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Re: Gates Foundation announces LevelOne Project

From: Joseph Potvin <jpotvin@opman.ca>
Date: Wed, 13 May 2015 19:51:05 -0400
Message-ID: <CAKcXiSqKq3xT2X5RXL0MLBOc8vmvbVV8eiry8GP-M+by3dNngQ@mail.gmail.com>
To: Web Payments IG <public-webpayments-ig@w3.org>
I wonder what proportion of the target clients of LevelOne would ever read
and then understand the Terms & Conditions:
https://leveloneproject.org/terms-and-privacy/
...which refers to:
http://www.gatesfoundation.org/Global-Access/Terms-of-Use
and
http://www.gatesfoundation.org/terms-of-use

Seriously.

Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
jpotvin@opman.ca
Mobile: 819-593-5983

On Wed, May 13, 2015 at 1:20 PM, Ian Jacobs <ij@w3.org> wrote:

>
> > On Apr 30, 2015, at 8:32 PM, Manu Sporny <msporny@digitalbazaar.com>
> wrote:
> >
> > The Gates Foundation has just announced their LevelOne project, which is
> > an attempt to extend financial services to the world's unbanked and
> > underbanked:
> >
> > https://leveloneproject.org/
> >
> > If you only have 5 minutes, here's a video summarizing the project:
> >
> > https://leveloneproject.org/videos/overview/
>
> Hi Manu,
>
> Catching up on this; thanks for the pointers. The video was indeed helpful.
>
> >
> > A few weeks ago, I was invited out to the Gates Foundation to
> > participate in the work that led to this announcement. There is a very
> > large amount of overlap with the work we're doing here and the work that
> > the Gates Foundation needs to have happen to achieve the mission they've
> > outlined for the LevelOne project.
> >
> > There are use cases that we should integrate into our use cases document:
> >
> >
> https://leveloneproject.org/the-guide/user-requirements-behind-the-level-one-project-guide/
>
> This is also useful and I think aligns with the architectural capabilities
> we are discussing
> as well as the audience-specific benefits.
>
> >
> > There is also a great deal of "lessons learned" that should deeply
> > impact our thinking wrt. the design of the Payment Architecture:
> >
> >
> https://leveloneproject.org/the-guide/payment-systems-lessons-learned-and-highlights/
> >
> > Finally, they've released a Digital Financial Services guide that
> > outlines the key components that they believe will lead to successful
> > deployments of digital payment systems.
> >
> > https://leveloneproject.org/the-guide/guide-for-digital-payments-system/
>
> In that document in particular I find the section on “conditions necessary
> for success” section
> very relevant to our upcoming FTF discussion about deployment.
>
> Also, the design principles align to a certain degree with our own
> architectural vision,
> except that their list is more specific because they are designing a new
> system, while we are
> supporting existing systems as well.
>
> Here’s a quick comparison:
>
> * Open Loop: Web is open loop. We expect Web to act as a bridge between
> both open and closed loops.
> * Immediate funds transfer. I think our expectation is to impose no time
> delays by virtue of our architecture. Any
>   delays will be inherent to the underlying systems.
>  * Push payments: We are enabling both push and pull payments within the
> system.
>  * Same-day Settlement: Our expectations is to impose no time delays by
> virtue of our architecture
>  * Open international standards: Yes!
>  * Irrevocability: That seems to be a property that we would not enforce
> directly through our architecture but
>    would depend on an underlying system.
>  * Shared fraud service: Same
>  * Tiered KYC: Same
>
> Ian
>
> >
> > This work, and the US Fed Faster Payments work, are two very important
> > guides that should impact the technical direction of the work at W3C.
> >
> > I learned a great deal more during my time at the Gates Foundation and
> > hope to share with the group during our call next week now that the
> > embargo has been lifted.
> >
> > -- 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/
> >
>
> --
> Ian Jacobs <ij@w3.org>      http://www.w3.org/People/Jacobs
> Tel:                       +1 718 260 9447
>
>
>
>


--
Received on Wednesday, 13 May 2015 23:51:55 UTC

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