Ripple joins Hyperledger Project
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.
Other members of the group, which launched in 2015, include Tradeshift, AlphaPoint, BBVA, Blockchain, PWC, Sberbank, SecureKey, and Wipro.
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.
Through the partnership with Hyperledger, Ripple CTO Stefan Thomas says “developers will be able 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”.
With more than 100 customers across the globe, Ripple has offices in San Francisco, New York, London, Luxembourg, Mumbai, Singapore and Sydney.
Last week, the company funded every project on DonorsChoose.org, a platform where school teachers crowdfund classroom needs and special projects. Ripple fulfilled all 35,647 open campaigns with a $29 million donation.
Earlier in March, Ripple began piloting blockchain-based payments with Fleetcor.
Ripple was founded in 2012 and has since raised $93 million.