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The distributed ledger known as Ripple (XRP) has now officially joined forces with the Linux Foundation based Hyperledger blockchain consortium. This information was made public on Wednesday where Stefan Thomas who is Ripple (XRP)’s CTO said the following: “Through our partnership with Hyperledger, developers will be able to access Interledger Protocol (ILP) in Java enterprise”.
Ripple (XRP) Joins Hyperledger
We should mention that Ripple (XRP) is one of the first fourteen companies to join the group. The group was originally launched in 2015 and its added more than 200 companies and organizations to its list of partners. In addition, CULedger which is a separate consortium is also joining the group.
Interledger Protocol (ILP)
Ripple (XRP) has been making huge progress regarding the Java programming language. The reason we are saying this is because Ripple (XRP) started collaborating with NTT Data last year in order to improve its protocol with Java. Worth noting is that NTT Data is a Japanese system integration company.
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” said Ripple (XRP)’s CTO.
Hyperledger Plans for 2018
This year is filled with upcoming events for the Hyperledger consortium because the company is scheduled to advance three open-source blockchain platforms to version 1.0. In addition, the Hyperledger consortium is also planning on launching a new enterprise blockchain tool that focuses on speeding up the process of blockchain applications.
Ripple (XRP) Current Value
Ripple (XRP) is down by 5.98% in the last 24 hours according to Coinmarketcap. This puts Ripple (XRP)’s value at $0.551203 and its total market capitalization at $21,548,855,370. Although, the crypto market is highly volatile and the price can always bounce back.