The document discusses the Interledger Protocol, which aims to enable seamless payment interoperability across different ledgers and networks while addressing the disconnect in existing payment systems. It highlights the benefits of internetworking for connecting ledgers, facilitating lower costs for transactions and enabling new business models. The document also mentions the support and contributions from various banks, tech companies, and organizations involved in the Interledger community.

1. Interledger
Evan Schwartz
Co-Inventor of Interledger
Managing Director of Ripple Luxembourg
Enabling the Internet of Value

2. Data Moves Freely
0011010011010100110100110101100110100110101

3. Why Doesn’t Money?
€€€€€ €€
€

4. Accepting Payments In a Turkish Coffee Shop

5. Payment Methods Accepted By Prineta.com
Accepting Payments Online

6. Blockchains Are Not Interoperable

7. The World Will Never Agree
On One Ledger

8. Payment Networks Are Disconnected
8
BlockchainBanks Mobile Money Online Wallets

9. RESULT
Frustration for Consumers, Merchants and Corporates

10. You can email me at
evan@ripple.com
even if you don’t use Gmail

11. You should be able to pay me at
evan@my-ledger.com
even if you’re on a different ledger

12. Interledger
The protocol for connecting ledgers

13. Let’s see it in action!

14. Interledger is
not a blockchain

15. Interledger is
not a network

16. Interledger is
an internetworking protocol

17. internetworking

18. in·ter·net·work·ing
The interconnection of two or more
networks so as to form a larger network.
noun

19. Everywhere you want to be.
There are some things money can't buy.
For everything else, there's MasterCard.

20. is what matters.
REACH
In global payments today,

21. This used to be true for
information networks, too.

22. "… biggest …"
"… more members …"
"… more services…"

23. Internetworking commoditized reach.

24. America's fastest Internet.
Reliable. Safe. Fast.
High-speed Internet from AT&T
Fast, reliable, unlimited Internet

25. COST
SPEED
Now, it's all about
RELIABILITY SIMPLICITY

26. COST
SPEED
Internetworking changes the game.
QUALITY
REACH

27. Payment Networks Are Disconnected
27
BlockchainBanks Mobile Money Online Wallets

28. BlockchainBanks Mobile Money Online Wallets
28
Internetworking For Payment Networks

29. Interledger
The protocol for connecting ledgers

30. Interledger
provides:
1. Connectors
2. Address + Packet
3. Security

31. Connectors Link Two Ledgers
Connector
Alice 100
Chloe 0
Chloe 107
Bob 0
EUR USD

32. TO:
us.wf.bob
Connectors Use the Packet and Address to Route Payments

33. Sender Attaches Interledger Packet to Local Transfer
Alice 100
Chloe 0
Chloe 107
Bob 0
100
us.wf.bob
107.00

34. Connector Forwards the Packet via Another Transfer
Alice 0
Chloe 100
Chloe 107
Bob 0
us.wf.bob
309.00

35. Paths Can Be Extended to Connect Everyone

36. This Is The Internet of Value

37. Interledger is inspired by the
history and architecture
of the Internet

38. Internet Is A Simple Protocol With A Layered Architecture
IP
WIFI BLUETOOTH ETHERNET
Internetwork
Network
Transport TCP UDP
Application HTTP SMTP NNTP NTP RTP

39. Interledger Is A Simple Protocol With A Layered Architecture
ILP
CASH BANKS BLOCKCHAIN
MOBILE MONEY
Interledger
Ledger
Transport IPR SSP ...
Application SPSP PPSP RPSP...

40. The Internet: Just Cost Saving?

42. Removing Fixed Costs Enables Smaller Transactions
unviable viable viable
fixed cost
Transaction size
Cost
Transaction size
Cost
pre-internetworking
fixed costs price out
long-tail use cases
post-internetworking
new business models
become possible

43. The Internet Enabled Completely New Business Models

44. The Internet of Value is a game changer.

45. Interledger Project
KEY FACTS
Open Protocol Community Group @ W3C 230+ Contributors
Banks
Central banks
Payments companies
Tech giants
Consulting companies
Blockchain companies

46. ● Banks
● Central Banks
● Tech Companies
● Blockchains
Interledger Adoption

47. ● Banks
● Central Banks
● Tech Companies
● Blockchains
Interledger Adoption

48. Sample of Ripple’s Customers
48

49. ● Banks
● Central Banks
● Tech Companies
● Blockchains
Interledger Adoption

50. ● Banks
● Central Banks
● Tech Companies
● Blockchains
Interledger Adoption

51. W3C Web Payments Working Group

52. W3C Web Payments Working Group
Adrian Hope-Bailie Nick Telford-Reed

53. ● Banks
● Central Banks
● Tech Companies
● Blockchains
Interledger Adoption

54. Blockchain and ILP
Natively ILP-enabled
ILP compatible

55. ● Banks
● Central Banks
● Tech Companies
● Blockchains
● You
Interledger Adoption

56. “Dial-Up” Interledger

57. ILP-Enablement
Also Known As The Right Way

58. Adoption To-Date
Status: Not Great

59. Protocols Have Humble Beginnings
Gotta Start Somewhere

60. Dial-Up Interledger

61. Dial-Up Interledger
Connector

62. Dial-Up Interledger
User Connector

63. Dial-Up Interledger
ACH, SEPA, PayPal, ...
User Connector

64. Dial-Up Interledger
Cash
User Connector

65. Separated Clearing & Settlement

66. Connect To Or Run An “ILP Kit”

67. Get Involved at
Interledger.org

68. Get Involved at Interledger.org
Find Me After to Get an
Interledger Sticker ;-)