Popular Post RafOlP Posted December 5, 2016 Popular Post Share Posted December 5, 2016 (edited) From the fed's paper: https://www.scribd.com/document/333308566/Distributed-ledger-technology-in-payments-clearing-and-settlement#from_embed?content=10079&ad_group=Online+Tracking+Link&campaign=Skimbit%2C+Ltd.&keyword=ft500noi&source=impactradius&medium=affiliate&irgwc=1 Quote In addition, a particular industry development of note is the Interledger Protocol (ILP) which allowstransactions to flow across different ledgers and creates connection points between two or more digitalledgers. In effect, the protocol defines a set of procedures for proposing a payments path andcryptographically escrowing funds across a series of interoperable ledgers and then subsequentlyexecuting the escrowed transactions once the recipient of the payment validates or acknowledgesreceipt of payment. The ILP is being developed as an open standard and is intended to improveinteroperability and streamline the process for transferring digital assets by enabling entities in differentcountries with different payment systems to more easily transact with one another. Adoption of this ora similar protocol could spur further innovation and adoption of DLT-based systems for the cross-borderpayments use case. Here is the coindesk coverage: http://www.coindesk.com/federal-reserve-central-bank-distributed-ledger-research-paper/ Looks like interledger is taking the place it deserves as an equalizer in the financial industry. Edited December 5, 2016 by RafOlP Phintech, Malloy, FMGC and 7 others 10 Link to comment Share on other sites More sharing options...
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