ValueWeb: How fintech firms are using bitcoin blockchain and mobile technologies to create the Internet of valueThe Internet of Things is all about machines trading with machines – your fridge orders groceries; your car, fuel; your television, entertainment; and so on. However, machines cannot trade with machines if it’s expensive and slow. Would you really want your TV to order the next season of Games of Thrones, if the payment took ten days and cost $25 or more? Unfortunately with the way the bank system works today, that is the problem we face today. As a result, we need an Internet of Value to work with the Internet of Things. The Internet of Value — or ValueWeb, for short — allows machines to trade with machines and people with people, anywhere on this planet in real-time and for free. Using a combination of technologies from mobile devices to bitcoin and the blockchain, fintech firms are building the ValueWeb. The question then is what does this mean for financial institutions, governments and citizens? This book provides the answers. |
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Valueweb: How Fintech Firms are Using Mobile and Blockchain Technologies to ... Chris Skinner No preview available - 2016 |
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Apple Pay asset Bitcoin Foundation blockchain blockchain technology building business model cash challenge cheque companies consumer cost create credit card crowdsourcing cryptocurrencies customers digital bank digital currency digital identity everything example Facebook Fidor FinTech focus focused Funding Circle global going Goldman Sachs Google happen industry infrastructure innovation interesting Internet of Things investment investors ipagoo J.P. Morgan Jamie Dimon Klarna launched legacy lenders lending loans look M-PESA marketplace MasterCard million mobile money mobile payment mobile wallet move network effect offer PayPal peer-to-peer peer-to-peer lending percent platform players real-time regulation retail Ripple risk Skype smartphone social media start-ups store of value structure SWIFT talk there’s trade traditional bank transactions trust users value exchange value stores ValueWeb Visa WeChat Zopa