Ripple joins blockchain consortium Hyperledger

Ripple joins blockchain consortium Hyperledger

Ripple joined blockchain consortium Hyperledger supported by Linux Foundation.

Hyperledger announced Wednesday that Ripple was among the fourteen companies joined the consortium, which was launched in late 2015 and today its membership exceeds 200 companies and organizations. So to the consortium joined CULedger, private consortium, supported by a group of credit unions, which was founded last year. CTO of Ripple’s Stefan Thomas commented on the Ripple join this Alliance:

Thanks to our partnership with Hyperledger developers will be able to access Interledger Protocol (ILP) in Java for corporate use.

ILP previously worked only on JavaScript. So Ripple has initiated cooperation with a Japanese system integration company NTT Data in the past year to update the Protocol so that it can be used with Java.

Read also – So after all Ripple is a centralized or decentralized system? Chief cryptographer of the company

Then, the two companies presented an updated Java for the Hyperledger Protocol under a new name Hyperledger Quilt.

The Hyperledger project Quilt associates blockchain Hyperledger with other payment systems, supporting the ILP, such as the XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, and Mojaloop RippleNet, helping us realize our vision of the Internet of values, where money moves as information today.

For the consortium Hyperledger 2018 will be a very busy and eventful. The consortium plans to modify three of its blockchain platform with open source code to version 1.0 or working condition, and also intends to launch a corporate blockchain, aimed at accelerating the development of blockchain-based applications.

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