A Renaissance man and futurist interested in the technological transformation of society and commerce, Vinay has a strong track record of thought leadership in environmental and infrastructure risk, failing states, energy policy with five years at the Rocky Mountain Institute and disaster management. He was on the editorial team of Small is Profitable , the winner of the Economist Book of the Year, and has contributed to US Department of Defense research, advised Arup on urban resilience and was associate fellow at the UCl Institute for Security and Resilience.
He has long had a humanitarian concern with the condition of the poorest in society and disaster relief. He invented the cheap, simple, non-patented and open source hexayurt refugee shelter which has gone on to become iconic in the Burning Man counter culture. In his techno-realist view, technology and engineering, including blockchain, can contribute to positive social and commercial transformation and help deal with resource scarcity.
Linkedin Twitter. Prior to joining Mattereum Anton has led major international initiatives in the justice and policy fields. He has worked with dozens of governments and judicial systems in Europe, Asia, America and Australia, written legislation for nation states, and developed transnational policy and strategic guidance for international government bodies such as the UNODC and the World Health Organisation.
Anton has managed teams in settings including academia, charities and the private sector. He is the author of two books, several reports and many articles. And you click on the asset passport link. And it comes up with a valid asset passport. And you put a nickel into the insurance contract.
And then you buy the object. In the next version, you take out the insurance contract, you push money into the smart contract. Now you own the object. So what happens is we gradually blockchain-ize more and more of the transactional space, until eventually, what you wind up with is an API attached to every physical object of value, and you can just push data and money into the API to control the asset. Gupta: I think we will have a limited form of that done in the next year for sure, and very plausibly this year, depending on our fund-raising.
So you buy a bunch of fly fishing gear. You spend about a year and a half fly fishing. Then you discover that fly fishing is kind of time consuming. Ah, right, this reminds me of how in the s, everyone bought dumb infomercials for things like Thighmasters and then the Thighmasters languished in the attic, never used.
Gupta: [Laughs. So all of that stuff, you buy it as an experiment. They spend a minute and a half looking it over to verify the condition. Patagonia stamps your asset passport and now you sell it on eBay. And a lot of those people will be experts in the field. We gradually blockchain-ize more and more of the transactional space, until eventually, what you wind up with is an API attached to every physical object of value, and you can just push data and money into the API to control the asset.
What would you say is the biggest risk for not scaling? Gupta: You know, [P. So we might wind up in a position where we rule very lucrative corners, like French wine older than 30 years. But younger wine than that, people are just willing to take their chances. Boosting the value of the secondary market? Gupta: If you make the secondary market efficient, the goods are used till the end of life. How many of our goods are actually used till the end of life?
Most of it winds up sitting in attics, or being thrown away. So all of that structural inefficiency goes away when you just maintain a record of what the damn thing is. Gupta: So think of those inventory screens that you get in [Massively Multiplayer Online games]. Now take your refugees camps. We need three. Because when you need one, you can send a message directly to the person who currently has it, and you can pay the contract price for buying or renting a wrench from them.
But eBay is so flaky. And charity shops are such an enormous waste of resources that a lot of times people are just throwing stuff away. The actual conscious , active re-utilization of things that people no longer desire is incredibly slack. The second, third, fourth, fifth and sixth uses, these are free environmentally.
Gupta: Yeah. We nearly fell off our goddam chairs when we figured this out. What slice of the pie could be cut with this? It might be 15 percent. Are you not worried about forkage? What are your barriers to entry? Gupta: So right now, the main barrier to entry is that no one is taking it seriously. Subscribe to , Subscribe. Violins are one item Gupta wants to register on his Mattereum blockchain. And the third wave helps out refugees?
How does that work, exactly? Not much, really. How does Mattereum crack the problem? How did they get paid? Vinay Gupta. Gupta: Yes, absolutely. Shatner pitching Mattereum via YouTube. When do you think that will happen? How about at scale? And how does it expand beyond those high-end niche items? Gupta: Start simpler. Think of Patagonia. You know Patagonia? Got it. Gupta: Almost like notaries.
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