“We seek to be Earth’s most customer-centric company for four primary customer sets: consumers, sellers, enterprises, and content creators.” - Amazon 1) How can amazon increase global competitiveness and enter new markets? 2) How can amazon strengthen ties with core customer segments? 3) How can Amazon reduce payment risks at a global, infrastructural level and mitigate global currency risk from an operational impact? 4) How can Amazon evolve its current product offering to meet the needs of the growing middle class? 5) How can Amazon address systemic financial problems that exclude ~3 billion people from the global economy?
Problem Identification: One-Half of the world’s population is systemically excluded from participating in the global economy. The cost of maintaining a secure and reliable economic infrastructure is too high. Financial institution’s Infrastructure is geared towards mitigating the following fraud types: Identity - Network - Transaction - User-Error - Collusion - Reporting - Asset. These types of fraud cause irreparable damage to a system and cause catastrophic failures in resource allocation. A globally distributed (cross-borders) organization wastes billions of dollars performing mundane transactions through highly complex 3rd party organizations. International remittance costs up to 15-20% of a transaction’s value, discouraging global workers from open trade. Technology today provides a means of leapfrogging the existing infrastructure problems in a way that is more transparent, cost efficient, and secure. Advancements in Network infrastructure, Distributed Ledger Technology, PKI standards implementation have not been integrated into the economic ecosystem in a meaningful way. Key to long-term success: Building Identity Infrastructure to meet the needs of the expanding global economy. Our goal is to provide a mathematically consistent, highly secure identity system that can provide financial capability to 90% of the world’s population. The intersection of these standards are the cutting edge information science and technology. Our goal is to provide the world with a human meaningful, accessible, and available identity system for a global Web-of-Trust. The NextTech system proposes a consistent global identity infrastructure for the internet, based on existing web and trade standards. We are building Identity Standards that promote economic inclusion, and economic access for the world’s population.
Technology Standards
Trade Standards
Web Standards