Internet of Value Depends on Interoperability, Not Blockchain Alone

Internet of Value Depends on Interoperability, Not Blockchain Alone
фото показано с : ripple.com

2018-6-17 12:50

An important and highly relevant question has emerged in the financial industry: How does blockchain technology help institutions easily connect to the increasingly diverse types of payment networks?

In our view, the ideal global payments network works just like the internet does — by using a common language to connect disparate systems.

In the nascent stages of the web, there were different standards for networking or connecting computers. It wasn’t shrewd to get rid of each standard — there was a purpose for each one. Instead, it was better to preserve and connect them with a common protocol.

All ledgers should work the same way and use a simple, common language so that money can move around the world real-time, much like information does today — enabling the Internet of value.

Interledger Protocol is driving interoperability

There is a global technical standard that provides this level of interoperability: The Interledger Protocol (ILP). ILP can connect any network or payment system, without fundamentally changing how they work.

All banks and payment providers — from the smallest bank to the largest institution — can use the open protocol to power payments across networks globally.

In fact, The Bank of England recently completed a proof of concept that explored the synchronized settlement of payments using ILP.

Additionally, the Bill & Melinda Gates Foundation used ILP to power new open-source software — Mojaloop.

ILP helps Mojaloop connect to various payment platforms and help unbanked people around the world access digital financial services.

Stefan Thomas, the co-creator of ILP and CTO of Ripple, expounds on the need for common standards in blockchain in his latest Medium post, “Blockchain Advocates Must Learn the Law of Standards.

The post Internet of Value Depends on Interoperability, Not Blockchain Alone appeared first on Ripple.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Доступно / Всего 0 HPB

blockchain internet does connect depends value alone

blockchain internet → Результатов: 22


Гендиректор eToro: Инвестирование в blockchain теперь похожи на инвестиции в Интернет 10 лет назад

Основатель и главный исполнительный директор eToro считает, что blockchain - это такой же прорыв, как и Интернет 10 лет назад. Сообщение Гендиректор eToro: Инвестирование в blockchain теперь похожи на инвестиции в Интернет 10 лет назад появились сначала на Freedman.

2018-6-18 22:04


Ripple заявляет о том, благодаря xRapid семьи могут позволить на 3,27 миллиардов приемов пищи больше

Недавно команда Ripple опубликовала сообщение в блоге «Insights» о снижении затрат и преимуществах своей технологии xRapid. Они также рассказали о своем видении Internet of Value и о том, как xRapid вписывается в нее.

2018-6-16 15:45


Фото:

Popular Plugin Is About To Expose A lot Of Users To The Benefits Of Blockchain

With over 500 Million users, Adblock Plus could be considered a very popular plug-in/web browser extension. If you’re not aware of it, Adblock Plus is a piece of advert-blocking software that uses its inbuilt technology to block adverts within various different web browsers, from Safari to Internet Explorer, Google Chrome and Mozilla Firefox, to name but a few.

2018-6-14 15:30


Ripple: Blockchain is About Growth Not Cost Savings

A Ripple Executive has downplayed the cost-savings of blockchain technology over traditional banking arguing that growth is a stronger message for attracting business clients, including banks. Blockchain: Next Evolution of the Internet Danny Aranda, Managing Director of Strategic Growth at Ripple, discussed how the firm attracts banks to their payment solutions and how they work.

2018-6-14 10:00


Investments in Bitcoin [BTC] still remain highly speculative, and total loss is still possible – BaFin President’s speech

Mr. Felix Hufeld, the President of Federal Financial Supervisory Authority [BaFin], talked about Bitcoin and blockchain and compares this infancy of blockchain with the advent of the internet. He says that even Bill Gates at that time did not pay close attention to that new phenomenon. Trying to ensure that you do not fall on […]

2018-6-13 23:20


Фото:

Blockchain Will Be 10 Times More Valuable Than the Internet China State Tv

The government has also led multi-billion dollar investments in blockchain projects with the vision of commercializing blockchain technology in the near future. Blockchain is Better Than the Internet CCTV, AKA China Central Television, a state TV channel controlled by the government, released an hour-long report covering blockchain technology and cryptocurrency, featuring various topics including blockchain

2018-6-13 00:47