Skinner - ValueWeb: how fintech firms are using bitcoin blockchain and mobile technologies to create the internet of value

Praise for ValueWeb

Chris Skinnerone of the most authoritative voices on FinTech anywherehas provided us another timely and thoughtful look into the fascinating convergence of technology, e-commerce, and finance that is changing the world. Ignore these trends and the insights here at your peril.

Seth Wheeler
Brookings Guest Scholar and Former Special Assistant to The President for Economic Policy at The White House

Society is in the early stages of another financial revolutionone that is already changing the way we live and work. This book describes the fundamentals driving the processes at play, and will be an invaluable read for all interested in the way business works.

Sir Roger Gifford
Former Lord Mayor of London and Ceo Seb Uk

Global payments are ripe for disruptive innovation. Chris Skinner argues, persuasively, that the combined technologies of mobile connectivity and distributed ledgers could deliver just that disruption, for the benefits of billions of citizens.

Andrew G Haldane
Chief Economist, Bank of England

Financial services is up for huge disruption, most importantly from the blockchain revolution. Skinners ValueWeb is a sweeping and well-researched analysis of the big technology trends that will shake the windows and rattle the walls of the industry.

Don Tapscott
Best Selling Author, most recently with Alex Tapscott Blockchain Revolution

Chris Skinner captures the maturing of FinTech in his book, ValueWeb. Not only does he define many of the FinTech buzz words from Blockchain to Value System Integrators, he gives real examples of practical application of the concepts. Its not surprising that he calls for innovation in traditional banking and points out the dead giveaway of anyone trying to fake it as a digital bank: First, you dont need a cross-channel organisation in a truly digital bank, and second, you never mention channel or omnichannel in a digital bank. He sums up what those enlightened in managing change have known all along, it all comes down to leadership. And thats my favourite part of this book, the leaders he profiles along the way.

Deanna Oppenheimer
Former Vice Chair, Global Retail Banking, Barclays Bank

Best insight into money in the 3rd industrial revolution, aka the digital revolution, you will read.

Lawrence Wintermeyer
CEO, Innovate Finance

In ValueWeb, Chris Skinner has brought to bear his long experience in financial services and technology to create a fascinating and comprehensive overview of the blurring of boundaries between them. The book describes how technology is disrupting traditional financial services by making transactions simpler and cheaper, and how banks must proactively leverage these trends to be future-ready.

Chanda Kochhar
Managing Director and Chief Executive Officer, Icici Bank

Chris has a great eye for the case studies and practical examples of innovation that help you to really reflect on where banking is going.

David Birch
Director, Consult Hyperion

A great follow-up to his best-seller Digital Bank, Chris Skinner provides an in-depth look at the exchange of value in an evolving digital universe. Through case studies, interviews and personal observations, Chris explains how the world is moving away from traditional currencies towards a ValueWeb. This is another must-read, not only for those interested in the world of FinTech, but anyone wanting to get a glimpse of a future where monetary and non-monetary transfers occur instantaneously across mobile and digital networks.

Jim Marous
The Financial Brand/Digital Banking Report

If I could only call one person when the FinTech apocalypse happens, Chris Skinner would be the person I would call. His huge depth of knowledge, coupled with his ability to summarise complex subjects into memorable and simple to understand chapters for this book, make it a must read for any bank wanting to know which way to dig.

David M. Brear
Chief Thinker, Think Different Group

Image of robot hand on cover by Willyam Bradberry/Shutterstock

This book is published by Marshall Cavendish Business
Marshall Cavendish Business is an imprint of Marshall Cavendish International
1 New Industrial Road, Singapore 536196

2016 Copyright Chris Skinner
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency Ltd, 90 Tottenham Court Road, London, W1T 4LP, UK, without the permission in writing of the Publisher. Designations used by companies to distinguish their produces are often claimed as trademarks. All brand names and product names used in this book are trade names, service marks, trademarks or registered trademarks of their respective owners.

The publisher makes no representation or warranties with respect to the contents of this book, and specifically disclaims any implied warranties or merchantability or fitness for any particular purpose, and shall in no event be liable for any loss of profit or any other commercial damage, including but not limited to special, incidental, consequential, or other damages. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. The Publisher explicitly states that all data, quotations and commentary made in this publication is as accurate as possible. The Publisher is not liable for any inaccuracy of such information or errors statistically. Please note that the views expressed in this publication are those of the individuals concerned, and do not necessarily reflect the views of their institutions.

All requests for permission should be addressed to the Publisher, Marshall Cavendish International (Asia) Private Limited, 1 New Industrial Road, Singapore 536196. Tel: (65) 6213 9300. E-mail:

Other Marshall Cavendish Offices:

Marshall Cavendish Corporation. 99 White Plains Road, Tarrytown NY 10591-9001, USA Marshall Cavendish International (Thailand) Co Ltd. 253 Asoke, 12th Flr, Sukhumvit 21 Road, Klongtoey Nua, Wattana, Bangkok 10110, Thailand Marshall Cavendish (Malaysia) Sdn Bhd, Times Subang, Lot 46, Subang Hi-Tech Industrial Park, Batu Tiga, 40000 Shah Alam, Selangor Darul Ehsan, Malaysia

Marshall Cavendish is a trademark of Times Publishing Limited

National Library Board, Singapore Cataloguing-in-Publication Data

Names: Skinner, Chris.
Title: Valueweb : how Fintech firms are using mobile and blockchain technologies to create the Internet of Value / Chris Skinner.
Description: Singapore : Marshall Cavendish Business, [2016]
Identifiers: OCN 930303368 | eISBN 978 981 4751 09 4
Subjects: LCSH: Electronic funds transfer. | Banks and banking--Technological innovations. | Internet banking.
Classification: LCC HG1601 | DDC 332.178--dc23

Printed in Singapore by Markono Print Media Pte Ltd

After writing Digital Bank in 2013, I turned to other ideas, since that book was primarily about the challenge faced by banks to adapt to new technology. For those who are unaware, the key premise of