Jump to content

Chat: General


BobWay
 Share

Recommended Posts

Hey Bob, not sure if you touched on this yet or not, but I was wondering if there was a focus on incorporating Artificial Intelligence into XRP-Ledger, Codius, or Interledger. I know of a few blockchain platforms (i.e. Matrix AI) that are using AI within their blockchain, especially smart contracts, to allow the average or novice person to utilize natural language programming to initiate/create smart contracts. So, basically, the AI does all of the various code computations converting free-form text or natural language into an actionable smart contract. 

Link to comment
Share on other sites

4 minutes ago, King34Maine said:

 I was wondering if there was a focus on incorporating Artificial Intelligence into XRP-Ledger, Codius, or Interledger.

I haven't heard of anything specific. I doubt it would apply to XRP Ledger or Interledger. But AI agents could utilize either of those to ledgers while running external to them. Which is really what Codius is designed to do. Run "smart contract" algorithms off-ledger (external to where the accounting is done).

I'm sure someone might eventually do something like you wrote about above for codius, but as you describe it, that seem great for any general programming task. A smart contract is just one simple instance of that larger class of general programming.

There is nothing particularly "smart" about most contract. The term was just to contrast with the "dumb" method of making humans interact at every step in a process.

Link to comment
Share on other sites

34 minutes ago, BobWay said:

I moved the above question to General from the introduction List.

Santander is very forward thinking. They were also very eager to expand their corridors. So if that is what they say, I'd believe them at face value.

What maybe be confusing people is the difference between xRapid as a product and XRP as a bridge or settlement asset. Specifically, xRapid started out initially as a product marketed towards payment services and remittance companied. This is a separate payment ecosystem to bank transfers. (There are other payment ecosystems). The xRapid product uses XRP as its bridge asset in order to facilitate liquidity for those payment services companies.

Santander started out using xCurrent before xRapid even existed (if memory serves). All xCurrent customers get to decide how they want to configure each of their corridor's liquidity relationships. Often they use some form of synchronized nostro or vostro accounts. But of course these need to be pre-funded or settled after the fact. How that happens is up to the bank. XRP payment paths are as good a solution to pre-funding or settling bi-lateral (two party) accounts as they are for other types of payments. 

I have no specific information regarding the latest on Santander, but It is reasonable to presume that xCurrent banks might decide to use XRP in their flows, without being that effort branded as xRapid. Since the xRapid branding was developed for a different industry.

Thanks for your thoughts!

Link to comment
Share on other sites

On 3/21/2019 at 5:57 PM, BobWay said:

I have to admit, I never notice him until I showed up in this forum a week or so ago. Don't remember anyone at Ripple every mentioning the name either. There are lots of loud people on the internet. Ripple has a social media team to monitor things, but maybe I was long gone from the company then. But going back in time, the only time I remember the company caring about internet trolls, was back in the "ripplescam" days. I've posted on that elsewhere in this forum.

By the way, people keep saying "leaking information".  Did he ever say anything that turned out to be true? Or that demonstrated advanced knowledge of a pending ripple press release?

That was one of my questions ( unanswered comment in your introductory post). I've never seen anything really reliable. SamIAm is expert in taking him seriously.

Link to comment
Share on other sites

On 3/17/2019 at 3:47 PM, BobWay said:

The mechanism is NOT in action yet and it is by no means "magic". It can't "spike" the price on demand.

The mechanism is meant to drive XRP into the bridge currency position. It does this by steering payment from traditional fiat/fiat corridors to fiat/xrp/fiat corridors. But to make that work it needs as much RippleNet payment volume as it can get. That includes both bank payment volume and xRapid payment volume.

The mechanism in ONE way to unite to currently different ecosystems. Bank payments vs Payment Service Provider payments.  Into a single unified system. This has to potential to drive a huge "network effect". (google that term)

Hi Bob,

When you say the "mechanism is NOT in action yet," is this because it's not finished technically speaking, or is it because the RippleNet volume has not reached the necessary threshold to actually "drive XRP into the bridge currency position?"

