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Published in:
2022 | OriginalPaper | Chapter
Defining the Internet of Value
Author : Horst Treiblmaier
Published in: Enabling the Internet of Value
Publisher: Springer International Publishing
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Abstract
This chapter begins by examining the development and evolution of the Internet and the rise of blockchain. It then moves on to the various definitions of the Internet of Value (IoV), noting that blockchain is the commonality between all of them. A definition of the IoV is suggested as the “instant transfer of assets that can be expressed in monetary terms over the Internet between peers without the need for intermediaries”. The attributes of an effective IoV are described along with the potential enablers of its development. Finally, the chapter concludes with a high-level examination of the economic impact that the successful enablement of the IoV could have.