Re: [value web] Blog Post: Building the Value Web with Open Standards

Hi Evan,

Thanks for sharing this. I think it highlights the incredible benefit that interoperability of payment networks and formats can bring. It also showcases the unique role that open web-based standards can play in helping to achieve the “Internet/Web of Value”. In reading, and reflecting on your post, I would submit that the primary focus of the IG’s work has not been "to build an abstraction layer on top of the existing payment systems”, but rather to build an abstraction layer which promotes open web based standards for ALL payment systems – both existing and emerging.  The work and the vision that the IG has undertaken has to work as well for inter-network payments as it does  for closed-loop payments networks – just as existing web standards can work on public and private networks alike.  One of the most inspiring things about the IG to me, is that it has so many different perspectives from so many different kinds of organizations who are all coming together to help define and craft these important standards.  We have some of the best and the brightest from merchants, technology companies, banks, telecom companies, security firms, digital currency and smart contracts companies, credit card companies, mobile wallet providers, and many others – all coming together in a collaborative way that helps to pave the way for making payments better for everyone.  I’m proud to be part of such a talented group of people and am looking forward to seeing what we can build together!

Best regards,

Pat

From: Evan Schwartz <evan@ripple.com<mailto:evan@ripple.com>>
Date: Tuesday, April 28, 2015 at 10:11 AM
To: Web Payments IG <public-webpayments-ig@w3.org<mailto:public-webpayments-ig@w3.org>>
Subject: [value web] Blog Post: Building the Value Web with Open Standards
Resent-From: <public-webpayments-ig@w3.org<mailto:public-webpayments-ig@w3.org>>
Resent-Date: Tuesday, April 28, 2015 at 10:11 AM


I wrote a blog post about the idea of the Value Web and the types of standards I think we need to realize that vision:

http://www.w3.org/blog/wpig/2015/04/28/building-the-value-web-with-open-standards/

Comments and questions are more than welcome! Also let us know if you're interested in getting involved in the Value Web task force.


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