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Blockchain technology allows for interoperability in various usecase scenarios, such as transaction processing based on authentication with other systems like eSign or Aadhar using Oracles. And the transactions like electricity consumption can only be fulfilled after payment is made in cryptocurrency, governed by Hash Time Lock. The transactions on one blockchain platform may only proceed once consensus is reached on another, communicated through Relay or Bridge. Fulfillment of a transaction request may depend on another blockchain platform, utilizing Hash Time Lock. However, scenarios like cryptocurrency payments are highly unlikely in contexts like the National Blockchain Framework(NBF). |
IEEE/ICACT20240467 Slide.13
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