The Jim Rutt Show
EP 194 Bob Reid on User-Owned Identity
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Show notes
Jim talks with Bob Reid about identity verification and the financial stack behind his global financial platform Everest. They discuss decentralized user-owned identity, identity as a trillion-dollar opportunity, competing with customers, Know Your Customer, types of identity, the breakout fraud, biometric systems, building societal trust, India's Aadhar system, Justin Trudeau's freeze on protesters' bank accounts, preventing governmental choke points, how to use Everest, the application stack, Facebook's missed opportunity to build identity, the coming fake-identity AI tsunami, real names vs anonymity, levels of verification, preventing exploits, the likelihood of social revolution in Europe, the accuracy of biometrics, the difference between a social graph & identity, paying a contractor with crypto, understanding Automated Clearing House & Single Euro Payments Area, tokenizing securities, why the user needs to control digital identity, and much more.