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 The bigger picture is in the book, The Language of Value, 2022.

Written by:

Virginia B Robertson.

NFT Paradigm Will Shift

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.

written by

Business Capital

The Future Role of Banks in Business Capital Manifestation

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.

Rise to a Free, Open, Discoverable Market Place

Let us all rise to a free, open, and discoverable MARKETPLACE.

I have something to say that I don’t hear tech prophets saying about how this new marketplace can and will happen:

In the near future, when nearly all Information about What is available for sale at market, Where, and at What price is tokenized, AI agents will be at your service to deliver to the buyer whatever market information is needed based on this tokenized Information Currency.

All properly tokenized information about What is available Where at What price will be free, open and discoverable in a new type of MARKETPLACE that none of us have ever seen.

What is currently interrupting this development? In my opinion, there may be an expectation by the RWA “Everything will be tokenized” prophets. Some of the web3 tech prophets may hold an assumption that every inventory item that is tokenized will initially be traded as a token. But maybe the tokenized inventory has value simply from its information about what is available where at what price.

What one learns in barter is that the information IS the market. It is the simple information about What is available for barter, Where, at What price that makes a marketplace. This Information is the Currency.

I believe that a business that makes a token which represents a Real inventory item SKU that is available to market is leveraging a fantastic way to advertise!

Will we create a roadblock to advancing tokenization of real world inventories if an expectation is set that these tokens must initially be traded? What if society has not yet learned how to accept that trading the token means transferring the asset? Also, to be realistic, are there currently enough inventory control and sales order systems that can connect a token transaction to a physical asset? I think the sales order and inventory control systems will catch up, yes, but for now lets take a first step to create an open, free, and discoverable marketplace. By this I mean a marketplace that provides tokenized information about inventories and quantifiable services: What is available, Where, at What Price… just like an ad. These RWA tokens do not need to be traded, initially, to make a market.

Can AI agents just scrape the web2 internet for that? Yes maybe for some of that. But by tokenizing on web3 the seller can control the information about what they have available to market, where, and at what price. This is what I believe us web3 tech prophets should be selling… tokenizing real world assets and quantified services for a new marketplace where Information is the Currency.

I wrote a whole book about it. The Language of Value. More about ITEM at

written by:
Virginia B Robertson

ITEM Standard: A proposed method to identify tokenized business inventories and services, on the blockchain.

A proposed method to identify tokenized business inventories and services on the blockchain:

  1. The “tokenID” of any business inventory or quantified service would be “ITEM”.
  2. The “name” field would be the most generic and universal name of the item or service.
  3. The “description” field would represent detail such as brand or SKU of the item or service
  4. The “What” field would include metadata indicating industry specific information such as SKU, unit of measure, link to the business page, etc.
  5. The “Where” field would include metadata indicating city, state, country, zip
  6. The ‘What Price” field would include the currency sign and the price in that currency.

The blockchain-agnostic ITEM standard seeks to achieve information about What is available, Where, at What Price in order to build Information Currency. The goal of these standards is first to create a discoverable marketplace.

Further, the Item Banc team has been working since 2018 to create relative value information to markets. This information at base is intended to be a safety net as inflated currencies fail to deliver fair value to markets. Our first dApp focused on the relative value of fourteen basic human need items in 110 countries. Human validator teams in these countries entered information in the database. The Item Banc Engine algorithms compared these baskets of goods by country in order to create valuation to currency. The business model rewards human validators with tokens, which can be redeemed in turn for information from the Engine.

