Interledger: Digital currency to Offline currency

A discussion that explores the evolution of Ledgers from ledgers for Trade by Barter to Distributed Ledgers. It concludes with an introduction to Interledger.

Transcript

2. Interledger: Digital <> Offline currency Uchi Uchibeke Director of Developer Relations, Coil Founder, Chimoney
3. Meet ‘Uchi - Food-lover - Avid bad dancer - “Odogwu” Uchi Uchibeke Director of Developer Relations, Coil Founder, Chimoney
4. Imagine being able to pay with any Token any Currency any Airtime Mobile Money, … Anywhere @UchiUchibeke 4
5. @UchiUchibeke 5 Source: yourstory.com/2018/11/brief-history-money-barter-bitcoin/amp The Story of Ledgers
6. @UchiUchibeke 6 Source: yourstory.com/2018/11/brief-history-money-barter-bitcoin/amp The Story of Ledgers
7. Barter @UchiUchibeke 7
8. • P2P exchange of an item of value for another • Ledgers based on trust Ledgers for Trade by Barter @UchiUchibeke 8
9. @UchiUchibeke 9 Source: yourstory.com/2018/11/brief-history-money-barter-bitcoin/amp The Story of Ledgers
10. Centralized Ledgers @UchiUchibeke 10
11. • Trust based • Centrally controlled by one or a group of entities • Often restricted within a border Centralized Ledgers @UchiUchibeke 11
12. • Lenders • Saving Circles/Corporatives - Ajo, Esusu, Adashe, … • Banks • Lending Apps Centralized Ledgers - Examples @UchiUchibeke 12
13. @UchiUchibeke 13 Source: yourstory.com/2018/11/brief-history-money-barter-bitcoin/amp The Story of Ledgers
14. Distributed Ledgers @UchiUchibeke 14
15. • Trustless • Community or stakeholder led • Replicated • shared and synchronized • multiple sites, institutions, or geographies • accessible by multiple people Distributed Ledgers @UchiUchibeke 15
16. • Cryptocurrencies Distributed Ledgers - Examples @UchiUchibeke 16
17. 1 • Closed • Location or token dependent • Restricted value type: currency/token 2 • Open • Any token. Anywhere • Any value type VS Payments @UchiUchibeke 17
18. @UchiUchibeke 18 Source: yourstory.com/2018/11/brief-history-money-barter-bitcoin/amp Inter-connected-Ledgers
19. @UchiUchibeke 19 Source: yourstory.com/2018/11/brief-history-money-barter-bitcoin/amp Inter-connected-Ledgers
20. @UchiUchibeke 20 Source: yourstory.com/2018/11/brief-history-money-barter-bitcoin/amp Inter-connected-Ledgers
21. Interledger (ILP) @UchiUchibeke 21
22. • Open protocol • Send payments across ledgers • interoperability for any value type Interledger @UchiUchibeke 22
23. Imagine being able to pay with any Token any Currency any Airtime Mobile Money, … Anywhere @UchiUchibeke 23
24. • Web Monetization • Open • Web Standard • Streaming Payment • Rafiki • Open • API • Unlocks Interledger Interledger - Ecosystem @UchiUchibeke 24
25. Web Monetization is enabling web apps and websites everywhere to earn in real time @UchiUchibeke 25
26. • Freecodecamp.org • Hackernoon.com • Defold.com • Dev.to • Creativecommons.org • Enclavegames.com • And more developers.coil.com/community/who-is-web-monetized VS Who is Web Monetized @UchiUchibeke 26
27. Rafiki is open source It exposes a comprehensive set of Interledger APIs /interledger/rafiki @UchiUchibeke 27
28. @UchiUchibeke 28 Rafiki
29. • Visit the Coil Booth ◦ $10 in Tip credit ◦ 6 months of Coil for free ($30) • Contribute to Rafiki open source project ◦ github.com/interledger/rafiki • Apply for Grant for the Web ($100m fund) Next steps @UchiUchibeke 29
30. Questions...? interledger.org twitter.com/coil @UchiUchibeke 30