Investor Stern Drew has made a statement regarding the supposed collaboration between Ripple and Stellar aimed at creating foundations for a unified global financial system. He believes that a key aspect of this collaboration is Zero-Knowledge (ZK) technology and the involvement of major institutional players.
Zero-Knowledge Proofs and Digital Identity
According to Drew's claims, Zero-Knowledge protocols help validate information without revealing the data. He emphasizes that Ripple, Stellar, and their partners are integrating this technology through a digital identity framework. Drew also notes that Stellar developers have confirmed that Protocol 24 will secure the network's leadership in privacy and ZK integration.
Technical Developments on Stellar and XRP Ledger
Drew elaborates on how Stellar and the XRP Ledger are technically prepared for the upcoming changes. Stellar is integrating ZK primitives, smart contracts, and state proofs. The XRP Ledger supports decentralized identifiers (DIDs) and sovereign data layers.
Institutional Support and Global Coordination
Drew provides examples of institutional participation, noting that JP Morgan has developed a digital identity platform for Web3. He highlights that BlackRock and other major players are already investing in digital identity and ZK technologies, indicating serious coordination in this area.
Stern Drew emphasizes the importance of adopting digital identity and Zero-Knowledge technologies, claiming that they create a foundation for future financial systems that could enhance personal independence and provide users with greater control over their data.
