The start of distributed accounting Ripple joined the Hyperledger block chain consortium supported by the Linux Foundation.
Hyperledger announced on Wednesday that Ripple is among the fourteen companies that joined the group, which was launched for the first time in late 2015 and, to date, has added more than 200 companies and organizations to its ranks. It also joins the CULedger group, a separate consortium backed by a group of credit unions that last year formed an industry-focused service company.
“Through our partnership with Hyperledger, developers will be able to access the Interledger Protocol (ILP) in Java for business use,” Ripple CTO Stefan Thomas said in a statement.
Subsequently, the two companies presented the renewed protocol based on Java to Hyperledger, under the new name Hyperledger Quilt.
“The Hyperledger Quilt project connects Hybridledger blockchains with other payment systems compatible with ILP such as XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, Mojaloop and RippleNet, helping us to fulfill our vision of a value internet, where money moves like the information does today, ” explained Thomas.
2018 will be a busy year for the Hyperledger consortium. It plans to advance three open-source block chain platforms to version 1.0 or production status, and also intends to launch a blockchain enterprise tool to accelerate the development of blockchain applications.