There’s a strange feeling we all get when we know something big is about to happen. It’s a sensation in the tip of your spine — a little jolt of brain chemicals that makes your skin tighten and your body shiver a little.
On January 9th, 2007, a crowd full of people in Cupertino, California all got to feel that spine-tingling sensation at once. Steve Jobs was presenting a new product line for Apple — an iPod phone, or iPhone. Before a crowd of eager onlookers, he turned on the device’s screen, which displayed an option “swipe to unlock.” Using only his index finger — no keyboard, no stylus — he swiped the arrow icon from one side of the screen to the other.
In that one motion, Steve Jobs showed the world what it would look like in the future (https://youtu.be/vN4U5FqrOdQ?t=948).
The feeling in the crowd that day was the same one experienced by three computer programmers on October 29th, 1969. At UCLA, a professor — Leonard Kleinrock — and his student — Charley Kline — were attempting to transmit a message to a colleague, Bill Duvall, at Stanford University. Using their SDS Sigma 7 — a computer the size of a vending machine — they programmed the word “login” to be sent 350 miles, from Los Angeles to San Francisco.
Partway through, the machine crashed. But the first two letters — “lo” — were sent successfully. “Lo” and behold, the world had a long-distance computer network.
History is constantly changing, but it’s not often that we get to recognize that change before it happens. An iPhone swipes to unlock, then a decade later half the world’s population owns smartphones. Two letters transmit across California, and after a few decades the internet becomes the very basis for modern life. In both of these cases something big was about to happen, we just weren’t quite there yet. We were standing on the precipice, looking out at it. Waiting for our future.
Today, we’re at the precipice of another big change.
It’s been a long time coming. While digital technology has progressed at lightning speeds, finance has failed to keep up with the modern age. Big banks still rely on decades-old IT infrastructure, where middlemen do the work that could otherwise be easily automated. Only the tasks we don’t want digitized and automated — like customer service bots — seem to be handed to computers. For their failure to innovate, banks, insurance providers, securities exchanges, and the rest of the financial industry is in equal parts expensive and siloed — a mashup of inefficient and disconnected structures and services. Everyone who interacts with this system (read: all of us) suffers for it.
And it doesn’t take a scientist to tell. Right now, if you live in New York City, and you have an urgent message for someone in Beijing, you can message them in seconds or less. But if you want to quickly transfer money to that same person? The fastest way to do it is to pack a toothbrush and some socks, hop on a JetBlue flight, and fly yourself halfway across the world. After all, a wire transfer would take days to complete. And any faster method would require a nice, hefty transaction fee.
Money hasn’t caught up with technology yet. But it’s about to.
Introducing Chainge
Chainge, fueled by the brilliant infrastructure of Fusion, offers coded financial services one tap away. It is the gateway to decentralized, automated finance: the foundation of the upcoming internet-of-value revolution. With Chainge you are in complete control of your assets: no boundaries, no middlemen, just smooth and uncomplicated interaction with your money.
Such ease of use wasn’t possible until now. For years we were stuck with those unaffordable, slow offerings from aged financial institutions. But with ultra-fast progress in automated and distributed ledger technologies, more and more applications are now coming out to improve the relationship between people and their money.
Chainge offers an automated solution for reducing the hassle and time spent on performing complex financial operations, while at the same time keeping your assets secure. It’s based on an access-from-anywhere system in which anyone, with only an internet connection, can benefit from the full freedoms of modern finance.
Even though we’re a private company, Chainge is dedicated to embracing community. So your support, feedback and involvement is crucial to our offering a more valuable, seamless experience.
This is just the beginning of a long journey. We invite everyone to imagine, hope and dream of a new reality through decentralized finance.
