cmbartley Posted February 11, 2016 Share Posted February 11, 2016 Hyperledger Project Looks at Options to Build Blockchain Technology with IBM, DTCC, SWIFT, and Others Perhaps HyperLedger is Ripple's actual competition... https://bitcoinmagazine.com/articles/hyperledger-project-looks-at-options-to-build-blockchain-technology-with-ibm-dtcc-swift-and-others-1455127292?utm_content=bufferd15aa&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer Link to comment Share on other sites More sharing options...
Guest Posted February 11, 2016 Share Posted February 11, 2016 (edited) Ripple has actually contributed code to the project: http://www.linuxfoundation.org/news-media/announcements/2016/02/linux-foundation-s-hyperledger-project-announces-30-founding Quote Global Business Leaders Contribute to Hyperledger Since announcing the intent to form in December, the Hyperledger Project has received proposed code and technology contributions from several companies, including Blockstream, Digital Asset, IBM and Ripple. Other community members are contemplating contributions of their own. I don't think the Hyperledger project is a competitor at all in the normal sense of the word. I think it's going to be a toolkit and software for running and modifying a distributed ledger and consensus network to do whatever you want it to do. Edited February 11, 2016 by Guest Link to comment Share on other sites More sharing options...
rippleric Posted February 11, 2016 Share Posted February 11, 2016 (edited) So if Hyperledger is open-source, How does DAH and other partners benefit from building and using this DLT?? Especially if they are the only ones using it? Edited February 11, 2016 by rippleric karlos 1 Link to comment Share on other sites More sharing options...
JoelKatz Posted February 11, 2016 Share Posted February 11, 2016 One possible plan for the project is to build a set of tools that could be assembled to form private/permissioned blockchain/ledger systems to meet a variety of use cases. Participants could, for example, build a proprietary blockchain solution around this toolkit. The project could also produce various functional units (such as optimized storage, smart contracts, or a reference consensus implementation) that participants could use to build proprietary blockchain systems. zea, MundoXRP and rippleric 3 Link to comment Share on other sites More sharing options...
cmbartley Posted February 11, 2016 Author Share Posted February 11, 2016 (edited) 33 minutes ago, JoelKatz said: One possible plan for the project is to build a set of tools that could be assembled to form private/permissioned blockchain/ledger systems to meet a variety of use cases. Participants could, for example, build a proprietary blockchain solution around this toolkit. The project could also produce various functional units (such as optimized storage, smart contracts, or a reference consensus implementation) that participants could use to build proprietary blockchain systems. Will be interesting to see how it all plays out. Maybe they've pivoted some this talk suggests they're competing with Ripple specifically on settlement but without a native currency. Moreover, sounds like they'd have a hidden ledger which banks might prefer to smart XRPers being able to divine and track a bank's Ripple wallet transactions... unless they've incorporated Ripple ILP code into their stack, which would be great...: Edited February 11, 2016 by cmbartley Warbler 1 Link to comment Share on other sites More sharing options...
T8493 Posted February 11, 2016 Share Posted February 11, 2016 50 minutes ago, cmbartley said: Moreover, sounds like they'd have a hidden ledger which banks might prefer to smart XRPers being able to divine and track a bank's Ripple wallet transactions.. Well, if smart XRPers can track transactions, then the competing banks can do the same on private ledger. And competing banks are much more resourceful than smart XRPers. Link to comment Share on other sites More sharing options...
thinlyspread Posted February 11, 2016 Share Posted February 11, 2016 I really like what IBM and Hyperledger are doing, and this focus towards "decoupling" and the modularisation of distributed ledger technologies. Fits perfectly with the IoV and what Ripple are aiming at with Interledger. Link to comment Share on other sites More sharing options...
Guest Posted February 11, 2016 Share Posted February 11, 2016 (edited) big lie on his slide: bitcoin confirmation: 10-60 mins, ripple: 10 seconds, hyperledger: 200-400ms. that should be 2-10 seconds for ripple, quite a difference! and hyperledger's claim is way too optimistic, considering ping times can be close to 400 ms, and that's just for the tcp roundtrip. I may assume the protocol requires multiple steps from payment initiation to confirmation, possibly even involves a chain of multiple nodes, as i see in his drawing, so it should at least be a multitude of ping times. https://wondernetwork.com/pings Edited February 11, 2016 by Guest Link to comment Share on other sites More sharing options...
Mercury Posted February 11, 2016 Share Posted February 11, 2016 (edited) 8 hours ago, tomxcs said: Ripple has actually contributed code to the project: http://www.linuxfoundation.org/news-media/announcements/2016/02/linux-foundation-s-hyperledger-project-announces-30-founding I don't think the Hyperledger project is a competitor at all in the normal sense of the word. I think it's going to be a toolkit and software for running and modifying a distributed ledger and consensus network to do whatever you want it to do. Remember that there are shades of differing degrees between the two Hyperledgers. One was acquired by Digital Assets (along with its business goals) and there is the Hyperledger trademark Digital Assets gifted to the Linux Foundation (along with some source code). Although in code they might be the same (not sure if Digital Assets retains control over some of the assets), the end goal is not. One was a competing business to Ripple (somewhat), the other is a open sourced tool kit for others to build upon. Edited February 11, 2016 by Mercury dazlightyear 1 Link to comment Share on other sites More sharing options...
yxxyun Posted February 11, 2016 Share Posted February 11, 2016 Another private blockchain platform, R3 was saved by this project. Link to comment Share on other sites More sharing options...
tommytrain Posted February 17, 2016 Share Posted February 17, 2016 I still refer to Meher Roy's original whitepaper to help understand certain things blockchain - dzham and Hodor 2 Link to comment Share on other sites More sharing options...
Guest Haydentiff Posted February 18, 2016 Share Posted February 18, 2016 6 hours ago, tommytrain said: I still refer to Meher Roy's original whitepaper to help understand certain things blockchain - This is a great paper. Thanks for sharing! Link to comment Share on other sites More sharing options...
Hodor Posted February 21, 2016 Share Posted February 21, 2016 On Thursday, February 11, 2016 at 11:49 AM, lucky said: big lie on his slide: bitcoin confirmation: 10-60 mins, ripple: 10 seconds, hyperledger: 200-400ms. that should be 2-10 seconds for ripple, quite a difference! and hyperledger's claim is way too optimistic, considering ping times can be close to 400 ms, and that's just for the tcp roundtrip. I may assume the protocol requires multiple steps from payment initiation to confirmation, possibly even involves a chain of multiple nodes, as i see in his drawing, so it should at least be a multitude of ping times. https://wondernetwork.com/pings I agree with this assessment. It is widely known there is an absolute limitation for how many transactions per second bitcoin can handle, and I know I've seen some similar upper limitation based on the way that Ripple validators currently are configured, but I don't think it is accurately represented in this at all - My "send" transactions are measured and responded to in less than a second on the Ripple network (round trip back to my browser makes it about one second). Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now