Re: Release of PaySwarm Payment Processor (p3)

Here are links for those who would like more information on Web
Payments CG (http://www.w3.org/community/webpayments/), and the Credentials
CG (http://www.w3.org/community/credentials/).

Eric Korb, President/CEO - accreditrust.com

On Mon, Jan 19, 2015 at 11:07 AM, Manu Sporny <msporny@digitalbazaar.com>
wrote:

> Today, Digital Bazaar is making a public statement of intent to
> implement standards-track specifications that may be generated by the
> Web Payments Activity at W3C[1] (which may include the implementation of
> various Credentials CG specifications). We are doing this for a number
> of reasons:
>
> 1. To do our part to ensure that the Web Payments Activity,
>    any any subsequent Credentials work, is successful by providing half
>    of the required implementations necessary to reach W3C
>    Recommendation status.
>
> 2. To send a strong signal to financial and credentialing organizations
>    that there will be an implementation for them to integrate into
>    their systems when the technologies are ratified.
>
> 3. To be transparent about how the technology works by providing source
>    code access to our implementations.
>
> 4. To help spur more R&D in this area by providing a platform for
>    hobbyists and researchers to experiment with Web Payments
>    and Credential technologies.
>
> We are accomplishing the above by releasing two of our core products to
> Github under a non-commercial license (free to use for
> hacking/research/trial purposes).
>
> The first is called Bedrock[1], which helps organizations build the
> server-side and client-side portions of REST API-driven modern Web apps.
> It has useful built-ins like user account management, strong
> cryptography support, Denial-of-Service protection, identity and
> credentials, digital signature support, native JSON-LD support in
> MongoDB, and many other built-in features (runs on Linux, Mac OS X, and
> Windows):
>
> https://github.com/digitalbazaar/bedrock#bedrock
>
> The second is called p3 (the PaySwarm Payment Processor), which is built
> on top of Bedrock. P3 is a Web application and REST API service that can
> be used to deploy Web Payments as a Service (WPaaS) for banks, financial
> institutions, and individuals that want to manage their own financial
> resources (there is a strong credentialing component to what we're doing
> here as well):
>
> https://github.com/digitalbazaar/p3#payswarm-payment-processor-p3
>
> The p3 code base is the software that powers https://dev.payswarm.com/.
> It implements many of the specifications that the JSON-LD CG, the Web
> Payments CG, and the Credentials CG have been working on for the past
> few years. From this day on, all development on these two projects will
> happen via the public Github repositories.
>
> I'd like to make it clear that these two code bases are not being
> released as open source software; it's non-commercial software. While we
> do release quite a bit of software as open source, the reasons we chose
> to do this release under a non-commercial license can be found here:
>
>
> https://github.com/digitalbazaar/bedrock/blob/master/FAQ.md#is-bedrock-open-source
>
> There is still quite a bit of work to do on the two software projects
> above, but we wanted to release the source code sooner than later so
> that others may use it to perform research and play around with the
> various experimental Community Group specifications. We hope this
> release will be a positive contribution towards the Credentials work as
> well as the Web Payments Activity. I'll stop here and respond to any
> questions the group may have about this release. Thoughts?
>
> -- manu
>
> [1] To be clear, there currently are no standards-track specifications
> related to Web Payments or Credentials yet, but based on the current
> trajectory of the Web Payments Interest Group, Digital Bazaar expects
> there to be a number of them over the next few years.
>
> --
> 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/
>
>