**Update: Interesting discussion going on here
Payments for the Internet Age
The Hyper Ledger Transaction Protocol (HLTP) is a protocol designed from the ground up to enable payments for the internet age. With decentralised nodes running in multiple geographies and jurisdictions, hyperledger provides an amazingly quick, reliable and secure way to record transfers of assets such as digital currencies across the world within seconds, not minutes.
Lightweight - Designed for simplicity and speed
Open - Not controlled by a single company
Equal - No special denominated currency
Fair - No pre-mining or allocations
Efficient - No energy intensive proof of work
Fast - Capable of processing thousands of transactions per second
Decentralisation: The Best of Both Worlds
Current payment systems are highly centralised, relying on third party networks like Swift to interact with each other. Highly centralised systems are very fast but they have single points of failure, you have to have complete trust in the one entity, and if they disappear, your data and money does too. Some internet payment networks have withheld funds from legal entities for no clear reason.
This problem has been solved by totally distributed systems, like Bitcoin. However, the gain of totally trustless transactions comes at a cost of network efficiency; slow confirmation times, an ever growing blockchain, and energy intensive mining. Bitcoin can always be improved, but fully distributed networks are systemically slower then centralised networks by their very nature.
We believe there are trade-offs between the two and that decentralisation is the sweet spot. Small amounts of trust reap huge gains in efficiency. The vast majority of the world are used to trusting single entities, public or private, and in many cases prefer to have some sort of entity responsible. hyperledger can evolve the current system to bring the benefits of revolutionary distributed systems.