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https://xrpripplenews.com/2019/09/28/ripple-ibm-swift-join-eu-policy-makers-to-develop-dlt/

Hi, I have just found this tweet that you might find it interesting as well. There is an article on IBM domain which mentioned Ripple and XRP many times (among other crypto things)

I'm interested to hear what the community thinks about this - competition or not? $5 Trln FX Settlement Giant CLS to Launch Blockchain-Based Netting Service ‘Within Days’ By Marie Huillet 2 hours ago https://cointelegraph.com/news/5-trln-fx-settlement-giant-cls-to-launch-blockchain-based-netting-service-within-days "Forex exchange (FX) settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days,” according to Chief Strategy Officer (CSO) Alan Manquard. The CSO made the announcement at the IBM Think Tank conference in London Nov. 14, as reported by tech news source Computer Business Review (CBR). CLS Group, which reportedly settles on average $5 trillion in payment instructions daily, is a U.S. FX settlement service supplier with high-profile members that include Goldman Sachs, JPMorgan, Barclays, and Citigroup. A netting service entails offsetting and determining the value of multiple positions or payments that are due to be exchanged between parties, accounting for factors such as the currency volatility caused by differences in time zones. In such cases, the service is used to fix the remuneration a given party is owed."

https://www.forbes.com/sites/jasonbloomberg/2018/09/09/enterprise-blockchain-struggles-to-carve-out-a-niche/#116ff9d1600a Interesting take on the state of blockchain. For once a Forbes contributor that isn't a Bitcoin maximalist, and is actually forecasting its doom for the very reason (decentralization) people like Laura Shin are saying it will succeed over XRP. He's pretty hard on XRP though. Although not directly mentioning it, he talks about the speculative nature of most tokens (XRP included) will prevent them from ever having any value - early investors selling and depressing the price of most tokens will prohibit adoption & use. He only mentions Ripple, and spends much more time talking about IBM/Stellar and the introduction of 'StableCoin' on the Stellar blockchain. Overall it's more thoughtful than the usual pieces put out by Forbes, but there's one point he's trying to make that leaves me scratching my head: HUH??? What about ILP? I would love to hear in greater detail as to how he arrived at this conclusion. Yes, there is a lot of hype in this space, but to me, preventing value from copying itself the way information does on the internet is a pretty big problem. And when it is solved, that disruption may not be felt as much in the "West", but there are billions of people whose lives will be changed (hopefully) in a good way. I guess time will tell...

Looks as if the competition (Stellar) is taking it up a notch with their IBM partnership via IBM World-Wire. What do you guys think??

Just came across this extract: https://www.finextra.com/newsarticle/31331/singapore-central-bank-open-sources-blockchain-prototypes "IBM has joined in the jamboree, announcing announced the successful completion of the Phase I proof-of-concept (POC) of its Shared Corporate KYC project with Deutsche Bank, HSBC, Mitsubishi UFJ Financial Group (MUFG) and the Treasuries of Cargill. Big Blue says the project successfully demonstrated how the blockchain-based IBM Shared KYC platform provides a "secure, decentralised and efficient mechanism for banks to collect, validate, store, share, and refresh trusted KYC information of corporate customers". Previously, the Monetary Authority of Singapore, (MAS) had stated they we working with both Ripple and Stellar to make an integrated blockchain as stated in page 27 of their Project Ubin report: http://www.mas.gov.sg/~/media/ProjectUbin/Project Ubin SGD on Distributed Ledger.pdf One statement that caught my eye from the first extract was this: The source-codes and technical documentation of the three prototypes have now been released for public access under Apache License Version 2.0 with the objective of encouraging academics, financial institutions and other central banks to re-use the code for their own tests. MAS says that financial institutions may want to reference the privacy-preservation models for internal projects, while central banks could reuse the prototypes to conduct internal trials on domestic inter-bank payments" Would they potentially facilitate the use of both Stellar and Ripple within this system, or are they offering clients the opportunity to experiment and choose either or?

Hey Team, this AMA on Reddit went down a few hours ago and I noticed that it hasn't been posted here, yet. Quite a bit of info with regards to the IBM/Stellar partnership and future prospects. I have currently only briefly read over the questions and comments and I expect the team at Ripple HQ have read the information more thoroughly. As per all Reddit AMA's the threads can be a little bit hard to decipher, IMO. I thought that it would be appreciated being posted here and expect that the more advanced members of the forum would get something out of the information and be able to summarize a bit more succinctly for the group.

