SWELL - Ripple ILP, Ethereum, Microsoft

[tomb]

I couldn’t pay a ton of attention to SWELL but from what I gathered (please correct me anywhere I’m wrong) there seems to be some possible hidden hype/relationship around Ripple's Interledger Protocol, Microsoft and Ethereum.

———

Pre-SWELL

Marley Gray of Microsoft

“Ripple starts to make a lot of sense especially when you throw the Interledger Protocol into the mix. At the end of the day, the thing underlying all of these applications and smart contracts (Ethereum) is payments.”

”In all of these interactions, you’ll have to move money around. So you will need Ripple for that.

We see Ripple and ILP becoming part of the fabric of this multi-chain reality.”

Source: https://ripple.com/insights/microsofts-marley-gray-ripple-and-ilp-will-be-the-fabric-of-multi-chain-future/

———

SWELL

1) Bill Gates

Gates Foundation partnership

 

2) Vitalik Buterin

"You may want to have digital assets that are based on one chain to be usable on another chain. You may want contracts that are on one chain to be able to send funds to other chains." 

 

3) Stefan Thomas

Anyone else see the connection between Ripple, Ethereum and Microsoft? 

[otstudio]

I am with you on this idea. I am not thinking there is a formal business agreement between these parties necessarily....

But as we have seen, Ripple's strategy is not to pump Ripple and specifically XRP. (much to many of this communities' whining about missing lambos)......

Rather, Ripple in the past has been very clear they want to create a "bigger pie" and an open system in blockchains. Get as many players in the field to build specific tools for specific use cases, but allowing for interoperability to make the network as large as possible and cross communication. Ripple, as a company, has focused on cross border payments and specifically, RippleNet. They have banks on board and using it. It's a matter of time till the clients/banks take on the rest of the product suite, including XRP to complete moving to digital instead of legacy. They are counting on other players in other fields to bring their solutions to the table with the agreement for a standard communication protocol, ILP. 

It is also very clear to me that Ripple is in the background maneuvering to make XRP the most compelling use case when a token is needed; but you can only drive that demand once the need for it arrives.

I fear if Ripple would insist that XRP be forefront and center and they would be forcing XRP on clients; in the long run would turn folks away because you're creating a walled garden. We may get a several month/year pump to maybe several dollars per XRP, but it wouldn't last and someone with a better plan will come along to standardize everything. For now.... I support Ripples strategy. Sure, they've had communication hypes and bumps; but I fault that primarily to community twisting things beyond proportion equally to Ripple communications team. 

I am here for the haul... glad I got in back at .006 and can't wait to to see what another year brings us. 

Cheers. 

[Guest]

Wow, Ripple, Ethereum, and Microsoft, all in 1 parntership? There is already ripple and microsoft partnered, now we just need ethereum, and why would vitalik come to this SWELL conference is ripple is a crypto competitor( In terms of volume for individual crypto)

[DarthTrader]

hmmmm i think there is no need for ethereum. Microsoft is working on a codius based solution for smart contracts.

[Guest1]

ETH, Microsoft and Ripple are already in a partnership via integration using ILP.

ILP is like HTTP and integrates all websites underneath it.

Ripple plans to focus on making XRP the dominant bridging currency within the ILP.

This is why you hear and read so much about ILP and why Stefan Thomas is keep on mentioning ILP a lot more than XRP.

[tomb]

7 hours ago, DarthTrader said:

hmmmm i think there is no need for ethereum. Microsoft is working on a codius based solution for smart contracts.

Is codius back???

[RLP18PharmD]

5 minutes ago, tomb said:

Is codius back???

I sure hope so. I remember some where Stefan Thomas saying that it is a possibility, however, they didn't have enough bandwidth needed to accommodate or scale the project appropriately. Maybe Microsoft can help with that:

 

 

[RLP18PharmD]

Very Interesting article, surprised I hadn't ran across it before. 

I really like Marley Gray's comments:

"We actually went to Ripple first early on in the process but we weren’t sure at the time how payments fit into our model. But as we started learning more about how all these different pieces fit together in the ecosystem, Ripple starts to make a lot of sense especially when you throw the Interledger Protocol into the mix. At the end of the day, the thing underlying all of these applications and smart contracts is payments.................

In financial services, I think we’re going to see a mixture of different blockchain technologies. There will be many, many chains—chains for swaps, chains for bonds. They’ll each have different characteristics. We’ll see chain patterns evolve. You could plug and play various consensus algorithms based on the products that exist on that chain.

Given this multi-chain vision, we see smart contracts as a key piece. Then you need ILP, which is the glue in the system that holds everything together, so that different chains can interoperate. That means a derivatives chain can interact with the securities chain it’s derived from. In all of these interactions, you’ll have to move money around. So you will need Ripple for that."

Edited October 18, 2017 by RLP18PharmD

[DarthTrader]

3 hours ago, tomb said:

Is codius back???

Yes there was an online article about microsoft is building something similar to codius