Internet of Value vs Internet of Information: Is the Internet of Value the new Internet?

What is the internet of value?

The Internet of Value is an overlay to the Internet of Information that allows moving value over the internet in real-time between peers and without the need for intermediaries and related incurred costs. Just like users of the Internet exchange information in real-time without the need of third party authorization but only the use of the infrastructure, likewise on the Internet of Value peers will exchange value over the internet in terms of money, assets, property rights, vote, financial instruments, etc without a central authority validating transactions and only with the use of blockchain technology. As digital visionary Don Tapscott stated in 2016, the internet’s weak point is when you send information to someone over the internet, you don’t actually send the information itself but just the copy of this information allowing you to keep the original information (MacIver 2016). The underlying technology of the IoV that is blockchain solves this problem by eliminating double-spending and removing any incumbent company that used to do this in the past due to its decentralized nature. Hence, you don’t need any more to send the copy of the information but the information itself and pass ownership to the other party involved in the transaction. This allows for low entry barriers and a global economy with no borders.