Ripple (XRP) Joins Hyperledger Blockchain Consortium
Along with thirteen other companies, Ripple is joining Hyperledger, which is an open source collaborative collective of companies seeking to advance cross-industry blockchain technologies. It includes leading members involved in finance, banking, Internet of Things, supply chain, manufacturing, and technology, which includes blockchain technology.
CULedger, a separate consortium backed by a group of credit unions that last year formed an industry-focused services company, is also joining the group.
Ripple CTO Stefan Thomas said,
“Through our partnership with Hyperledger, developers will be able to access Interledger Protocol (ILP) in Java for enterprise use,”
This newly formed Java-based Interledger Protocol was submitted to Hyperledger and has now been accepted. The Protocol is now being called the Hyperledger Quilt.
“The Hyperledger Quilt project connects Hyperledger blockchains with other ILP-capable payment systems such as XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, Mojaloop and RippleNet, helping us to deliver on our vision for an internet of value – where money moves as information does today,”
2018 looks like an eventful year for the Hyperledger consortium. It is in full swing to advance three open-source blockchain platforms to version 1.0 or production status. To make it even better, launch an enterprise blockchain tool aimed at speeding up the development of blockchain applications.
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