Ribbit.me joins Hyperledger Project

Blockchain and smart contracts startup Ribbit.me announced this week in a press release sent to CoinReport that it has joined The Linux Foundation’s Hyperledger Project.

“Ribbit.me is very excited to be part of such a prestigious and high-profile project as The Linux Foundation,” said Greg Simon, CEO and co-founder of Ribbit.me. “It’s like a dream come true to be able to contribute to the Hyperledger project and to work with the level of players within the Foundation. We have much to offer, and believe that we will make our mark in contributing to the furthering of blockchain technology utility.”

Ribbit.me is one of the latest companies to join the project, which was announced last December with 30 founding members. Among the companies already participating include Blockchain, Cisco, J.P. Morgan and Wells Fargo.

Specifically, Ribbit.me will contribute code and expertise to the development of a modular and standardized approach for using distributed ledger technology. Ribbit.me has already taken a modular approach in the development of its Abstracted Value Consensus Protocol (AVCP), a next-generation blockchain and smart contract solution for enterprise users and service providers.

Image via press release