If you would like to participate in the project or have a voice related to the proposed standard, please comment, or write

To read more about Information Currency, check out my book, The Language of Value, published in 2022.

item banc vacation

Item Banc’s Valuation Technology for Smarter Travel Budgeting

International travel is a thrilling experience, but navigating fluctuating exchange rates and unfamiliar price points can create budget anxiety. Travelers frequently overestimate or underestimate the true cost of goods and services abroad, leading to financial surprises and suboptimal spending decisions. Item Banc’s valuation technology offers a solution, empowering travelers with actionable insights for more predictable and stress-free vacations.

item banc vacation

The Volatility Problem: Why Currencies Make Budgeting Hard

Traditional reliance on currency exchange rates for travel budgeting presents several limitations:

  • Inherent Instability: Exchange rates are inherently volatile, influenced by a wide array of factors including macroeconomic trends, geopolitical events, and speculative market forces. Rates can change significantly between when a trip is booked and the actual travel dates.
  • Lack of Tangibility: Even with up-to-date exchange rates, travelers often struggle to intuitively grasp the true purchasing power of their currency in a foreign destination. This leads to uncertainty and can result in overly conservative spending habits.
  • Hidden Costs: Travelers routinely encounter hidden costs in the form of currency conversion fees, ATM charges, and merchant markups on foreign transactions. These opaque costs further erode the predictability of a travel budget.

How Item Banc’s BHN Baseline Changes the Game

Item Banc’s technology disrupts conventional budgeting by introducing a set or basket of Basic Human Needs (BHN) items derived into indices as a universal benchmark for value. This curated basket of essential goods, spanning categories like food, basic building materials, hygiene products, and more, calculated into indices establishes a globally consistent point of comparison.

Here’s how it functions:

  • Global BHN Price Network: Item Banc’s decentralized network of validators continuously collects and verifies local prices for BHN goods in various currencies across the globe. This establishes a real-time map of relative costs for the things people need to survive.
  • Purchasing Power Parity in Action: Item Banc incorporates economic principles like Purchasing Power Parity (PPP) to translate and analyze BHN price data. PPP allows for a more meaningful comparison between currencies by factoring in the relative cost of living in different locations.
  • Travel-Centric Applications: The core valuation data is translated into user-friendly tools. Imagine a mobile app that shows the “BHN equivalent” for various trip expenses –– hotel rates, restaurant prices, transportation, or even specific goods you might want to buy.

Illustrative Scenario:

Consider a traveler from the US planning a trip to Thailand. Item Banc’s technology could provide insights like:

  • Real Purchasing Power: A basket of BHN goods in Bangkok might have the PPP equivalent of $50 USD. This indicates what a traveler’s daily spending power truly is, irrespective of fluctuating USD/THB exchange rates.
  • Price Comparisons: A meal priced at ฿1000 Thai Baht is roughly equivalent to $25 USD in terms of BHN purchasing power. This simplifies decision-making and helps identify expensive outliers
  • Budgeting with Confidence: The traveler can set a “BHN budget” with the assurance that their spending aligns with expectations, regardless of short-term currency movements.

Potential Disruptions for the Travel Industry

Item Banc’s technology holds the potential to reshape various aspects of the travel industry:

  • Tour Pricing Transparency: Travel packages could be priced in BHN terms alongside traditional currencies, giving consumers a clearer picture of the true value they are getting relative to other destinations.
  • Destination Attractiveness: Travelers might become more sensitive to the BHN cost of living in certain locations, influencing destination choices beyond conventional “expensive” or “cheap” labels.
  • Local Service Valuation: Local service providers (guides, drivers, etc.) could utilize BHN comparisons to advocate for fairer compensation, especially in destinations where currency devaluations may not be fully reflected in traditional pricing.

Limitations and the Road Ahead:

  • Validator Network: Item Banc’s system’s accuracy and robustness depend on a widely distributed and reliable validator network.
  • User Adoption: Widespread adoption of BHN budgeting may require shifts in consumer behavior and new tools that seamlessly integrate with existing travel planning platforms.


Item Banc’s approach stands to empower travelers with a new kind of financial clarity. Its focus on tangible measures of value reduces currency-related stress,  encourages informed spending, and ultimately makes for more relaxed and enjoyable travel experiences.

Is Buying Local Really Cheaper? Redefining "Cost" with Item Banc's Valuation Engine

Is Buying Local Really Cheaper? Redefining “Cost” with Item Banc’s Valuation Engine

The “buy local” movement has gained significant traction in recent years. Its proponents cite advantages like supporting local economies, environmental sustainability, and potentially fresher produce. One often-assumed advantage is cost – the perception that locally sourced goods inherently equal lower prices. However, a deeper economic analysis reveals this isn’t always the case. Item Banc’s first-of-its-kind global parity valuation engine offers a framework to re-evaluate the true cost of “local” and the factors influencing this cost beyond just geographical proximity.

