Re: A Web of Ledgers [via Interledger Payments Community Group]

Hey Melvin,

These are the kinds of things I hope we'll start exploring in this group.

The ILP paper proposes a protocol but not the standard interfaces and
messages that participants should implement to use ILP. The authors of the
paper are working on some reference implementations which I think will be a
good starting point.

It will be interesting to compare that with Web Credits.

Adrian

On 9 October 2015 at 10:54, Melvin Carvalho <melvincarvalho@gmail.com>
wrote:

>
>
> On 9 October 2015 at 19:42, W3C Community Development Team <
> team-community-process@w3.org> wrote:
>
>> Twenty five years ago the Web changed how we share information. Today
>> anyone
>> with Internet access can access trillions of documents instantly and for
>> free.
>> But the same has not happened for payments. It is still cheaper and
>> faster in
>> many cases to send a bundle of cash via Fedex than to send an
>> international
>> wire. In order to change that, it's important to learn from the
>> experience of
>> the Web.
>>
>> What made the Web - and the Internet for that matter - so powerful, was
>> the fact
>> that it allowed systems to offer interoperability while placing minimal
>> requirements on them. Interoperability enabled competition because even
>> smaller
>> providers could reach a global audience. And the technical minimalism of
>> the Web
>> platform resulted in tremendous diversity.
>>
>> Can we do the same for payments?
>>
>
> I think so, yes! :)
>
> I would like to see a ledger defined somewhere.  In particular the minimal
> fields that can be used to create a ledger, which I think are:
>
> <identifier> : <amount>
>
> And an extensibility mechanism.
>
> A URI is the logical choice for identifiers, and RDF for extensibility,
> IMHO.  That's the solution I am working on, to ensure interop.  Loosely
> based on:
>
> http://www.w3.org/community/webpayments/wiki/Web_Credits
>
> Any other systems out there?
>
>
>>
>>
>>
>> ----------
>>
>> This post sent on Interledger Payments Community Group
>>
>>
>>
>> 'A Web of Ledgers'
>>
>> https://www.w3.org/community/interledger/2015/10/09/a-web-of-ledgers/
>>
>>
>>
>> Learn more about the Interledger Payments Community Group:
>>
>> https://www.w3.org/community/interledger
>>
>>
>>
>>
>