A New Business Model for the Internet
| Description | Much of today’s Internet is powered by ads and data sales. No wonder: users have gotten used to “free” services and it’s no easy feat for companies to get people to pay or support what they use. But of course “free” is a far cry from *freedom*.
If payments were instant, practically free, and managed automatically (e.g. by web browsers), online services could sustain themselves without tracking us or pleading us to click to donate. An open payment method for the web that could it possible for providers to charge tiny amounts to customers visiting websites. It could, at least in theory, change the way the Internet works -- but for the better or worse? Paid open source software could become a viable business. It could be the end of advertising and tracking. Or would it usher in a new age of paywalled content that would shut out those unable to pay? Would it provide an additional tool for surveillance or juicier targets for thieves? This workshop will include a short explanation and demonstration of the new Interledger Protocol (ILP) for payments across payment networks. ILP is an open payment protocol being developed in a W3C Community Group to enable secure transactions between bank accounts, Bitcoin wallets, community currencies, and more. We will discuss the pitfalls that have sunk many previous micropayment schemes and we will explore and debate the implications of actually bringing frictionless payments to the Internet. |
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| Website(s) | interledger.org |
| Type | Workshop |
| Kids session | No |
| Keyword(s) | social, political, software, web |
| Tags | micropayments, interledger, cryptocurrency, tracking, advertising, bitcoin, ripple |
| Person organizing | Emschwartz |
| Language | en - English |
| Related to | Interledger |
| Other sessions... | |
| Subtitle | Interledger Protocol (ILP) and Frictionless, Universal Payments |
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| Starts at | 2015/12/29 16:00 |
| Ends at | 2015/12/29 17:00 |
| Duration | 60 minutes |
| Location | Hall 14 |