QX Interoperability - v.0.7
  • 💡ABOUT
    • License
    • How to Give Attribution For Usage of QX Interoperability
  • 👬Industry Initiatives
    • ISO Interoperability Framework
    • EEA Crosschain Interoperability Specification Suite
    • IEEE Standards for Blockchain Interoperability
    • ICMA Bond Data Taxonomy
    • IETF Secure Asset Transfer Protocol
    • SODA MIT Crosschain Interop WG
    • Decentralized ID for Tokenization
    • Cross-chain Interoperability Alliance
    • SWIFT Coalition
    • BIS Projects
    • MAS Projects
    • Regulated Liability Network
      • UK Finance - Regulated Liability Network
      • US - Regulated Liability Network
    • Hyperledger Projects
    • EEA-OASIS L2 WG
    • RollColl WG
    • ITU Digital Currency Global Initiative
    • EIP-5164: Cross-Chain Execution
    • EIP-3220: Crosschain Identifier Specification
    • EIP-7281: Sovereign Bridged Token
    • ERC-7092: Financial Bonds
    • ERC-3643: Permissioned Tokens
    • ERC1400: Universal Token for Assets and Payments
    • ERC6960: Dual Layer Token
    • CASA CAIPs
    • COSMOS IBC
    • Polkadot XCM
    • IEEE Crosschain Workshop
  • 🏦Use Cases
    • Payments/Digital Asset Transactions
      • Enable transfers of digital payment tokens
      • Conduct Compliant Cross-VASP Digital Asset Transaction
      • Swap NFT for Tokenized Bank Deposits
      • Enable Intra-Group Payments with Tokenised Deposits
    • Wholesale CBDC (wCBDC)
      • Enable Settlement with Simultaneous Delivery versus Payment
      • Facilitate Cross-Border Payments with wCBDC
      • Enable FX transactions to facilitate cross-border payments
      • Settle Crypto Derivatives using wCBDC
      • Access Liquidity via wCBDC
      • Settle Interbank Payments with wCBDC
      • Settle Interbank Payments with wCBDC (Acquirer-Merchant Settlement)
      • Make Property Payments with Tokenized Deposits
      • Provide FX Liquidity using wCBDC
      • Enable Payment versus Payment (PvP)
      • Crosschain digital bonds trades
    • Decentralized Finance (DeFi)
      • Aggregate Yields across Blockchains for Corporate Treasuries
    • Retail CBDC (rCBDC)
      • Provide Targeted Government Transfers (Government Vouchers)
      • Streamline Home Equity Lending
      • Provide Corporate Vouchers and Rewards
      • Make Milestone-Based Property Purchase Payments
      • Enable Traceable and Targeted Donations
      • Consumer Prepayments to Corporations
      • Enable Asset Transactions
      • Enable Cross-Border Remittances
      • Government Payouts
      • Managing Learning Accounts
    • Private Markets/Asset Tokenization and Trading
      • Tokenize and Trade Private Equity Fund Shares
      • Distribute and Settle Private Corporate Debt Issuance
      • Trade Employee Stock Grants as Digital Securities
      • Enable Secondary Trading for Non-Listed Assets and Private Markets
      • Automated Discretionary Portfolio Management with Tokenized Assets
    • Trade & Commerce
      • Support Tokenized Electronic Bills of Lading for Global Trade
      • Commercial Vouchers
      • Online Commerce
      • Programmable Rewards
    • DAOs
  • 🛠️Solutions Providers
    • Swift
    • Mastercard
    • Fnality
    • Quant Network
    • Ownera
    • Fujitsu
    • Deutsche Bank/Standard Chartered Ventures
    • Kaleido
    • Onyx/JP Morgan
    • Canton Network
    • Universal Digital Payments Network Alliance
    • Li.Fi
    • Visa
    • Partior
    • CLSNet
    • Impel
    • Adhara
    • Datachain
    • Ant Group
    • CitiGroup
    • WeBank
    • IMF ?
    • BIS ?
    • Progmat ?
    • GroundX ?
  • 📓Requirements
    • Legal & Regulatory Layer
    • Governance and Policies Layer
      • Audit and Compliance sub-layer
      • Operations sub-layer
    • Application Layer
    • Integration and Middleware Layer
      • Oracle sub-layer
    • Semantic Layer
    • Syntactic Layer
    • Foundational Layer
      • Discovery sub-layer
      • Smart contract sub-layer
      • Function call sub-layer
      • Messaging sub-layer
      • Transaction sub-layer
      • Consensus sub-layer
      • Data transfer sub-layer
      • Security sub-layer
        • Identity and Authentication
        • Data Privacy
    • -
  • Protocol Providers
    • Chainlink
    • Axelar
    • Connext
    • Across
    • Toposware
    • IBC
    • Hyperlane
    • Sovereign Labs
    • Polymer Labs
    • Orb Labs
    • Zetachain
    • Sygma
    • deBridge
    • Wormhole
    • Routeur Protocol
    • Synapse
    • Wanchain
    • Gnosis
    • LayerZero
    • Comparison
  • Bridging Approaches
    • Bridges
    • Native Bridge
    • Third Party bridge
    • Multi-bridge
    • Oracle
    • Shared Sequencer
    • Mechanisms
      • Hash Locking
      • Notary Schemes
      • Proof Aggregation
    • zk-rollup ecosystems
    • Intent-centric
    • Function Calls
    • Relayers
      • Multisig
      • MPC
      • Light Client
      • ZKP Stark
      • ZKP Snark
      • Hybrid method
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  1. Industry Initiatives

Polkadot XCM

PreviousCOSMOS IBCNextIEEE Crosschain Workshop

Last updated 1 year ago

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Initiative Name

Cross-Consensus Message Format (XCM)

Organization

Web3 Foundation

Type

Standard ( & tooling)

Description

The Cross-Consensus Message Format (XCM) is a language and format designed for communication between consensus systems, facilitating interoperability in Polkadot and other consensus-driven entities. XCM allows blockchains to interact using a standardized messaging format. Although often linked to Polkadot's parachains, XCM can be applied broadly to any consensus system, including EVM smart contracts and other bridged systems. XCM defines the structure and content of messages, but not their delivery. The delivery is managed by protocols like XCMP (Cross Chain Message Passing) and others like HRMP and VMP.

Ecosystem

Polkadot

Public Participants

Link

https://wiki.polkadot.network/docs/learn-xcm
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