Ripple Joins Hyperledger Project

According to the report, Ripple has joined the likes of 231 organisations who belong to the Hyperledger blockchain consortium.

Hosted by the Linux Foundation, Hyperledger is an open source group consisting of people in finance, banking, internet of things (IoT), manufacturing, and technology that seeks to advance cross-industry blockchain technologies.

There are other group members, including Tradeshift, AlphaPoint, BBVA, Blockchain, PWC, Sberbank, SecureKey, and Wipro, which launched in 2015.

After teaming up with NTT Data last year, Ripple and the Japanese system integration company submitted Hyperledger Quilt, a Java-based Interledger Protocol (ILP), to Hyperledger.

Ripple CTO Stefan Thomas thinks, that developers will have a chance to access Interledger Protocol in Java for enterprise use.

Thomas adds that Hyperledger Quilt “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”.

Ripple has offices in San Francisco, New York, London, Luxembourg, Mumbai, Singapore and Sydney, with more than 100 customers across the globe. Ripple has fulfilled all open campaigns with a $29 million donation.

Earlier in March, Ripple began piloting blockchain-based payments with Fleetcor.

The virtual currency Ripple was launched in 2012 and has risen about $93 million since that time.