Interoperability refers to the ability of two or more systems to work together. Interoperability of data with any sector does not equate to the decentralization of data. Robust interoperability would give users a much more valuable and user-friendly experience. With interoperability, users will experience the seamless integration of blockchain-based networks’ capabilities on various business solutions. 

Interoperability Conundrum: Unless we see that sharing level across stakeholders, it will be difficult for technology to solve problems. Take the example of self-driving cars (involving emerging technology), where every company follows a fragmented strategy (for a pie in the global $10 trillion markets). Tesla has a lot of data. Similarly, Google has a lot of data. Even reports suggest that Apple is discussing with Hyundai Kia and had forged a partnership with Chinese Uber competitor Didi Chuxing to build Apple cars. (Project Titan- by 2024, practically to integrate car in your phone). This suggests that all companies have islands of data, but none of them is contacting each other. As a result, the overall pace at which self-driving technology progresses (while rapid) is still much slower than if these systems were interoperable.

TRST01 Focus: The focus is always on the connectedness of the various systems in the industry, and not attempting to solve this by uniformity indicates that TRST01 is on the right platform to provide solutions for Industry 4.0 on challenges in Track and Trace, Document Authentication, Smart Contract and Supply Chain Management. It’s not about one size fits all; it’s all about the potential of interoperability that TRST01 wants to harness.

TRST01 Solution Benefits: The main benefits of TRST01’s offered solution are established on five basic principles: Trust, Authentication, Traceability, STOP Counterfeits, Smart Contract. The primary focus is always to provide solutions to various industrial problems through easy standardization and integrations of systems, platforms, protocols, digital skill sets and security. Interoperability should be the supply chain tech focus in 2021, and hence with Blockchain it brings the following benefits: