Digital Consent

by Scott Rice12/17/2014 8:25:00 AM

The problem with consumer consent’s current status is that consent is analog. It is subjective. Consent needs to be digital and objective. Without this transition, consumer consent can never be interoperable. Interoperability matters. Currency works because exchange rates are standardized and use of “money” is interoperable. The internet works because the IP protocol on which it is based is standardized and interoperable by multiple parties. Credit cards work because the banks agree on network transactional standards like those from Visa and MasterCard. If every bank built their own protocol and used their own proprietary transaction structure, credit would not be interoperable and, therefore, what would be the point of it. So when something is interoperable its use can be broadened from one or two parties to many. Hence, interoperability is the ‘ante’ for scalability. [More]

Month List