BLOCKCHAIN
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“ TODAY ’ S PAYMENTS NETWORKS ARE SILOED AND PROPRIETARY . BECAUSE BLOCKCHAIN AND DIGITAL ASSETS CAN HELP ALLEVIATE THIS ASPECT , PRIORITISING ITS DEVELOPMENT BY PROVIDING DEVELOPERS WITH THE TOOLS THEY NEED WILL BE AN IMPORTANT STEP ON THE JOURNEY TOWARDS DIGITISING MONEY ”
— Ethan Beard , Senior VP , Xpring at Ripple
into proprietary technologies where they are stuck paying fees in a deadend environment , which is why they turn to open-source technologies .” He relates that at the beginning of 2020 , the company introduced its Interledger Protocol STREAM on the Xpring SDK to enable the faster integration of streaming payments within developers ’ apps . “ While this is just one example of the problems developers are facing when integrating blockchain , we are seeing more solutions that are encouraging the widespread adoption of blockchain technology across industries .”
Blockchain ’ s potential , then , may increase simply as it is made easier for developers to use ; a clear demonstration of its power and utility could be the deciding factor . “ Among the industries where blockchain ’ s potential can be felt most immediately is payments ,” Beard continues . “ Today ’ s payments networks are siloed and proprietary . Because
OCTOBER 2020