Ripple Layers

[jmz]

Hello,

I just got through reading Sepp Hasslberger's article:

http://blog.hasslberger.com/2006/03/ripple_pay_open_source_cashles.html

He outlines 4 layers to Ripple:

1) The system layer,
2) The interpersonal layer,
3) The business layer,
4) The banking interface,

are these layers documented in detail anywhere?

thanks!

Joshua Zeidner
http://www.joshuazeidner.com/2008/03/in-we-we-trust-prospect-of-local.html

[Ryan Fugger]

Hi Joshua. There is more information about the system layer at
http://ripplep2p.com/wiki/, although it may not be very well organized
at the moment :) The interpersonal layer and the business layer are
not very well documented, and I would encourage anyone with a taste
for community organizing to give organizing a community of ripple
users a go and document their efforts. Mats Eriksson, who is involved
with the project, is looking into this currently.

Given the difficulty or lack of effort dedicated to bootstrapping
interpersonal Ripple, I have been plotting how to get banks to start
Rippling amongst themselves. The cool thing about that is that they
can use broker intermediaries between them (ie, entities with accounts
at multiple banks) to reduce their exposure to other banks'
obligations (always a concern with interbank payment systems). That
leaves an opening for nonbanks to get into the payment system
directly, while banks can remained as government-regulated stores of
value. Those nonbanks could be entities like paypal and e-gold, or
corporations wanting to do foreign exchange, or individuals -- which
gives a hook into the banking system for interpersonal Ripple.
Anyways, this avenue seems promising to me now, although we'll see
what the banks think. I'm in conversation with a few people in the
industry to find out how feasible this approach might be. I'd love to
hear from anyone with banking experience on this.

Ryan

[Joshua Zeidner]

 Hi Ryan,

   Thanks for that link, thats exactly the kind of thing I was looking for.  Is there some kind of project schedule posted?

 thanks, jmz

--

- http://www.joshuazeidner.com/

[Ryan Fugger]

There is no project schedule. It's hard to schedule a process until
it's well-defined, and the process of bootstrapping the Ripple network
certainly isn't that... Input's always welcome though :)

Ryan