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Is $100 million enough to save the web from ads? – Naked Security

Security Watch

Is $100 million enough to save the web from ads? – Naked Security


After years of going nowhere, could web micropayments be the next big enabler for user privacy?

The privacy angle on this has always sounded interesting: if visitors could pay websites small amounts of money for consuming content, perhaps those sites wouldn’t need to sell traffic to advertisers whose business is built on distracting, tracking and profiling visitors.

Easy to aspire to, harder to make work – with a long list of commercial micropayments systems that nobody uses serving as cautionary tales.

But that was before privacy became a big deal, which is why a startup called Coil has decided to try again by backing an initiative called Grant for the Web (GftW), backed by a $100 million fund to be handed out over five years.

Founded in 2018, Coil describes itself as a “content monetisation” company, but don’t let that put you off. Grant for the Web is taken seriously enough by outsiders that The Mozilla Foundation and copyright non-profit Creative Commons have signed up as launch partners.

But what is it?

The following explanation appears on the Creative Commons website:

The program will fund individuals, projects, and global communities that contribute to a privacy-centric, open, and accessible web monetisation ecosystem.

Content creators and software companies will be able to do this using Coil’s open Web Monetization API, which has been proposed to the World Wide Web Consortium (W3C) Web Incubator Community Group as ILP-RFC 0028 (Draft 9).

In other words, it’s a new web content payment standard which will fund interested parties to build proof of concept examples of what that might look like in practice.

It’s like a pragmatic re-imagining of the ‘build it and they will come’ strategy that failed for previous micropayments systems.

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