Monthly Archives: May 2024

INFORMATION CURRENCY in web3

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There is a widespread mental block happening regarding a paradigm shift on the horizon. The sea change coming will flood your office, your home, your schools and your community shops.

The change may begin with inflated currencies that make prices out of reach. Some say at this point there will be a gold rush. Some say to farm your own food. But what really may happen is that people and business may learn to barter using web3 tech. When we have the information about What is available, Where, at What price then we can barter. The information alone is the currency. We’ll need this.

The mental block is that we need some kind of other thing in the middle of transactions like dollars or gold.

How am I able to be an author of this claim? I traded (practiced barter) for more than twenty years at every level of distribution even international. I’m not a farmer. I do know what it feels like to trade for absolutely everything (not counting energy or gov’t services.)

When business can tokenize (make NFTs) their inventories or quantified services with a protocol that specifies What the inventories are, Where they are and at What relative Price, then we can make Information Currency in web3.

So how are we all going to find this market of Information Currency? AI of course. Item Banc technology is specifically working toward this. Come visit our protocol page https://itembanc.io. The bigger picture is in the book, The Language of Value, 2022.

Written by:

Virginia B Robertson.

NFT Paradigm Will Shift

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We should appreciate the gamers who brought us the chocolate-covered candy NFTs. Now its time for dinner. Now it’s time for businesses to use this NFT token technology for real.

Enter, ITEM.

Enter, Item Banc, Inc.

Enter, the Item Banc Engine.

Truly almost all blockchains are ready for the dinner course of Real World Asset (RWA) tokens. But what organization is hiring salespeople to call on businesses about this? What company is pushing business to tokenize their inventories?

There may be tokenization in the works for houses, properties, documents, and financial instruments. Some technologies are working on supply-chain tracking using tokenization.

The new paradigm shifts when businesses understand the need to be present in web3. It will. Soon. Item Banc, Inc is setting up to be there to service businesses who are ready to tokenize their inventories. This is an open profit center for other web3 tech-training companies as well.

Item Banc initially focuses on tokenizing business inventories that qualify as Basic Human Need (BHN) items. The reason for the focus is that the market data derived about the relative values of these items around the world is fodder to the Item Banc Engine. The Engine is built to create a baseline to compare the relative value of currencies around the world. From this baseline we can have a springboard into a new Value system, and a new Value paradigm.

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Business Capital

The Future Role of Banks in Business Capital Manifestation

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The future “atom bomb” of crypto is not, in my opinion, that terrorists will use crypto and other bad actors will use privacy platforms to move money.

I use the reference “atom bomb” because I believe that the original scientists and inventors that split atoms may not have had war games in mind. Nuclear technology can be used for good, for energy, but bad actors can always harness these things.

Starting from the beginning, it is most evident that business inventory assets will soon be moved to the blockchain. Yes, these assets can be traded, but my focus is how these assets can be capitalized for business credit directly on the blockchain and by banks. The financial sector has some catching up to do first. Banks, partnering with companies like Vaultlink, can manage crypto for their customers, and can use crypto rails like Ethereum to move funds quickly, reliably, and securely. But next up on their agenda will be to partner with businesses to tokenize their assets to secure business loans. Using new valuation technology like Item Banc, based on comparables, these real-world asset inventories (the industry’s RWA lingo) can be used as leverage for loans.

The opportunity to tokenize business inventories is as powerful as new nuclear energy. It is the essence of the process of capitalization, which as the greatest economist (IMO), Hernando DeSoto indicated, was the reason that the “first world” stepped ahead of other developing economies.

The bad actors of crypto, like scavengers, may end up to be our own governments. The governments tax whatever capital they are aware of. Businesses will give to Caesar what is Caesar’s, and this can be acceptable, except for the fine-tuned instrument of Valuation. I have capitalized “Valuation”, as I do in my book, The Language of Value, because this is the critical piece that may determine whether the new capitalization brings war or peace.

Will we capitalize the Value of business inventories based on the dollars that governments force as tender? These dollars continue to be inflated to pay years of central bankers slight of hand at interest rate hacks.

In my opinion, the peaceful solution to our new amazing blockchain technologies that will lead to the capitalization of products and services, is to make a new base of Value. We can make a base of Value by commoditizing a set of basic human needs used around the world. From this we can create Value to currencies, not the other way around. Peace can arise from the simple formulas of purchasing power parity. Lets use our technologies for good.

 

Written by:

Virginia Robertson.