The quality of computer components and systems that indicates compatibility and lets them work together smoothly.

Interoperability refers to the characteristics of computer components or systems which allows them to work with other components or systems. The components in question are largely different in terms of origin (or creator) as well as configuration. However, because their underlying purpose and designs are similar, interoperable systems can function seamlessly with a significant boost in effectiveness.

Interoperability is a key focus of blockchain developers. The goal of this anticipated phase in the improvement of distributed ledgers is to have different networks that allow multi-chain operations. This will bring about a new age for the global financial market, with increased ease of operation for individual and corporate enterprises.

An innovative architecture for a database management system based on peer-to-peer information sharing.

An InterPlanetary File System (IPFS) is a database concept that is based on the model of decentralization, and distributes the responsibility of sharing information across nodes instead of using a central data bank. The biggest evidence of innovativeness in this file system is its architecture. The more a particular data piece of information is requested and shared among nodes, the easier it is for this information to be recalled subsequently. Thus, IPFS is described as one of the underlying pillars of Web 3.0 since its data processing and storage potential is outstanding.

IPFS is open-source, so its development is rapid. Overtime, it is expected to replace or provide a workable alternative to the current HTTP and HTTPS information sharing and delivery systems.

The technical term for a company’s going public, where it allows the public to purchase its shares.

An Initial Public Offering (IPO) refers to an event where a private establishment allows the public to buy and own its shares for the first time in its history. It is the surest evidence that a business venture that used to be private is interested in including the public in its shareholding, effectively becoming a public company. The process is often complex as it requires the scrutiny of Securities and Exchange Commissions (SECs) before it can be approved.

Although IPOs generally subject private companies to greater scrutiny from regulatory authorities, they also allow them to expand the company’s capital legitimately and ultimately profitably.

Interoperability

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