BPM

blcos
September 8, 2014

Breaking down the Dwolla network to its core.

Dwolla, as a network… has no money. It’s not a bank. DWolla does not hold money. The DWolla network talks to banks on behalf of members of the network.

Your money, my money, is already virtualized. The first time I was explaining that concept to a bank they looked at me sideways and the room fell silent. That happened again and again and again and still happens today.

It’s happened in local banks, regional banks, and global banks.

The cash in your pocket is a UI. It’s a trigger to post to a balance sheet in a computer. That check you write, it’s a trigger to get a balance from point A to B. The card you carry—just calls a server and tells the money to go from you to the person or company they represent who swiped it. Each one of these sentences could be a blog post on its own.

Dwolla is an efficient trigger. It is real-time by default, and there is nothing physical in the whole equation except for the computers that access the network and the people writing code, answering e-mails, and talking about it, to make the network better.

Dwolla, is built on the internet. Dwolla, is code.

 

Continue reading “Breaking down the Dwolla network to its core.” »

August 27, 2014

A fascinating look at how we consume music

I came across this somewhere I can’t actually recall but I’ve watched it no less than 2 dozen times. It’s just such a terrific view into how technology eats things.

music-industry-change.0

What is most fascinating to me is that you can see some general trend that is likely to happen again, although I can’t quite imagine what the again part will look like.

Consumption typically follows cost, portability, speed of delivery, and storage capacity.

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Google_Chrome4w
June 7, 2014

Do Obvious Things.

Businesses want to get paid faster and they don’t want to pay a fortune to do it. That is not complicated.

Most payments on the Dwolla network happen in real-time but that doesn’t mean at some point the money doesn’t go in or out of accounts that don’t have real-time available. Every time that happens there is/was this nasty 3-5 day wait.

Now, it’s just a day for certain businesses. No preloading. No shenanigans. All withdraws got significantly faster as well.

Continue reading “Do Obvious Things.” »

May 25, 2014

Rituals in transition.

I describe my life as something of a nomad to the uninitiated.

The uninitiated to me is essentially everyone who lives in 1 town, has 1 home, and works a regular 9 to 5. Uninitiated in this sense doesn’t mean anything derogatory, it is just an unfair classifier for anyone that doesn’t understand how my life functions if they ask me in a generic conversation something as broad as:

So what’s __________ (insert x personal item) like?

That could just be as easily replaced with anything that happens in their daily life that is brought up for the sake of conversation. Typically their life has conventional subjects while mine includes rather unconventional subjects that if I talk about them I sound like a complete loon if we don’t know each other really well.

My frequent flier mile program on Delta rings up ~250K+ miles a year and whenever I get to spend more than 3 days in one place I am a very happy person. Next month I’m on the move 20-23 days of the month and I couldn’t even tell you if I’m going to stay in the same country.

Continue reading “Rituals in transition.” »

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