Interoperability Issue

It goes beyond any doubt that Defi is the latest emerging start in the financial world. However, what’s stopping it from mass adoption? There are two key reasons for that, namely scalability and interoperability. In this article, we focus on addressing the interoperability issue.

Blockchains represent a decentralized yet connected world; however, individual blockchain platforms, to date, remain in silo. They are not inherently communicable to one another. Consequently, protocols,services and or institutions leveraging these different blockchain platforms operate in segregation, which prevents them from reaping the full potential of the technology. A number of cross-chain solutions have been explored, but they are far from attaining mass adoption.

HBS envisions connecting them all, making DeFi services convenient and seamless by launching HBSJewel which serves as a unified means of payment for all HBS services across different blockchain. In addition, we shall build oracles, which shall serve as town-criers for blockchain platforms.