Internet of Payments (IoP) enables payment processing over many kinds of IoT devices and has also led to the emergence of the micro-transaction. It’s an area of rapid growth.
Recently, the SNIA Cloud Storage Technologies Initiative (CSTI) hosted a live webcast Technology Implications of Internet of Payments. The talk was hosted by me, with Glyn Bowden from HPE and Richard George from HLPS providing expert insight.
In the course of the conversation, several comments and questions arose, and they are summarized here. Feel free to view the entire discussion and provide us with feedback on the talk. We are also always interested on topics you’d like to see us cover in the future.
Q. When considering digitization of assets, currency is not locked to a solid standard. That is, they are not based on specific physical assets. Many new digital currencies are therefore unstable. But the proposition here is that they would be more secure because they’re locked to real physical value. Is that correct?