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Published in:
2022 | OriginalPaper | Chapter
Potential Sources of Internet of Value Systemic Risk
Author : Josep Lluis de la Rosa Esteva
Published in: Enabling the Internet of Value
Publisher: Springer International Publishing
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Abstract
With the continuous development of the Internet of Value (IoV), the lack of interoperability between networks of trust can become an important source of systemic risk. Indeed, the main problem that the blockchain technology faces at the moment for the sake of the IoV is the lack of interoperability and the obstacles faced in building a second and third layer network. Thus, interoperability is a must, and its lack is a potential source of systemic risk. This chapter explores some of these systemic risks arguing interoperability is of paramount importance, especially in the current expansion phase where the IoVs new business models come up to erase long-standing barriers and enable the democratisation of finance and property by empowering its users to transact instantly not only across borders, but also across currencies while closing cultural and socioeconomic gaps.