With an IBM partnership with Stellar, where does that leave Ripple? https://www.quora.com/With-an-IBM-partnership-with-Stellar-where-does-that-leave-Ripple Why did Jed McCaleb leave Ripple to start Stellar? https://www.quora.com/Why-did-Jed-McCaleb-leave-Ripple-to-start-Stellar

I thought this price jump in STR was the normal, "Hey we used to be related to XRP so we're worth something too." pump and dump routine that happens whenever there's good news for XRP. When it just kept going up I started googling and still nothing. Then I switched to the past 24 hours and find that IBM just partnered with Stellar to use not their software but their token for cross boarder payments throughout the pacific region. They are supposedly going to handle 60% of the money transfers in 7 countries. WTF? Why did they pick Stellar and how big of a blow is this for XRP? https://www.coindesk.com/ibms-stellar-move-tech-giant-use-lumen-cryptocurrency-payments-rail/ I don't understand how or why this happened.

Ok, now that maybe some dust has fallen down back on the floor, let's dive into some technics ?. Todays news about IBM partnering with Stellar got me specifically intrigued what the advantages would be of XRP as the native asset on the RCL vs Stellar on Hyperledger's blockchain. I often noticed Ripple mentioning the word 'native' in the past but it might be specifically important now. I can guess or assume a few but I would be interested hearing those from the pro's like @nikb , @JoelKatz and @miguel . Or would that give too much details away to IBM ??

Hi there, It seems some "Blockchain Innovation Conference" took place in The Netherlands on June 22nd. The pro: it is spoken in English for us to understand ;-) The con (or second pro if you wish) : you get a full recorded coverage of the entire day's event. So take out some popcorn and sit down for a 10 hour recording! https://blockchaininnovationconference.com/ Click "Full Conference" for the live recording. There is enough to be heard, also the critical minds like David Birch. Some banks were there too: Chairman of Rabobank at 2h:46 , ("I visited Ripple personally in 2014, didn't get it but we tested it, it worked in the test, but we moved on") and ING at 9h:04 ("growing pains inside banks" in relation to blockchain). You may find both the banking guys to be a tad underinformed on the solutions Ripple Inc. is nowadays offering with ILP . And don't forget Chris Skinner at the end. (And NO, I did not see all of this recording!) Here's a quick copy of the day's agenda (can be found on the website too): Session 1: Opening Conference Speakers - Vincent Everts (Conference Director)- Dennis de Vries (Lead Digital Ledger Services Netherlands, KPMG - Trust in the 21st century)- Bart Mellink (Gartner - The Gartner position on blockchain adoption)- David Birch (Director of Innovation, Consult Hyperion - 'Blockchain is not a technology, it's a religion')- Wiebe Draijer (Chairman of the Executive Board Rabobank)- Cora van Nieuwenhuizen (Member European Parliament - FinTech Reporter)- Egbert-Jan Sol (TNO, Radboud University - National Blockchain Alliance)- Surprise act Session 2: Keynote presentations and debate Speakers - Vincent Everts (Conference Director) - Marc van der Chijs (Founder/CEO Global Data Chain, Managing Partner CrossPacific Capital - Fireside chat on venture capital Blockchain investment trends in Asia and beyond)- Richard Kastelein (Publisher and founder http://www.the-blockchain.com/ - The emergence of Token Sale or Initial Coin Offering)- Rene Kerkmeester (Digital Transformation Lead - TenneT)- Leo Dijkstra (Industry Lead Utilities Benelux - IBM GBS)- Joris Geertman (Director Portfolio & Innovation - KPN)- Rutger van Zuidam (Owner of DutchChain.com, Organizer Dutch Blockchain Hackathon)- Raphael Davison (Worldwide Director for Blockchgin, HPE - The blockchain revolution, ultimate industry disruptor) - Jan-Peter Doomernik (Enexis) - Alex Bausch (co-chairman BECON.global - blockchain ecosystem network)- Marloes Pomp (Curator Public track) - Conny Dorrestijn (Curator Business track) - Paul Bessems (Curator Technology track) Final session: Closing talk Speakers - Vincent Everts (Conference Director)- Ling Kong (CTO Dianrong - Blockchain application in supply chain)- Ivar Wiersma (Head of Innovation - ING - Growing pains of blockchain) - Jan-Peter Doomernik (Enexis - (How) can energy be free? Co creating a future of blockchain, ai and autonomous assets)- Chris Skinner (CEO The Finanser - if you liked it then you should have put a chain on it: how blockchain has reached the bottom of the trough of disillusionment and what's next)- Closing act. Enjoy.

