Ripple Now Part The Hyperledger Blockchain Group Backed By Linux Foundation
The Linux Foundation-backed Blockchain Group called Hyperledger has announced that it has welcomed Ripple on board, making it the latest blockchain-based startup to be part of the consortium.
Hyperledger was launched towards the end of 2015 as an open source platform on which companies work together towards taking cross-industry technologies in Blockchain to new levels. So far more than 200 companies have joined the consortium from different industries including the Internet of Things (IoT), technology, manufacturing, banking, and supply chain among others. It has even been joined by another consortium called CULedger which is composed of credit unions.
Stefan Thomas, the Chief Technology Officer at Ripple had this to say about Ripple’s new membership on Hyperledger: "Through our partnership with Hyperledger, developers worldwide will be able to access Interledger Protocol (ILP) in Java for enterprise use."
The Interledger protocol was previously limited to JavaSript but Ripple teamed up with NTT Data, a Japanese company that deals with systems integration to restart the protocol through the Java programming language. They then submitted the rebooted protocol to Hyperledger under the name moniker Hyperledger Quilt. The latter allows interconnectivity between hyperledger blockchains and payment systems that are cable of ILP. Some of the payment systems that are ILP-capable include RippleNet, Mojaloop, Litecoin, Bitcoin Lightning, Ethereum And XRP Ledger.
The goal of hyperledger is to help organizations to create strong hardware systems, platforms and industry-specific systems that will be used to create enterprise-level decentralized ledgers that will support individual business transactions. Ripple also joins a list of blockchain-related firms such as REMME, Greenstream Technology, Blockchain Technology Partners, Shenzhen Rongxun Technology, and CULedger among others that are new to the consortium.
Hyperledger’s executive director, Brian Behlendorf stated that the wide adoption of Hyperledger in different geographies and industries is a demonstration of the impressive power that the community wields and also the technologies that they have created. Behlendorf also added that the expanding membership presents more skills and innovation that can lead to the development of new products that may have a huge positive impact on businesses in the future.
The fact that the Hyperledger consortium is also in support of an open encourages the companies that are members to participate in open-source projects that may benefit the entire blockchain industry. The consortium might be the driving force towards a unified blockchain that might be the future infrastructure that will be used to run future systems and businesses, thus aligning with the goal of a global adoption of blockchain technology.