Alliance formed between Ripple and Hyperledger Blockchain Consortium
Ripple is also one of fourteen companies that join the group, launched at the end of 2015 and has included in more than 200 firms and organizations to its ranks. It is also collaborating with a group named CULedger, a different association backed by a group of credit unions which developed an industry-focused service organization last year.
Ripple CTO Stefan Thomas said:
“Through our partnership with Hyperledger, developers will be able to access Interledger Protocol (ILP) in Java for enterprise use.”
Both the organizations finally submitted the Java-based protocol to Hyperledger, following the new moniker Hyperledger Quilt.
Mr. Thomas explained:
“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 seems to be a busy year for the Hyperledger consortium. It has planned to launch three open-source blockchain platforms to version 1.0 or production status. It also plans for launching an enterprise blockchain tool intended at increasing the development of blockchain applications.