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Internet of value

The classic Internet is the Internet of information. It is different with the Internet of Things( IoT), where devices, smart objects and machines communicate with each other. The further development of the Internet, the Internet of Values, is about the transmission of values.

In the Internet of Values, anything that represents value can be stored on the Internet or transferred from one peron to another. Values can be material, intellectual or social in nature. It can be currencies or cryptocurrencies, stocks, bonds, real estate, funds or jewelry, intellectual or creative property, identities and much more. All of this can be transferred on the Internet of Values and change hands in real time. Transactions in the Internet of Values take place directly between the two transfer partners without the need for additional intermediaries who drive up the cost of the transactions. In addition, transactions in the Internet of Values have a high level of security because they are based on a blockchain.

As a distributed ledger technology( DLT), the blockchain provides a transparent, decentralized ledger of accounts that all participants can view. In addition, the blockchain ensures that all values are stored in the Internet of Values and none can be manipulated or deleted.

Englisch: Internet of value
Updated at: 24.06.2019
#Words: 203
Links: Internet, information, Internet of things (IoT), smart, transmission
Translations: DE

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