Whatever the reason, when would you expect to see the mechanism activated?

Thanks very much for sharing your point of view and for helping to keep us XRP speculators grounded in reality.

Walt

Link to comment
Share on other sites

Just a clarification on this from above.

16 hours ago, princesultan said:

Not sure what thread to add this to, but What’s your thoughts on this @BobWay?

 

I responded:

15 hours ago, BobWay said:

I moved the above question to General from the introduction List.

Santander is very forward thinking. They were also very eager to expand their corridors. So if that is what they say, I'd believe them at face value.

What maybe be confusing people is the difference between xRapid as a product and XRP as a bridge or settlement asset. Specifically, xRapid started out initially as a product marketed towards payment services and remittance companied. This is a separate payment ecosystem to bank transfers. (There are other payment ecosystems). The xRapid product uses XRP as its bridge asset in order to facilitate liquidity for those payment services companies.

Santander started out using xCurrent before xRapid even existed (if memory serves). All xCurrent customers get to decide how they want to configure each of their corridor's liquidity relationships. Often they use some form of synchronized nostro or vostro accounts. But of course these need to be pre-funded or settled after the fact. How that happens is up to the bank. XRP payment paths are as good a solution to pre-funding or settling bi-lateral (two party) accounts as they are for other types of payments. 

I have no specific information regarding the latest on Santander, but It is reasonable to presume that xCurrent banks might decide to use XRP in their flows, without being that effort branded as xRapid. Since the xRapid branding was developed for a different industry.

It turned out that my interpretation was incorrect.

 

You can see their link for the details of their press release. This is still great news for the ecosystem. I still expect Santander to stay on the cutting edge of everything RippleNet is doing. I would not be surprised to see them attempt to "out grow" everyone else in the space on these payments.

Link to comment
Share on other sites

On 3/24/2019 at 3:29 AM, BobWay said:

There is nothing particularly "smart" about most contract. The term was just to contrast with the "dumb" method of making humans interact at every step in a process.

Unfortunately, my extensive research indicates there isn't much contract in "smart contracts" either so I've been using inverted commas for a while myself... :)

I might be biased because I'm involved in the relevant Working Group but I think Hyperledger is closer to the mark by designating these things as "chaincode". It's not a very catchy name but at some point a suitable taxonomy will emerge to recognise the developing jurisprudence in the space so we can drop the quotes and truly speak of smart contracts.

Link to comment
Share on other sites

Hey @BobWay

Does Ripple integrate its solutions for its customers or are other cloud providers making Ripple solutions available through their own cloud platforms? A few come to mind SAP, Volante, Temenos, Bluezelle, Microsoft etc. The community has definitely speculated on this:

Bluzelle/Temenos:

Volante:

https://www.volantetech.com/news-events/press-releases/volante-technologies-launches-accelerator-for-bank-integration-to-ripple-s-distributed-financial-technology

 

Is cloud+Payments as a Service the future? :JC_thinking:

 

Link to comment
Share on other sites

Hi @BobWay I was wondering if you can comment on any ripple intergration into banking software providers ie Temenos SAP Earthport TAS group etc. Was this a strategy ripple planned or did they think it an easier way into the major banks through the current backend software providers?  Thank for all the time you are taking to educate the community 👍🍺

Link to comment
Share on other sites

@BobWay  I have a question about R3 Corda Settler. We know that through their alliance with SBI they intend to use XRP.

Do you know of any plans by R3 to use XRP in the Corda settler for the rest of the world?

 

Thanks in advance.

Link to comment
Share on other sites

I wonder if anybody in here can offer insight into this stable coin and how it might affect XRP: XDR http://mile.global 

It's aimed at cross boarder remittance, especially for the underbanked, and apparently it's backed by the by the IMF's basket of currencies (SDR). 

Edited by VanGogh
Link to comment
Share on other sites

 Share


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.