Session:Interledger: Streaming Micropayments + Connecting (Crypto)Currencies

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Description What if money worked like the Internet, with all currencies and payment networks connected together? Interledger is an open payment protocol inspired by TCP/IP that could be the foundation for an "Internet of Value". This session presents the Interledger Protocol, "streaming payments", and shows how the protocol can connect any type of currency. We'll also discuss the implications of this technology for society, the Internet, and the very nature of money.
Website(s) https://interledger.org
Type Talk
Kids session No
Keyword(s) software
Tags cryptocurrency, micropayment, internet of value, blockchain, network, networking, open source, bitcoin, ethereum
Person organizing User:Emschwartz
Language en - English
en - English
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Starts at 2017/12/28 14:00
Ends at 2017/12/28 15:00
Duration 60 minutes
Location Room:Seminar room 14-15

What if money worked like the Internet, with all currencies and payment networks connected together? What if we could send fractions of cents to anyone in the world, instantly and practically for free? How would this change the business model of the Internet and the global economy?

This talk presents Interledger, an open payment protocol inspired by TCP/IP that could be the foundation for an "Internet of Value". It gives an overview of how Interledger uses an IP-like packet to route money across independent payment networks and it describes recent work on a TCP-like protocol for splitting payments into small chunks. The presentation will include micropayment use case demos and will finish with a discussion of the implications of this technology for society, the Internet, and the very nature of money.