The process of values being mapped to blockchains requires abstracting the transactional logic from the business logic on each transaction. Initially, the Internet of Values was created with a strong ecommerce attribute. However, the concepts brought forward by IoA are also ideal for the ecommerce economy.
Since the Internet of Values is based on the Internet of Information, the Internet of Values contains most of the features of the Internet of Information. However, as far as information transmission is concerned, there is a notable difference between the Internet of Values and the Internet of Information: The Internet of Values is based on peer-to-peer networks using the User Datagram Protocol, which is why the Internet of Values has certain bottlenecks. In the future, the performance of the Internet of Values will gradually approximate the performance of Internet of Information, so that business scenarios and the ecommerce transactions involved can be seamlessly coded in the same program. However, judging from the current situation, we expect this will take a long time. The current Internet of Values will need a more flexible blockchain with parallel event firing and true parallel computing optimization using a fully Turing-Complete Virtual Machine with much more robust consensus mechanism.
Understanding the “value” on the Internet of Value (IoA)
Before discussing what eComX does and how it can revolutionize the ecommerce economy, it is important for us to explain what the “value” in the Internet of Values is as it relates to ecommerce. We have already seen the profound impact of the Internet of Information on our lives. We can equally expect that the Internet of Values will bring about tremendous changes to our lives too. We may understand the types of information on the internet, but few discuss the “value” on the Internet of Values.
First, the values on the Internet of Values must, at a minimum, be tokenized to enter the blockchain, and at best, the values would exist as tokens circulating in a blockchain, and the process of mapping values to the Internet of Values is the process of tokenization of anything that can be bought and sold, traded, and transacted upon within ecommerce as it relates to IoA.
If the tokens on the blockchain represent the crypto-ecommerce transactions, then the digital data structure of the assets will be represented by a token, and at a minimum, it will be wrapped and encapsulated by a general-purpose token that can transport the digital data into the blockchain.
It is through this process that the Internet of Values allows more and more transactions to take place in the decentralized internet of values. making transactions with no intermediaries as easy as sending information and the programming of this type of transactions as easy as programming information, making the prospect of the Internet of Values similar to the prospect of the Internet of Information.
This prospect has already begun to emerge with the Ethereum when the ERC20 protocol came out, but Ethereum as a unifying blockchain for ecommerce is limited by its inherent lack of interoperability since it cannot communicate with centralized systems and act across blockchains and across external datasets. It also has limitation on scalability as the crypto-ecommerce chain of the future must be able to dynamically handle huge number of transactions a very high speed, similar to way the internet of information handles the transfer of information digitally.
Finally, the Values on the Internet of Values must become diverse for it to have a positive impact in ecommerce. In other words, if tokenization is profitable then, anything can be traded from a seller to a buyer, thus becoming a value in the internet of values.
eComX.org is a non-government organization based on the USA & Switzerland
www.eComX.orgwww.eComX.worldinfo@eComX.world