Traditional Price Formation: Limitations and Distortions

In conventional market models, the price of a good is determined by the intersection of supply and demand. Local markets often see constrained supply, potentially leading to inflated prices despite reduced transportation costs. Moreover, factors like:

  • Input Costs: Land values, labor wages, and local regulations strongly influence the cost of production, often varying substantially between regions.
  • Market Inefficiencies: Smaller local markets might lack robust competition, potentially keeping prices higher than they would be in more competitive environments.
  • Hidden Costs: Local products may contain less tangible costs externalities like reduced carbon emissions or ethical labor practices. These are rarely reflected in the price tag compared to cheaper mass-produced alternatives.

Item Banc’s BHN Baseline: Price Transparency Beyond Currency

Item Banc’s valuation engine introduces a new lens by establishing a baseline anchored in Basic Human Need (BHN) products. This curated set of essential goods (food staples, basic building materials, etc.) becomes a universal reference point for value. By tracking BHN product prices across various locations, Item Banc sheds light on:

  • True Purchasing Power: What quantity of BHN goods can a given currency purchase in different locations? This reveals the real cost of living, independent of fluctuating currency exchange rates.
  • Comparative Production Costs: If producing a BHN item is significantly more expensive in one area versus another, those costs are likely to be passed on to other locally produced goods, even if they are not directly within the BHN category.
  • Localized Distortions: Item Banc’s data can expose regional price anomalies in BHN products themselves. This could indicate market inefficiencies, logistical bottlenecks, or artificial price controls.

Case Studies: When “Local” Isn’t Synonymous with “Cheaper”

For illustrative purposes, let’s consider hypothetical scenarios inspired by real-world situations:

  • The Urban Farm Stand: A farmer’s market in a major city might offer seemingly “expensive” organic produce. However, an Item Banc analysis could reveal that considering that region’s higher land and labor costs, those prices are closer to the true cost of BHN goods compared to an imported, conventionally farmed alternative.
  • The Island Community: Limited production capabilities and high shipping costs often make essential goods more expensive in island locations. Item Banc makes this tangible – would “buying local” save residents money if their local production is priced significantly higher than the BHN baseline?
  • Manufactured Goods: A locally-made garment might be more expensive than a similar mass-produced import. Yet, Item Banc’s insights could factor in ethical labor standards not always accounted for in traditional pricing models. 

Empowering Consumer Choice: Beyond Simple Price Tags

Item Banc doesn’t aim to declare whether “local” is definitively cheaper or more expensive. Rather, it democratizes valuation information. Consumers equipped with this knowledge can make more informed choices factoring in:

  • Affordability relative to Real Income: Is a local product within reach given the true purchasing power in that location?
  • Value Alignment: Are a consumer’s values (sustainability, community support) reflected in a seemingly “higher” local price?
  • Opportunity Costs: Does buying a less expensive imported good create hidden costs, potentially reflected in future BHN price fluctuations?

Conclusion: Rethinking Value

The simple question, “Is buying local cheaper?” holds unexpected complexity. Item Banc’s valuation engine helps move beyond simplistic answers toward nuanced economic understanding. It empowers consumers, businesses, and policymakers to consider factors beyond immediate price tags, fostering a fairer and more transparent marketplace.

Decentralized Finance (DeFi) and Information Currency: Bridging the Gap

Decentralized Finance (DeFi) and Information Currency: Bridging the Gap

As businesses embrace the transformative power of blockchain and decentralized systems, the synergies between DeFi and Information Currency emerge as a dynamic force reshaping how value is exchanged and managed. In this piece, we will explore the convergence of DeFi and Information Currency, unraveling their intricacies and envisioning the potential they hold for the financial ecosystem.


