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.

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
en - English
Related to Interledger
Other sessions...
Subtitle Interledger Protocol (ILP) and Frictionless, Universal Payments
Starts at 2015/12/29 16:00
Ends at 2015/12/29 17:00
Duration 60 minutes
Location Hall 14