Recent studies emphasize that Ripple may serve as a systemic solution to combat global financial instability, reflecting on the exploration of new technologies post-2008 crisis.
Ripple's Role in Financial Infrastructure
According to conference materials, the 2008 global financial crisis catalyzed the development of new cross-border transfer systems. Dr. I.A. Kopytin noted that post-economic breakdown, there was a rising need for improved mechanisms, and Ripple was cited as one of the technologies addressing this demand. The document referred to the 'Ripple fintech system' alongside other initiatives like IBM's Blockchain World Wire and JP Morgan Chase's Interbank Information Network.
Transparency and Protection Against Risky Products
The third aspect, shared in SMQKE's tweet, asserts that blockchain-based systems, such as Ripple, can support safer financial ecosystems. One excerpt states that the transparency offered by digital ledgers helps prevent over-derivatisation, an underlying cause of the 2008 financial crisis. The use of digital ledger technologies can mitigate these risks by providing clarity and simplifying financial exposures.
Blockchain in Financial Reform
SMQKE’s tweet reveals how Ripple’s technological framework has been cited in formal economic research as a viable post-crisis response. Although the documents do not suggest that Ripple alone can prevent future crises, they present its system as part of a broader effort to modernize the financial industry after 2008. The highlighted materials reinforce that blockchain’s transparency and programmability offer safeguards absent in older systems.
The acknowledgment of Ripple in academic circles as a systemic solution highlights its relevance not only in the crypto space but also in the broader financial infrastructure striving for more resilience and transparency.
