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Interledger

NOT ON THE CURRENT EDITION
This blip is not on the current edition of the radar. If it was on one of the last few editions it is likely that it is still relevant. If the blip is older it might no longer be relevant and our assessment might be different today. Unfortunately, we simply don't have the bandwidth to continuously review blips from previous editions of the radarUnderstand more
May 2018
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Most people may know the "Internet of money" through Bitcoin. In fact, this idea can be traced to the early stages of the Web. HTTP even reserved a status code for digital payment. The challenging part of this idea is to transfer value between different ledgers in different entities. Blockchain technology promotes this idea through building a distributed shared ledger. The current challenge is how to achieve interoperability between different blockchain ledgers and interoperability with traditional centralized ledgers. Interledger is a protocol to connect different ledgers. This protocol uses connectors and a cryptographic mechanism such as HTLC to route secure payments across ledgers. It’s not hard to join the payment network through its suites. Interledger was first initiated by Ripple and is now steadily developed by a W3C community group.