Ripple has joined the multi-stakeholder blockchain consortium, Hyperledger. The consortium which has been in existence since 2015 also admitted 14 other blockchain-centered organizations including CULedger, KompiTech and Greensteam Technology.
Hyperledger was the brainchild of industry heads whose aim is to facilitate the development of robust platforms for various industries through an open-source distributed ledger. It encompasses industry leaders in manufacturing, finance, supply chain, technology and finance.
Ripple’s CTO, Stefan Thomas acknowledged the significance of Ripple’s inclusion in the Hyperledger consortium as it would facilitate the enterprise use of the Interledger Protocol (ILP).
“Through our partnership with Hyperledger, developers worldwide will be able to access Interledger Protocol (ILP) in Java for enterprise use. 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,” Thomas said in a statement.
Other companies that joined the Hyperledger consortium include Blockchain Technology Partners, a startup based in Edinburgh whose goal is to simplify the enterprise use of the blockchain; CULedger, a consortium that was formed by a group of credit unions and KompiTech, a Zurich-based IT solutions company.
The Hyperledger consortium is backed by the Linux Foundation and has continued to gain traction globally in recent months. It now has 231 members hailing from over 25 countries.