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@prkzingis posted the following image in 'General Discussion'. I feel like it warrants a discussion in this sub-forum as it's important for the price of XRP in the long run. I think this original image must be from April, but none-the-less, it's useful for analysis and seems fairly accurate, although there's no mention of Bank of England and the PoC they completed. It'd be interesting to better understand how Ripple's tech fits into R3's PoC initiatives. Is Ripple's role within R3 to provide the necessary infrastructure to make bank/FI-specific Corda ledgers interoperable by utilising the ILP (xCurrent now, I think)? My understanding is that the long-term aim is for R3 group to provide FI grade distributed ledgers for banks and FIs, and xCurrent + xVia are Ripple's solutions that tie them all together. So the hope is that increasing adoption of RippleNet (essentially xCurrent + xVia) as the de facto mechanism for cross-border settlements between these ledgers will lead to the eventual adoption of xRapid (the use of the native XRP asset) as it further reduces costs and removes liquidity barriers. It seems to me that SBI are almost at that stage now, albeit through utilising the RC Cloud rather than a Corda solution... as such; we're expecting some form of XRP adoption in the autumn/fall. Essentially, R3/Corda is to the West what SBI/RC Cloud is to the East. If that's the case, then I will be keeping an eye on the outcome of R3 PoC's and the roll-out of Corda distributed ledgers as a key precursor to the XRP's inevitable moonshot. Can anyone shed light on this, or correct me if I'm way off the mark here?- 7 replies
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- settlements
- interledger
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Detailed blog of why XRP: https://briandcolwell.com/2017/06/the-ripple-effect-internationalizing-the-banking-industry/.html-
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- ripple xrp
- cryptocurrency
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