Wealthcare: How unleashing a swarm of transactions will drive society’s next LEAP in wealth creation
Brigitte Piniewski MD
Physician Speaker: Web3 and AI, Author "Wealthcare: Demystifying Web3 and the Rise of Personal Data Economies | Healthcare Advisor | Nex Cubed | TiE Board and Charter Member | DM me for speaking or consulting engagements
Today is a typical day. Dana has completed just a handful of transactions: coffee from the local cafe, another book via online shopping and a few groceries for dinner. As we move from physical goods to digital goods (data), the volume of transactions will sky rocket. Thanks in part to the data brokers of today who have in no uncertain terms proven that data is valuable! Fast forward a few years, witness the adoption of web3 technologies and our economic machine will grow dramatically.
Enter 2028.
It is just nine am and? Dana checks her phone. She’s already over a couple of hundred transactions. These are pre-approved personal data transactions facilitated by a web3 ownership infrastructure powered by newly minted tokens.
Five years ago, Dana was diagnosed with breast cancer. At any age this would be devastating news, but Dana was only 38! Her’s is a long story of twists and turns within the US medical system that included delayed diagnosis and various treatment regimes.?
Dana knew her health journey might be helpful to others facing similar situations so she went to work digitizing as much of her experience as possible. She used wearables to track her activity, apps to help follow her nutrition and sought out only those health service providers that immediately? provided her with a digital copy of her clinic and laboratory visits. She used a service to help strategize how best to maximize financial benefit from her expanding data asset which motivated her to keep accumulating more data each year.?
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More data; higher quality contextual co-occurrences drove more market demand and ultimately more financial return.
Now on a typical day, Dana receives a steady flow of requests for information from pharmaceutical industry, health systems, patient groups, foundations, researchers and more. Most of these requests are managed by automated and preauthorized responses. Very few require any attention from Dana herself. Each authorized transaction is tokenized to help with follow on audit trails and future value tracking into perpetuity. Perhaps it won’t be long before Dana can expect to generate her basic income from data transactions alone.
Some may be skeptical of this narrative. If you’re even slightly curious, please accept this invitation to check out my new book available Feb 7th on Amazon: Wealthcare: Demystifying Web3 and the Rise of Personal Data Economies.
What’s next?
2 年Speaking of new thinking, this podcast just dropped - NYTime's journo Ezra Klein on the topic of reimagining the attention economy and the internet. From the episode's description: "This conversation is about the economic logic that undergirds our entire experience of the internet, and how that logic is constantly warping, manipulating and shaping the most important resource we have — our attention. But it’s also about whether a very different kind of internet — build on a very different economic logic — is possible." https://podcasts.apple.com/us/podcast/how-the-%24500-billion-attention-industry-really-works/id1548604447?i=1000599515414
The Transfer Economy
2 年For sure! A paper based use case is indeed in development when thinking about IoT, machine assisted primary health care and wider social and civic wellbeing for an intergrated community health. The challenge is how do we navigate the freedom of choice, the privacy of thought and the changes of ability in consent. The flip side to connected systems is inference surveillance of anarchic corporation commercialisation. (Sound familiar?) Equally, how does a system adapt over time across many systems of access and permissions, what is important now might be later so how does this relate to consent and privacy? So. How do you resolve this. Well, that’s where the container Engine and the transfer economy becomes a thing.
What’s next?
2 年Joss Sessions, meet Brigitte.