From the internet of information to the internet of value

With today’s internet of information you can’t store, move, transact value without a powerful intermediary. And that’s what blockchains solve.

Blockchain technology will have a dramatic impact on business and society, by providing a secure, direct way of exchanging money, intellectual property and other rights and assets without the involvement of traditional intermediaries like banks, utility companies and governments.

At the heart of this transformation is the XRP Ledger.

The XRP Ledger is an open-source, decentralised blockchain designed for rapid transactions at little to no cost. Unlike a traditional banking network, XRPL has no central authority controlling it – rather, it has a ‘Unique Node List’. This mechanism ensures the security and integrity of the network by only allowing trusted nodes to facilitate transactions.

XRPL can even connect with other payment networks through the Interledger Protocol, allowing cross-border transactions without needing a pre-funded account.

Real World Applications

1.  Cross Border – On-Demand Liquidity allows financial institutions to send money instantly without requiring a pre-funded accounts, reducing costs, complexity and settlement times. 
2. Stablecoins – Government and private institutions can issue stable coins and central bank digital currencies, as XRPL is a suitable platform for national and corporate digital currencies. 
3. Decentralised Finance – XRPL has a decentralised exchange and automated market maker, allowing users to participate in DeFi by providing liquidity, trading assets and earning a passive income. 
4. Tokenised Assets – Assets such as real estate, commodities and stock can be tokenised on XRPL, allowing fractional ownership, increased liquidity, and global accessibility for assets previously out of reach for most.