ValueWeb: How Fintech Firms are Using Bitcoin Blockchain and Mobile Technologies to Create the Internet of Value
The next generation internet, the Internet of Things, cannot work without an Internet of Value. The Internet of Value — or ValueWeb, for short — allows machines to trade with machines and people with people, anywhere on this planet in real-time and for free. The problem is that our old system cannot work that way, as it takes days to process and costs a fortune. Using a combination of technologies from mobile devices, wearables and the bitcoin blockchain, fintech firms are building the ValueWeb regardless. What does that mean for financial institutions, governments and citizens? This book provides the answers. Chris Skinner one of the most authoritative voices on FinTech anywhere has provided us another timely and thoughtful look into the fascinating convergence of technology, e-commerce, and finance that is changing the world.- Seth Wheeler, Former Economics Advisor to the US President and The White HouseSkinner’s ValueWeb is a sweeping and well-researched analysis of the big technology trends that will shake the windows and rattle the walls of the industry-Don Tapscott, Best Selling AuthorThis book will be an invaluable read for all interested in the way business works.-Sir Roger Gifford, Former Lord Mayor of London Best insight into money in the 3rd industrial revolution, aka the digital revolution, you will read.-Lawrence Wintermeyer, CEO Innovate Finance This is another must-read, not only for those interested in the world of FinTech, but anyone wanting to get a glimpse of a future where monetary and non-monetary transfers occur instantaneously across mobile and digital networks.-Jim Marous, The Financial Brand/Digital Banking Report Chris has a great eye for the case studies and practical examples of innovation that help you to really reflect on where banking is going.-David Birch, Director Consult Hyperion
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ValueWeb: How Fintech Firms are Using Bitcoin Blockchain and Mobile Technologies to Create the Internet of Value
The next generation internet, the Internet of Things, cannot work without an Internet of Value. The Internet of Value — or ValueWeb, for short — allows machines to trade with machines and people with people, anywhere on this planet in real-time and for free. The problem is that our old system cannot work that way, as it takes days to process and costs a fortune. Using a combination of technologies from mobile devices, wearables and the bitcoin blockchain, fintech firms are building the ValueWeb regardless. What does that mean for financial institutions, governments and citizens? This book provides the answers. Chris Skinner one of the most authoritative voices on FinTech anywhere has provided us another timely and thoughtful look into the fascinating convergence of technology, e-commerce, and finance that is changing the world.- Seth Wheeler, Former Economics Advisor to the US President and The White HouseSkinner’s ValueWeb is a sweeping and well-researched analysis of the big technology trends that will shake the windows and rattle the walls of the industry-Don Tapscott, Best Selling AuthorThis book will be an invaluable read for all interested in the way business works.-Sir Roger Gifford, Former Lord Mayor of London Best insight into money in the 3rd industrial revolution, aka the digital revolution, you will read.-Lawrence Wintermeyer, CEO Innovate Finance This is another must-read, not only for those interested in the world of FinTech, but anyone wanting to get a glimpse of a future where monetary and non-monetary transfers occur instantaneously across mobile and digital networks.-Jim Marous, The Financial Brand/Digital Banking Report Chris has a great eye for the case studies and practical examples of innovation that help you to really reflect on where banking is going.-David Birch, Director Consult Hyperion
46.95 In Stock
ValueWeb: How Fintech Firms are Using Bitcoin Blockchain and Mobile Technologies to Create the Internet of Value

ValueWeb: How Fintech Firms are Using Bitcoin Blockchain and Mobile Technologies to Create the Internet of Value

by Chris Skinner
ValueWeb: How Fintech Firms are Using Bitcoin Blockchain and Mobile Technologies to Create the Internet of Value

ValueWeb: How Fintech Firms are Using Bitcoin Blockchain and Mobile Technologies to Create the Internet of Value

by Chris Skinner

Hardcover

$46.95 
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Overview

The next generation internet, the Internet of Things, cannot work without an Internet of Value. The Internet of Value — or ValueWeb, for short — allows machines to trade with machines and people with people, anywhere on this planet in real-time and for free. The problem is that our old system cannot work that way, as it takes days to process and costs a fortune. Using a combination of technologies from mobile devices, wearables and the bitcoin blockchain, fintech firms are building the ValueWeb regardless. What does that mean for financial institutions, governments and citizens? This book provides the answers. Chris Skinner one of the most authoritative voices on FinTech anywhere has provided us another timely and thoughtful look into the fascinating convergence of technology, e-commerce, and finance that is changing the world.- Seth Wheeler, Former Economics Advisor to the US President and The White HouseSkinner’s ValueWeb is a sweeping and well-researched analysis of the big technology trends that will shake the windows and rattle the walls of the industry-Don Tapscott, Best Selling AuthorThis book will be an invaluable read for all interested in the way business works.-Sir Roger Gifford, Former Lord Mayor of London Best insight into money in the 3rd industrial revolution, aka the digital revolution, you will read.-Lawrence Wintermeyer, CEO Innovate Finance This is another must-read, not only for those interested in the world of FinTech, but anyone wanting to get a glimpse of a future where monetary and non-monetary transfers occur instantaneously across mobile and digital networks.-Jim Marous, The Financial Brand/Digital Banking Report Chris has a great eye for the case studies and practical examples of innovation that help you to really reflect on where banking is going.-David Birch, Director Consult Hyperion

