Ripple Joins Hyperledger Blockchain Consortium
2018 is defined for a busy year for the Hyperledger consortium. It plans to progress three open-source blockchain systems to version 1.0 or production status, and also plans to launch an enterprise blockchain tool targeted at speeding up the development of blockchain applications.
Hyperledger announced Wednesday that Ripple is one of two companies to join the team, which first introduced by the end of 2015 and thus far has added more than 200 firms and organizations into its ranks. Also joining the team is CULedger, a separate consortium backed by a set of credit unions that last year formed an industry-focused services company.
“The Hyperledger Quilt project joins Hyperledger blockchains with other ILP-capable payment systems such as XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, Mojaloop along with RippleNet, assisting us to deliver our vision to get an internet of value – in which money moves as information does today,” Thomas explained.
The two companies then filed the revamped Java-based protocol to Hyperledger, under the new moniker Hyperledger Quilt.
“Through our partnership with all Hyperledger, developers are going to have the ability to access Interledger Protocol (ILP) from Java for enterprise usage,” Ripple CTO Stefan Thomas said in a announcement.
Distributed ledger startup Ripple has united the Linux Foundation-backed Hyperledger blockchain consortium.
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Ripple picture via Shutterstock
Published at Wed, 28 Mar 2018 16:10:42 +0000