Anybody know if this news will affect Ripple/XRP if at all? Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies. https://www.reuters.com/article/us-banks-blockchain-ibm-idUSKBN19H2M6

https://www.finextra.com/newsarticle/29644/sbi-securities-and-ibm-test-blockchain-for-bond-trading-system "Using the Hyperledger Fabric, SBI says it will test the use of blockchain tech for the entire product lifecycle of a bond until reimbursement.The firm also wants to see how sharing databases can improve the efficiency and automation of operations, how infrastructure costs can be cut and how blockchain can be used for securities operations and systems."

"...a number of prerequisites for blockchain to fulfill its potential in financial services – and beyond. Key among these is achieving a standard way of implementing the technology. A shared ledgering technology that can provide a consistent view across the broad business network needs a standard way of transferring ledger data. Organisations will participate in multiple ledgers – an FX network, a bond network, et cetera. Just as the internet and intranets share the same technology, so the blockchain proposition needs interoperability to function. In this context, the recently announced open ledger project being orchestrated by the Linux Foundation is critical. Under an open governance model, this project will develop an enterprise grade, open source distributed ledger framework" -- Banking On the BlockChain [Finextra Whitepaper]

"The open-source Hyperledger project was on the verge of unanimously voting to formally merge the codebases donated by... startups Blockstream and Digital Asset, as well as tech giant IBM." -- http://www.coindesk.com/hyperledger-on-the-verge-of-merging-blockchain-code-from-ibm-digital-asset/ [Note: Ripple not listed] But then there's this: https://bitcoinmagazine.com/articles/ibm-wants-to-evolve-the-internet-with-blockchain-technology-1459189322 "The Hyperledger Project is under the umbrella of the Linux Foundation, and seeks to incorporate findings by blockchain projects such as Blockstream, Ripple, Digital Asset Holdings" "Linux made clear it wanted to “disrupt the disruption,” in part with their findings, as well as the data gathered by projects such as Ripple, Ethereum and others exploring the blockchain." "Bitcoin, Ripple and Ethereum are “Iteration 1” of blockchain technology, the three time IBMer told his audience. Wolpert thinks blockchain technology will soon evolve to “Iteration 2.”" "This doesn’t mean blockchain 2.0 technologies such as Blockstream, Ethereum and Ripple are lost causes that must now completely retool. The Linux Foundation, in fact, works with Ethereum and Ripple employees. With its blockchain projects, IBM is not focused on moving a cryptocurrency."

"R3, the industry-wide body trying to bring blockchain technology to finance, announced on Thursday that its members had experimented with issuing, trading, and redeeming short-term commercial paper — a sort of IOU issued by companies to secure financing — across 5 different blockchains. The blockchains were built by Chain, Eris Industries, Ethereum, IBM and Intel." http://www.businessinsider.com/r3-fixed-income-trading-blockchain-experiment-2016-3?utm_content=buffer5ac67&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Friend or foe of ILP? "Open Blockchain is based on the expectation that there will be many blockchain networks, with each network ledger serving a different goal. While there may be a popular single instance of a general-use network, there is no requirement for any one network ledger to rely upon any other network for its core functionality. Despite this level of network independence, Open Blockchain still requires an addressing system that allows transactions on one ledger to discover and utilize appropriate transactions and smart contracts (chaincode) on other ledgers." -- https://github.com/openblockchain/obc-docs/blob/master/whitepaper.md Although Wolpert of IBM did say that "Interledger-ing is important".

This is highly speculative but: 1. Tweet from Larsen regarding comments by John Wolpert, IBM's Global Blockchain Offering Director: 2. Quotes from Coindesk IBM Director Declares 'We’re All in on Blockchain' "John Wolpert gave an overview of IBM’s thesis on the technology, labeling blockchain projects such as bitcoin and Ethereum as "first generation" versions of a concept that he believes suffer from deficiencies, both in technology and vision, that will hold back their ability to appeal to businesses." "It has to be immutable and modular," he said. "I can’t be this is the consensus algorithm, this is the token, all of that has to be modular. It has to be scalable. Interledger-ing is important. You have to inter-op between chains and different things." Perhaps he meant using Hyperledger as the interledger, but perhaps he means ILP...