Re: Update: Five Attributes of Payment

On 08/31/2014 09:12 PM, Emil Chan wrote:
> After reading the thread of messages in the charter, I found that
> quite a few innovations mentioned are already realized and being used
> in China on daily basis.

We'd love to hear about it, Emil. Specifically, a list of all of the
innovations that you feel already exist that we're chartered to
standardize. Keep in mind that we are talking about world standards
here, not just ones deployed in China, and not just ones deployed by
giant organizations like Alibaba. That said, it would be really helpful
to understand more about the Chinese market and where you think they're
ahead of the world when it comes to payments and general transmission of
value.

One thing we keep hearing is how well the 3rd party Alipay escrow
payment service works among Chinese citizens.

> I am writing to the group as I think it will be a pity if the future 
> payment practice ended up like the current internet world - Internet
> and the Chinese Walled Internet. What are your thoughts?

Yes, that would be a shame and we want to try and avoid it as much as
possible. Any help that you could provide the group in building a bridge
between the east and west would be very much appreciated.

The hope is that adoption of this technology will follow the same
adoption route that the Web technology took. That is, even though there
is much of the Chinese Walled Internet, and the "Western" world's
Internet, the same basic technologies (HTTP, HTML, web browsers) are
used throughout.

That is, I'm still able to take my Taiwanese-built laptop running an
American-made operating system with a Norwegian-made web browser into
China and browse European websites (the ones that aren't blocked, at
least).

> I am happy to share my experience about of Chinese mobile payment 
> development to the group if you are interested.

Yes, very interested.

-- manu

-- 
Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
Founder/CEO - Digital Bazaar, Inc.
blog: The Marathonic Dawn of Web Payments
http://manu.sporny.org/2014/dawn-of-web-payments/

Received on Tuesday, 9 September 2014 01:26:12 UTC