Ripple Joins Hyperledger Consortium

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    Ripple Joins Hyperledger Consortium

    Hyperledger Project has existed since late 2015 to facilitate collaboration and partnerships among upcoming blockchains as well as distributed ledgers of various categories. Hyperledger, which was developed by the Linux Foundation and currently includes several members, aims to improve and simplify the performance of different blockchain networks so as to help in integrating the new technology with businesses globally. According to, Coindesk, Ripple, another distributed ledger startup, which is also the brain behind the Ripple cryptocurrency has joined the consortium.

    Ripple Becomes One of the Latest Partners

    Since the announcement of the first pool of partnership in 2016, Hyperledger has brought on board over 200 partners to join the consortium. The announcement by Hyperledger about the addition of Ripple to the group also included 13 other originations and companies that will be joining at the same time. Among the companies that are expected to join the group are CULedger, which is also a self-standing consortium. The CULedger consortium was supported by a group of credit unions.

    Collaborative Benefits

    One of the most immediate benefit that Ripple will enjoy is the ability to use Interledger Protocol (ILP). Stefan Thomas, the Chief technology Officer at Ripple said that the company’s developers will now have access [ILP] in Java for business use. He added that thanks to the partnership, his company will be able to access ILP, which was initially only accessible on   JavaScript. This accessibility has been made possible by the partnership between Ripple and Japanese system integration company NTT Data. Thomas says both NTT Data and Ripple rebranded the latest version of the protocol as Hyperledger Quilt, hence making it a Hyperledger consortium.

    Thomas added that Hyperledger Quilt project are made in such a way that they are able to connect Hyperledger blockchains to ILP-capable payment systems like RippleNet, mojaloop, litecoin, bitcoin, ethereum, and XRP Ledger. He says this has helped the company in delivering on it vision of getting value from the internet.

    The consortium has several other plans which it will be working on in 2018. It is working on the collective plan to develop three open source blockchain platforms up to production levels.

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