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19 February 2025

Interoperable blockchain (Glossary)

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The term "interoperable blockchain" belongs to the categories of blockchain, digital transformation and finance. A blockchain is like a digital cash book that many users keep together and that stores all transactions in a tamper-proof manner. In the early days, blockchains could usually only work individually. An "interoperable blockchain" makes it possible for different blockchains to communicate with each other and exchange data or values.

Imagine if blockchains were like languages: One speaks only English, the other only German. Without a common translation, they don't understand each other. Interoperable blockchains act like a translator. For example, they help you to transfer digital coins or information from one blockchain to another without having to go through the hassle of exchanging them first.

An illustrative example: Peter owns bitcoins that are stored on the Bitcoin blockchain, but wants to move them to a programme that runs on the Ethereum blockchain. Thanks to an interoperable blockchain, Peter can easily move his bitcoins to the desired programme without first having to sell his bitcoins and buy new digital currencies.

Interoperable blockchains are therefore an important step towards better connecting digital worlds and making them more flexible.

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written by:

Sanjay Sauldie

Sanjay Sauldie is a digital strategist, speaker and developer of the transruption toolkit, which companies can use to make their digital transformation measurable, human and sustainable. With kiROI - the AI-based approach to value creation in the digital age - he helps self-employed people and companies to integrate artificial intelligence into their processes in a practical way. With his outstanding marketing strategy iROI, he has already led countless companies to greater visibility and thus more profits. He combines digital innovation with disruptive thinking models for a sustainable business strategy. He studied mathematics and computer science at the University of Cologne, completed a Master of Science in Digital Disruption at the University of Salford (UK) and a Design Thinking programme at MIT/EMERITUS Singapore. As a multiple award-winning expert - including the Golden Web Award and the Innovation Award of the Initiative Mittelstand - he advises SMEs and corporations. His motto: "Digitalisation is not an end in itself - it must serve people."

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