Member-only story
How My Grandmother Sparked the Next Technological Revolution
Two days before Halloween 2017, I was at my Granny’s when the phone rang. I discovered she was paying 4X what I was for a worse satellite TV package
I didn’t think this was right
She’s losing her eyesight — macular degeneration — so I’d help her with letters, bills, and statements
We both have the same bank.
They can’t do anything about it, I thought I could
I was obsessing over GDPR, P2P, and Open Banking at the time and realized it was an asymmetric information problem. Banks know how much we pay service providers but they don’t know our package information so can’t advise when we are paying too much
FinTech is the solution
Open Banking is the gateway
The problem is that we don’t own our digital assets
- historical transaction data
- usage and tariff info
What if we can?
What’s needed are Digital Asset Banks
They will acquire your personal data autonomously meaning you’re the only person in the world who owns your holistic…