use of the corporate’s Ion interoperability protocol to get two blockchains (reminiscent of Hyperledger Fabric and ethereum) to trade knowledge, confirm transactions and so forth.
The staff of pc science college students have been up towards groups of blockchain specialists from banks like Santander and Barclays in addition to seasoned startups reminiscent of Web3j and Adhara. In a method, the win underscored the various degree of curiosity in the know-how in addition to the generational evolution happening with new entrants in the ecosystem, so to talk.
Dr. David Wild, head of pc science at Bedford School, stated the workforce knew nothing about enterprise blockchain know-how simply two days earlier than the occasion.
Drawing on his previous expertise working with instructional software program, the instructor recommended a sensible contract design to share examination outcomes between faculties, examination boards and college admissions our bodies, which might achieve this in a much less fragmented and interoperable method. The college students agreed on the pitch and between them created a working answer utilizing the Ion framework.
Wild stated coming to the blockchain interoperability problem with a naive perspective turned out to be refreshing and helpful, including,
“If you are writing a piece of software say, you want somebody who is naive to use it because they tend to use it in the ways that you wouldn’t imagine.”
Accepting the prize, one of many college students stated the workforce managed a few of the steep studying curve coming to and from the two-day occasion.
“We learned quite a lot about Solidity and smart contracts on the train,” they advised CoinDesk.
Image courtesy of Bedford School