   I. The Foundation of DeFi: Decentralized Systems

At the core of the DeFi revolution lies the fundamental principle of decentralization. DeFi leverages blockchain technology to create a financial ecosystem that operates outside the traditional banking infrastructure. Through smart contracts and decentralized applications (dApps), users gain unprecedented control over their assets, enabling a peer-to-peer exchange of value without intermediaries.

  1. Information Currency: A Paradigm Shift in Valuation

Parallelly, Information Currency introduces a paradigm shift in how we perceive and exchange value. Developed by Itembanc, this innovative approach leverages a core set of “basic human needs” (BHN) as a universal standard of value. The aim is to establish a transparent, real-time valuation system that transcends the limitations of traditional currencies, providing a framework for businesses to tokenize their inventories and services.

III. Synergies Between DeFi and Information Currency

  1. Tokenization of Assets:

At the intersection of DeFi and Information Currency lies the concept of tokenization. DeFi enables the tokenization of various assets, allowing them to be represented as digital tokens on the blockchain. Information Currency, in turn, provides a standardized pattern for tokenizing inventories and services. The synergy between these two approaches creates a streamlined process for businesses to represent real-world assets on the blockchain and establish a transparent valuation system.

  1. Real-Time Valuation and Market Dynamics:

DeFi and Information Currency converge in their commitment to real-time valuation. DeFi systems operate in a dynamic environment, adjusting asset values based on market demand and supply. Information Currency, with its focus on BHN, introduces a similar dynamic by utilizing market data and demand trends to adjust item values in real-time. This synergy ensures that assets, whether financial or tangible goods, are valuated with a sensitivity to market conditions, fostering efficiency and fairness.

  1. Decentralized Marketplaces:

The marriage of DeFi and Information Currency is evident in the emergence of decentralized marketplaces. These platforms leverage DeFi principles to create trustless, peer-to-peer exchanges of assets, while Information Currency ensures a standardized method of valuing these assets. The result is a decentralized marketplace ecosystem where participants can engage in transparent, fair exchanges, free from the constraints of traditional financial systems.

  1. Technical Implementation: Smart Contracts and Beyond
  1. Smart Contracts as Enablers:

Smart contracts, a cornerstone of DeFi, play a crucial role in the technical implementation of Information Currency. These self-executing contracts automate the processes of token creation, transfer, and valuation adjustments based on predefined rules. Businesses can leverage smart contracts to seamlessly tokenize their inventories and services, ensuring that every transaction is recorded on the blockchain, providing an immutable audit trail.

  1. Decentralized Oracle Networks:

To bridge the gap between the decentralized world and real-world data, decentralized oracle networks become instrumental. DeFi relies on oracles to bring external information, such as asset prices, into smart contracts. In the context of Information Currency, oracles can play a pivotal role in providing real-time data on BHN values, ensuring that the standardized valuation system remains responsive to global market dynamics.

  1. Challenges and Opportunities
  1. Scalability and Interoperability:

As the marriage of DeFi and Information Currency gains momentum, challenges related to scalability and interoperability emerge. Scaling decentralized systems to accommodate a growing user base and ensuring seamless interaction between different blockchain networks are critical hurdles that the industry must address. Solutions such as layer 2 scaling and cross-chain compatibility are actively being explored to overcome these challenges.

  1. Regulatory Considerations:

The evolving landscape of DeFi and Information Currency also brings forth regulatory considerations. As these technologies challenge traditional financial norms, regulatory bodies are scrutinizing their implications. Striking a balance between fostering innovation and ensuring compliance remains a delicate task for businesses operating in this space.

  1. The Future Landscape: Web3 and Beyond

The convergence of DeFi and Information Currency sets the stage for the future landscape of finance, often referred to as Web3. This vision encompasses a decentralized, interconnected ecosystem where value is exchanged seamlessly, and financial processes are governed by transparency and fairness. The amalgamation of DeFi and Information Currency is not merely a technological progression; it is a paradigm shift in how we conceptualize and navigate the financial world.


