Author: Sanjay Dubey
Abstract: This paper delves into blockchain interoperability, which has become crucial as multiple blockchain networks emerge with distinct structures, consensus mechanisms, and use cases. With an increasing demand for seamless data exchange and interaction across these isolated ecosystems, the development of cross-chain solutions is paramount. This paper reviews existing interoperability protocols, examines emerging technologies, and evaluates their potential applications in finance, healthcare, and supply chain management. It also addresses challenges, such as security, scalability, and standards, while suggesting future directions to advance cross-chain collaboration in the blockchain domain.
Keywords: Block chain, Interoperability, Cross-Chain, Decentralized Finance, Data Exchange, Consensus Mechanisms, Protocols
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