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

Hi Evan,

Thanks for making the update, and also for continuing to help promote within the group the importance of the value web and the ability to use open web based standards  for not just making web based payment requests, but also for moving value more efficiently. I also think that this is a critical space that the web can help with, so I really appreciate you and the team at Ripple helping to bring the task force forward and helping to lead it.  I cannot say enough how awesome it is to be able to have so many different perspectives on the group that are all coming together to make this happen in such an open and constructive way.

Thanks again!

Pat
From: Evan Schwartz <evan@ripple.com<mailto:evan@ripple.com>>
Date: Wednesday, April 29, 2015 at 12:14 PM
To: Patrick Adler <patrick.adler@chi.frb.org<mailto:patrick.adler@chi.frb.org>>
Cc: Web Payments IG <public-webpayments-ig@w3.org<mailto:public-webpayments-ig@w3.org>>
Subject: Re: [value web] Blog Post: Building the Value Web with Open Standards

Patrick,

I very much agree about the promising collaboration this group represents!

I edited that sentence to make it "existing and future payment systems".

My point there was not to claim that the group is focused exclusively on incumbent systems. Rather, the line I'd draw is between:

  1.  having a layer of abstraction that sits above all existing and future payment systems and accommodates whatever disparate APIs and formats they use, or
  2.  working on a standard that would need to be adopted by payment systems themselves to standardize the APIs and formats developers and users use to interact with them, and to enable a new kind of funds settlement over the web

On Tue, Apr 28, 2015 at 8:06 PM, Adler, Patrick <patrick.adler@chi.frb.org<mailto:patrick.adler@chi.frb.org>> wrote:
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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Evan Schwartz | Software Engineer | Ripple Labs
[ripple.com]<http://ripple.com>


This e-mail message, including attachments, is for the sole use of the intended recipient(s) and may contain confidential or proprietary information.  If you are not the intended recipient, immediately contact the sender by reply e-mail and destroy all copies of the original message.