In the complex dynamics of decentralized technologies, the fusion of DeFi and Information Currency emerges as a potent force reshaping the financial industry. As businesses traverse this uncharted territory, the synergies between decentralized financial systems and transparent, real-time valuation mechanisms become the driving force for innovation. The journey towards a decentralized financial future, underpinned by Information Currency, is not just a technical odyssey; it is a transformative narrative that promises a future where the financial landscape is defined by efficiency, fairness, and unparalleled opportunity.

Interoperability and Information Currency: Forging a Unified Web3 Ecosystem

Interoperability and Information Currency: Forging a Unified Web3 Ecosystem

The ever-evolving landscape of Web3, characterized by decentralized technologies and transformative approaches, emphasizes the paramount importance of interoperability.

In this highly technical exploration, we delve into the intricacies of interoperability within Web3 and unravel the role of Itembanc’s Information Currency in fostering a seamless and interconnected ecosystem.

As businesses embrace decentralized technologies, the synergy between interoperability and Information Currency emerges as a linchpin, propelling the web into a new era of transparency and accessibility.

Here are a couple of things to look at:

I. The Web3 Mosaic and the Call for Interoperability

  1. Defining Interoperability:

Web3, often hailed as the third era of the internet, presents a mosaic of decentralized technologies, each contributing a unique facet to the digital landscape. Interoperability, in this context, refers to the ability of these disparate systems to interact seamlessly, transcending the silos that individual ecosystems might create. It is the glue that binds blockchain networks, smart contracts, and decentralized applications (dApps) into a unified and cohesive whole.

  1. The Multifaceted Web3 Landscape:

In the decentralized makeup of Web3, blockchain networks such as Ethereum, Polkadot, and Binance Smart Chain coexist with a plethora of dApps, each offering distinct functionalities. This diversity is the strength of Web3, yet it poses a challenge—how to ensure that these systems, operating on different protocols, can communicate effectively and create a cohesive ecosystem.

II. The Universal Standard of Value: Information Currency

  1. Standardizing Value with BHN:

At the core of interoperability lies the need for a universal standard of value that can be understood across diverse blockchain networks. Itembanc’s Information Currency addresses this need by introducing a standardized pattern based on “basic human needs” (BHN). BHN serves as a common language for quantifying inventories and services, offering a shared framework for value representation that fosters interoperability.

  1. Blockchain Agnosticism:

Information Currency operates with a blockchain-agnostic philosophy, allowing businesses to tokenize their assets on various blockchain networks without being tethered to a specific protocol. Whether a business chooses Ethereum, Polkadot, or other decentralized networks, the Information Currency framework ensures a consistent approach to value representation. This agnosticism is pivotal in fostering interoperability across diverse ecosystems.

III. Technical Implementation: Crafting an Interoperable Framework

  1. Cross-Chain Compatibility:

Achieving interoperability with Information Currency involves ensuring cross-chain compatibility. This technical facet ensures that businesses can tokenize their assets on one blockchain and seamlessly interact with assets on another. By leveraging standards such as the Interledger Protocol (ILP) or creating custom bridging solutions, businesses ensure that the value represented by Information Currency remains fluid and accessible across various blockchain networks.

  1. Smart Contracts Orchestrating Interoperable Operations:

Smart contracts, the programmable scripts that underpin decentralized systems, play a pivotal role in achieving interoperability with Information Currency. These contracts can be programmed to execute interoperable operations, such as the exchange of tokenized assets between different blockchain networks. Through the use of advanced smart contract functionalities like atomic swaps, Information Currency ensures that value exchange is not confined to a single blockchain but can flow seamlessly across interoperable networks.

IV. Use Cases: A Glimpse into Interoperability in Action

  1. Cross-Platform Tokenization:

Consider a scenario where a retail business tokenizes its inventories using Information Currency on the Ethereum blockchain. With the interoperability features inherent in Information Currency, these tokenized assets can transcend individual ecosystems. They can seamlessly traverse blockchain networks, such as Binance Smart Chain or Polkadot, ensuring that the value represented by Information Currency is not constrained but rather liberated across various platforms.

