People say "#HBAR can do what #XRP can do" or "you can just use #BTC".
However this is only looking at the blockchain layer. #Ripple adds the relevant security and compliance layers to enable organisations to interact with the blockchain. There are currently no competing crypto companies that have committed to such compliances.
The attached image is from Ripples website. I have asked ChatGPT to explain the difficulty in obtaining each of these:
1. SOC 2 Type II
Difficulty: Moderate
Requires strong documentation and alignment with the Trust Services Criteria. If you already have robust security practices in place, the process is manageable. However, regular audits can be demanding.
2. ISO 27001
Difficulty: Moderate to High
Establishing an ISMS requires significant effort, particularly if your organization doesn't already have formal security policies and risk management processes. Continuous improvement and audits add to the workload.
3. FIPS 140-2 Level 4
Difficulty: Very High
This certification demands rigorous cryptographic and physical security measures. The testing and validation process is stringent, and achieving Level 4 is challenging, even for experienced teams.
4. EAL 5+ Common Criteria
Difficulty: Extremely High
This is one of the most demanding certifications, requiring detailed product design, extensive documentation, and a highly formal evaluation process. It’s typically pursued by organizations in defense or highly regulated industries.
General Challenges:
Cost: These certifications are expensive to achieve and maintain.
Time: They often take 6–24 months, depending on complexity.
Expertise: Requires skilled teams to implement controls, perform gap analyses, and prepare for audits.
If you're a smaller organization or new to compliance frameworks, SOC 2 and ISO 27001 are more achievable entry points. FIPS 140-2 and EAL 5+ are more suitable for advanced organizations with specialized needs.
ICYMI: Our Head of Research and Product, @Ray_scale, joined $LPT founder @petkanics to examine the use cases of @Livepeer.
Watch the full replay 👇
https://t.co/QZua2tXGcn
Senior VP At Ripple Markus Infanger explaining what is next for the XRP Ledger in this upcoming Bull Cycle:
“Bringing more RWA and parts of the traditional finance world ON-CHAIN”✅
“Ripple is CURRENTLY using blockchain technology TODAY that is compliant with existing regulations”✅
“We want to capture a portion of the QUADRILLION DOLLARS in financial markets ON-CHAIN”✅
“Regulation is moving crypto from the HYPE-CYCLE to a UTILITY CYCLE”✅
Quadrillions. Utility. RWA. Tokenization.
While many are distracted by all the noise in crypto, the serious players in this market are positioning themselves for success in this new paradigm shift. 💨
A shift where hype narratives are completely ignored and only UTILITY and SOLVING real world problems are in this spotlight. 🔑
This is why it is essential to do the proper research now to prepare for this.🤝
A final judgment. The Court rejects the SEC’s suggestion that Ripple acted recklessly and she reminds the SEC that this case did not involve any allegations of fraud or intentional wrongdoing, and no one suffered any financial harm. She rejects the SEC’s absurd demand for $2B in fines and penalties. We respect the $125M fine the Court has imposed for certain historic sales to sophisticated third parties.