Why is open-sourcing standardized cross-chain technology so important?

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Review in English：洰苙觀點
 The reviews of this article are shared from different points of view by two authors. 

 

Cross-chain technology is becoming increasingly important in the blockchain industry as it can facilitate the transfer and exchange of assets and data between different blockchain networks. The IEEE has released a blockchain cross-chain standard that will provide an international consensus theoretical and technical basis for the field of blockchain cross-chain in the future. The release of the P3205 blockchain cross-chain standard will allow for a unified communication protocol and significantly reduce the cost of interoperability between chains. AntChain has developed the AntChain Bridge based on the cross-chain standard and has made the cross-chain component open-source, to share the technology with developers and build an industry ecology.

A team of more than five staff members compiled the standard in three years. It establishes a theoretical and technical basis for blockchain cross-chain technology. AntChain Bridge has used standardized semantics to express the entire cross-chain process and provides specific explanations and field designs for essential concepts. The open-source strategy of AntChain Bridge will allow developers to access cross-chain infrastructure and encourage adoption. Ant Group has been focusing on the research and practice of blockchain technology since 2016 and has become one of the pioneers in cross-chain technology exploration.

In summary, the P3205 blockchain cross-chain standard release will immensely reduce the cost of interoperability between chains. AntChain’s open-source strategy will encourage the adoption of cross-chain infrastructure. AntChain has been one of the pioneers in cross-chain technology exploration and has developed the AntChain Bridge based on the IEEE cross-chain standard.

Opinion: The cross-chain infrastructure adoption is crucial to promote the interconnection of assets and data between different blockchain networks, and the release of the P3205 blockchain cross-chain standard by the IEEE is a step in the right direction. The open-source strategy of AntChain Bridge will enable developers to access cross-chain infrastructure, and this will encourage the adoption of cross-chain technology. The increased adoption of cross-chain technology will accelerate the growth and development of the blockchain industry. It is encouraging to see pioneers like Ant Group actively promoting and exploring this technology.

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