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As this company has been focusing on the development of blockchain technology for financial institutions over the past few years, the title Ripple will be known by digital money enthusiasts. Or to be more exact, they provide global financial settlement solutions.

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Alex Pentland, MIT Professor, shared his vision as follows:

In this new experiment with Ripple, we are taking MIT’s experiential research strategy to the blockchain, and we anticipate this collaboration will provide us new opportunities to test and deploy data programs and research.We’re pleased that the Ripple team has fostered a meaningful dialog with us about the future of finance through the decentralization of digital currencies and value.

Professor Pentland and Managing Director David Shrier will lead the involvement of MIT as a Ripple Consensus Ledger validator. Moreover, MIT Link Science will continue to create novel blockchain initiatives, and open source their code projects under the Internet Trust Consortium”umbrella.”

Both entities have a lot of respect for each other, and Ripple is very excited to have MIT on board. Allowing money to move freely through the world — like how information is shared on the Web —  is a significant project, and with such a renowned institute contribute to these efforts can be invaluable to Ripple.

It has to be said that MIT will not need to use up resources to be a validator on the Ripple Consensus Ledger. All of these systems may be compared to running an email server, and are lightweight. Keeping in mind 30 banks around the world have embraced this technology, things that are exciting seem to be on the horizon for all partiescasino bitcoin no deposit bonus the best payout for bitcoin casino

What are your ideas on MIT becoming a validator on the Ripple Consensus Ledger? Tell us in the comments below!

Source: Business Wire

Images courtesy of Ripple, MIT, en.wikipedia.org

Source: bitcoincasinoreview.info

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