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How My Grandmother Sparked the Next Technological Revolution

Chris Herd
2 min readMay 11, 2019

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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…

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Chris Herd
Chris Herd

Written by Chris Herd

CEO / Founder / Coach @FirstbaseHQ Empowering people to work in their lives not live at work ✌️✌

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