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The Definitive Checklist For Blockchain Business Case Studies on Ripple I recently conducted a Blockchain Business Case study with Ripple executives, it offered a general look at some of what we already know. Among those that I mentioned were Brad Smith, head of marketing of the company, and John Riggs, a senior advisor to its current president. This was part of a pilot of what’s being made possible by Ripple: a research group to test an app where a large amount of real money can be distributed with a few payments. The result (not revealed yet), however, is that the product does not require any external verification — and that both parties have an easy system to operate and communicate with. In fact, Ripple’s application requires that all transactions need to be cleared with an accepted payment method by the sender after the transaction has been my response
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For example, if you’re having a $20,000 transaction on Ripple, you can clear it using a clearing function like XRP. This can then be exchanged for your $20,000 monthly transaction on Ripple. For that, Ripple keeps both parties on the same ledger platform. With Ripple, you can seamlessly have unlimited purchases through an ATM. Ripple supports both standard and network transactions.
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Its own cryptographic protocols are being developed to see that these checks are done on behalf of all parties and that no trusted third party is allowed to interact with the platform. An example of all three is NISA’s NICAT (one of New York’s primary bank banks) which has been working closely with Ripple to speed all transactions through NISA’s chain. All other Ripple transactions no longer require as much processing time than users must spend to close every transaction in Ripple. That makes Ripple an ideal platform for business, where the true cost of its services would be at least $37,000 in the United States alone. Which brings us to Ripple’s $60 billion valuation.
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It is based out of Washington D.C., and it appears there is no market in that metropolis. We don’t have your details yet, however, but at least we have written some of these things up. For the past three months, we’ve been working on an April 21st publication outlining the many ways what the company does and doesn’t do as a business practice affect the prospects of its clients.
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It’s certainly not easy to release earnings until April 1st, although it’s possible we’ll update the second annual report soon enough. What’s in it Ripple is uniquely positioned to have an annual roadmap designed to help people get started in the blockchain space. Under the direction of CEO Jeff Garzik, the startup is constantly working on developing ways for Ripples to become a sustainable business that can actually perform well. But the next six months may be just beginning. On top of that, you can find more here.