Here’s my notes from the Conference. Please don’t get overwhelmed or read everything if it’s too much. I simply want to give a summary (haha! it may not look like a summary to you ‘)) to show how global and wide-ranging this new tech is. Whatever your brain gets, good! You’ll be ahead of the pack and ready when you see this come to fruition and start using them. A good number of them won’t be noticeable on the surface, however you’ll appreciate the benefits, knowing the vast tech sea change taking place!

◦ Think how email changed snail mail, and apply that to payments/finacial transactions.
◦ The Internet set information free; blockchain is setting money free.
◦ All payment rails are being modernized with blockchain. The President has an Executive Order on implementing an entirely new financial system utilizing blockchain and other new tech.
◦ Every blockchain has a ledger which stores every transaction. These transactions are immutable, permanent, and unhackable since they’re encrypted and decentralized onto many computers, so hackers can’t find a single source to attack.
◦ Free from middlemen, trusting the other party, fees, transaction delays/uncertainties because ‘Smart Contracts’ (which is just software) verifies each party’s details/facts.
◦ Our Fourth Amendment is based upon our God-given right of privacy. The right to live our lives privately to exercise our God-given liberty got lost with Big Tech. Blockchain restores that.
◦ Instead of your capital in a bank and they pay you 0-3% while they make 5-10%; you can now ‘be your own bank’ and make that yield yourself (that’s the provision banks are fighting in the Clarity Act). Blockchain takes out the middlemen- banks.
◦ Merchants can save charge card fees by having customers pay directly using crypto. VISA and MC card are upgrading their infrastructure to use blockchain. The tech forces them to adapt or be left behind.
◦ 30% of America is ‘unbanked’ meaning they don’t have access to the financial system because they can’t get a bank account or they don’t have a credit score so they’re excluded. Now all they need is a phone and they have access to the financial system.
◦ Instead of crypto coming to Wall Street it’s the other way around. The NASDAQ is partnering with Kraken, a U.S. based digital assets exchange. These two worlds are merging.
◦ Everything of value will be ‘tokenized’, meaning a digital representation and proof of ownership will be on a blockchain. This would eliminate forgeries, bootlegging of products, etc. You could buy a fraction of an asset- say a stock selling for hundreds of dollars you could buy $5 worth. You could buy a piece of a famous work of art- $5, $10, $100 of a piece worth millions.
◦ Tokenization allows you could buy a house in minutes from your phone after touring it, since everything about the house financially can be verified on the blockchain. No Title Search fee, no credit check, no loan officer reviewing/approving your credit, virtually no closing costs because no middlemen. You can trust the details of the house since they’re on a blockchain. And the seller can trust your offer because your financial ability to pay is on the blockchain (private and encrypted of course). ‘Smart contracts’ (software) verify both sides of the transaction’s details and completes the sale.
◦ Fannie Mae is allowing your digital assets to be used as collateral for your home loan.
◦ No Big Tech that houses and owns your data, information, and content. Yahoo mail, YouTube, Facebook, Instagram, etc. all own your data and you have no privacy. They also control you by censorship and fees.
◦ You own your data and choose to keep private what you want.
◦ How about getting paid every hour instead of biweekly? Think of the compound interest you’re losing due to delayed payments for each day worked. ‘Streaming payments’ is already designed and being implemented.
◦ Think of getting paid directly for content you put on the Internet instead of the host (YouTube) taking a portion. Think of micropayments the user pays automatically as he/she reads your content, finding it valuable and worth paying for/rewarding you.
◦ ZPK or ‘Zero Proof Knowledge’ tech will allow your identity to be verified w/o revealing any personal details (name, address, date of birth, etc.). This means no more storing multiple logins for every website/app that you registered with, giving away your privacy.

Currently, the industry is finalizing these features and global financial regulations are being hammered out. Once regulations are completed all the brokerages houses, Fidelity, TD Waterhouse, Charles Schwab, i.e., will be offering ‘digital assets’ as a new asset class to invest in, so your financial advisor will be informed.

Currently PayPal, eToro, and Robinhood to name a few, let you invest in some of them.

Agentic AI: Something new at the Conference is “Agentic AI’. Meaning you can direct AI to actually DO tasks for you. I used AI to find flights and a hotel for me. I then had to actually book them myself. Agentic AI will do that for you! Of course you set up guardrails like maximum price, acceptable dates/times, etc.
It’s like hiring your own clerk to do these minor tasks for you.
Don’t laugh! 😉Once everyone understands the benefits each person will have several agents performing mundane tasks for you so you’re free to do more important things, plus things you never got the time to do.
Who uses a washboard anymore since washing machines came out?

It’s estimated that around 30-50% of an internet activity is currently done with AI.

It’s also estimated that Agentic AI, AI, and Internet Bots will perform more financial transactions than people.

That’s all for now! 😉 I know it’s a lot, but when you think it through, and apply the email paradigm, you’ll at least get a glimpse of what’s coming and the global impact for everyone.

We could do a group zoom to discuss!