  1. Decentralized Marketplace Integration:

Interoperability becomes particularly critical in decentralized marketplaces, where various businesses tokenize their inventories. With Information Currency, these businesses can integrate their tokenized assets into different decentralized marketplaces operating on diverse blockchain networks. This integration ensures a vibrant and interconnected ecosystem where buyers and sellers can engage in transparent and seamless transactions, regardless of the underlying blockchain infrastructure.

V. The Evolving Landscape: Interconnected Web3 Realities

The fusion of interoperability and Information Currency paves the way for a future Web3 landscape where decentralized ecosystems seamlessly interconnect. As businesses adopt interoperable frameworks like Information Currency, the silos between blockchain networks dissolve, giving rise to a cohesive and inclusive digital environment. This interconnected Web3 reality promises not only enhanced efficiency but also a more accessible and collaborative ecosystem where the potential of decentralized technologies is fully realized.

VI. Navigating Challenges and Seizing Opportunities

  1. Scalability and Interoperability:

The journey towards seamless interoperability is not without challenges. Scalability remains a key concern, and efforts are underway to address this through solutions like layer 2 scaling and advancements in consensus mechanisms. Interoperability must not compromise the scalability of decentralized systems but rather enhance their ability to accommodate a growing user base.

  1. Regulatory Considerations:

As the interoperable Web3 landscape takes shape, regulatory considerations come into play. Striking a balance between fostering innovation and ensuring compliance becomes crucial. The decentralized nature of interoperable systems challenges traditional regulatory norms, urging a nuanced approach to ensure the benefits of decentralization are harnessed without compromising legal and ethical standards.

VII. The Future Unveiled: A Vision of a Unified Web3

The convergence of interoperability and Information Currency envisions a future where decentralized ecosystems operate as an interconnected whole. This interconnected Web3 reality promises not just technical efficiency but also a paradigm shift in how we conceptualize and navigate the digital world. The transformative potential of interoperability, when coupled with Information Currency, creates a unified Web3 where transparency, accessibility, and collaboration define the landscape.


In the intricate world of Web3, interoperability emerges as the linchpin that binds diverse decentralized systems into a unified and cohesive whole. Itembanc’s Information Currency, designed with a focus on a universal standard of value and blockchain-agnostic principles, becomes the catalyst for achieving seamless interoperability. As businesses traverse the complex landscape of decentralized technologies, the interconnected Web3 reality facilitated by Information Currency ensures that the promise of a truly decentralized and accessible future is not just a vision but a tangible reality. Interoperability, when coupled with Information Currency, becomes a transformative force shaping the very fabric of the decentralized web.


Speaking to Virginia Robertson the other day on things I learned from her book – a gift – which is a marvelous expose, illuminating the historical journey of value through the ages. It was in those pages that I stumbled upon the forgotten chapters of the barter economy, a system that once thrived on the principle of fair exchange. The merits of such a system echoed through time, reminding me of the inherent value in direct trade and mutual benefit.

As I delved deeper into the annals of history, my conviction grew stronger. The Great Depression of 1929–1939, an era marred by economic turmoil, stood as a stark testament to the fragility of our existing monetary systems. Value was lost, and communities were left grappling with the aftermath.

The echoes of the past resounded in the Great Recession of 2007–2009, a chilling reminder that the cycles of value destruction were not confined to history. Our traditional money system, though resilient, bore the weight of its flaws.

And so, I found myself at a crossroads, standing at the precipice of an idea that had been germinating within me. It was time to make the switch, to forge a new path towards preserving value and ensuring fairness in exchange. The concept of an Information Currency began to take shape—a system rooted in transparency, real-time data, and a universal standard of value.

Still not sure why this should even be worthy of discourse – this piece will address that succinctly.

What is Traditional Inventory Management:

Traditional inventory management relies on established systems and processes for tracking, ordering, and managing stock levels. It typically involves manual record-keeping, periodic physical audits, and predetermined reorder points to replenish inventory. Businesses often rely on periodic assessments to gauge their stock levels. This process typically involves manual audits and batch processing, where inventory data is collected at specific intervals. While this approach has been a staple in supply chain management, it comes with inherent limitations, particularly in providing up-to-the-minute visibility into inventory status.

