Hyperledger Quilt started around 18 months ago and is an implementation of the Interledger Protocol (ILP), which helps facilitate transactions across ledgers.
ILP eases the pain of making and receiving payments when the sender and recipient live in different countries or have accounts on different networks. According to the ILP website, the protocol provides for routing payments across different digital asset ledgers. With ILP, money and other forms of value can be packetized, routed, and delivered over different payment networks and ledgers.
Hyperledger Quilt is an enterprise grade implementation of ILP. It’s developed in Java.
“The idea is that Quilt will become a ledger interoperability solution for Hyperledger projects,” says a Hyperledger blog posting.
Quilt is a tool that joins five Hyperledger sub projects. The open source group’s Executive Director Brian Behlendorf said Hyperledger’s technical steering committee must approve each new sub project, and it’s looking for projects that “represent different thinking.”
NTT Data, Everis, and Ripple are committing full-time engineering resources to the Quilt tool.