Product Details

ISBN-13: 9789814677172
Publisher: Marshall Cavendish International (Asia)
Publication date: 04/07/2016
Pages: 424
Product dimensions: 6.10(w) x 9.00(h) x 1.20(d)

About the Author

Chris Skinnerisbest known as an independent commentator on the financial markets through theFinanser (www.thefinanser.com) and Chairof the European networking forum The Financial Services Club, which he foundedin 2004. He is the author of DigitalBank and ten other books covering everything from European regulations inbanking through the credit crisis to the future of banking, and is a regularcommentator on BBC News, Sky News and Bloomberg about banking issues.

Table of Contents

Introduction 12

1 Welcome to the Valueweb 16

The way value is shared, on the ValueWeb

The ValueWeb and biometric blockchain authentication

The origins of money is part of our DNA

2 The Valueweb Builder Part One: A Mobile Networked Planet 37

Exchanging value from anywhere, anytime, anyplace

Generational gaps

Mobile makes invisible banking visible (again)

Mobile is the authentication tool

As mobile came alive, PayPal almost died

Wallet wars haven't really started yet…

Is Apple Pay the wallet to rule them all?

Have banks made a fatal mistake?

Will bank developments in China lead to a global mobile banking revolution?

When everyone on the planet has a mobile, things change

Africa shows the way to the future

Are banks failing to grasp the mobile opportunity?

3 The Valueweb Builder Part Two: Cryptocurrencies 79

Digital currencies-a hot topic of debate

What is this thing called bitcoin?

The Mt. Gox meltdown

Crime-as-a-service with bitcoin

Regulating cryptocurrencies

Why Bitcoin needs a Foundation

Why value stores need regulations

What can you buy with a bitcoin?

What will make bitcoin succeed?

An $81 million transaction that cost just 4 cents to process

4 The Valueweb: Fuelled By Fintech 110

Why would VCs invest so much in FinTech?

As robo-advisors take over

The FinTech march into investment banking

The reports of my bank's death are greatly exaggerated

Is FinTech so special?

The special relationship

What FinTech means for banks

What do narrow banks mean for wide banks?

When paying is free, what then?

If services are free, how do we make money?

How will banks differentiate in the future?

Customer engagement in a digital world

5 The Impact of the Valueweb on Existing Financial Institutions 148

Major parts of banking are stuck in the last century

The friction of the old versus new models of finance

Old banks need to reconstruct themselves

The back office in the cloud

The middle office, open-sourced bank

The front office, customer-focused bank

The component-based bank

When we have component-based banking, what happens to the regulator?

Banks as Value Systems Integrators

Moving from banks as money stores to value stores

Data personalisation strikes at the heart of bank disruption

6 Reinventing Value Exchange with the Blockchain 186

The importance of cryptocurrencies and the blockchain to banks

The Uber of the ValueWeb is the blockchain

Digital identities demand a digital infrastructure

Will the blockchain replace SWIFT?

What does the ValueWeb mean for bank branches?

Will this lead to a digital divide?

The role of the bank branch in the digital age

7 The Digital Bank for the Valueweb 219

Digital banks do not have channels

Digital banks think differently

Take the test: does your bank think like a traditional bank or a digital bank?

Banks with pre-internet age core systems have a heart that is no longer beating

Banks without a digital core will fail

The biggest banking challenge is leadership

Becoming a digital bank: evolution or revolution?

The Value Web is like marmite

8 What Comes After the Valueweb? 247

The Internet of life

Case Studies

The bitcoin debate 257

Serial Entrepreneur (USA) Wences Casares

Chairman, The Bitcoin Foundation (USA) Brock Pierce

Crypto-economist (Europe) Jon Matonis

Author of BitCon: The Naked Truth About Bitcoin (USA) Jeffrey Robinson

Digital Money and Identity Guru (Europe) Dave Birch

CEO, SWIFT (Global) Gottfried Leibbrandt

The FinTech start-ups 314

CEO and cofounder, Ripple Labs (USA) Chris Larsen

Co-Founder, Deputy CEO and Board Member, Klarna (Europe) Niklas Adalberth

Founder of ipagoo (Europe) Carlos Sanchez

Co-Founder and CEO, Zopa (Europe) Giles Andrews

President, Prosper Marketplace (USA) Ron Suber

The bank start-ups 353

CEO of Atom Bank (Europe) Mark Mullen

CEO of Starling Bank (Europe) Anne Boden

Founder and CEO of Knab Bank (Europe) René Frijters

CEO of Metro Bank (Europe) Craig Donaldson

General Manager of CheBanca! (Europe) Roberto Ferrari

CEO of Fidor Bank (Europe) Matthias Kröner

CEO of Banco Original Guilherme (Guga) Stocco

The philanthropist 402

The Bill & Melinda Gates Foundation (Global) Kostantin (Kosta) Peric

Appendix: The Largest Fintech Unicorns 412

About the Author 421

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