Manual audits, though thorough, are labor-intensive and time-consuming. They require dedicated resources to count and record inventory physically. This process, by its very nature, introduces a temporal gap between when the data is collected and when it becomes available for decision-making. In today’s fast-paced business environment, this delay can result in missed opportunities or inadequate responses to rapidly changing market conditions.

Moreover, batch processing, which involves consolidating and processing data in groups, means that updates to inventory levels occur at specific intervals, rather than in real-time. This further exacerbates the challenge of obtaining immediate, accurate information about the current state of inventory. In a globalized market where dynamics can shift instantly, this information delay can be a significant impediment to agile decision-making. While effective in its own right, this approach can be labor-intensive, time-consuming, and may not provide real-time insights.

Unveiling Information Currency’s Core Function:

At the heart of Itembanc’s innovative approach lies the proposition to revolutionize how we interpret value on a global scale. This is achieved through the ingenious utilization of a core set of “basic human needs” (BHN), encompassing vital categories such as food, shelter, basic clothing, paper products, and essential hygiene/medical items. These items are not only indispensable for survival but are also characterized by their longevity, ensuring their enduring value in markets worldwide.

The value baseline of BHN (a term propounded by itembanc) serves as a foundation for establishing relative value, free from the influence of manipulated state currencies. It signifies a shift in how markets communicate value, setting a precedent for future interactions.

Key Comparative Points:

  1. Real-Time Visibility and Global Interpretation of Value:

Traditional Inventory Management often hinges on periodic assessments of inventory levels, accomplished through manual audits and batch processing. This process may introduce a lag between actual inventory status and recorded data, potentially impeding timely decision-making.

In striking contrast, Information Currency delivers a real-time, granular view of inventory levels, enabling instant decision-making and responsiveness to market dynamics. With itembanc, this is facilitated by the utilization of BHN as a universal standard of value. It transcends the limitations of traditional methods by seamlessly interpreting value across diverse goods, locations, and currencies.

  1. Accuracy, Transparency, and Universal Standard of Value:

Traditional Inventory Management may occasionally be susceptible to human error, discrepancies, and delayed updates. The reliance on manual processes can introduce inconsistencies between recorded and actual inventory levels. Moreover, without a clear audit trail, transparency may be compromised.

On the other hand, Itembanc addresses these challenges head-on:

Tokenizing Business Inventories

  • Baseline Identification of Basic Human Needs (BHN): The first step in leveraging Itembanc’s platform is identifying and categorizing the core set of BHN that define the value baseline. These encompass vital categories such as food, shelter, basic clothing, paper products, and essential hygiene/medical items. This distinctive selection serves as the bedrock for interpreting value.
  • Quantifying Services and Inventories: With the BHN baseline established, businesses proceed to quantify their inventories and services in a standardized pattern. This step ensures that all assets are represented uniformly, enabling seamless comparison and valuation in the market.
  • Integration with Itembanc’s Platform: Itembanc provides an intuitive interface for businesses to integrate their inventories onto the platform. This process involves uploading relevant data, which is then tokenized and recorded on the blockchain ledger.

This level of transparency builds confidence in the accuracy of inventory data, strengthening relationships with stakeholders across the supply chain.

  1. Market-Driven Valuation and Economic Principles:

In traditional inventory management, the valuation of items is often determined by predetermined cost and markup formulas. While this provides a baseline for pricing, it may not accurately reflect the dynamic nature of the market. Fluctuating demand, changing consumer preferences, and evolving market trends can lead to situations of overstocking or understocking.

Itembanc, on the other hand, introduces a paradigm shift by utilizing market data and demand trends to dynamically adjust item values. This aligns the value of goods with actual market conditions. This approach is rooted in economic principles such as the Law of One Price and Purchasing Power Parity theory, ensuring a comparable valuation of goods traded in global markets.


By leveraging a core set of BHN as a universal standard of value, Itembanc offers not only real-time visibility and accuracy but also market-driven valuation and enhanced efficiency. As businesses navigate an increasingly dynamic market landscape, Information Currency emerges as a powerful tool for unlocking new levels of operational excellence and strategic advantage.