3min snip

My First Million cover image

#146 with Suleman "Suli" Ali - Voluntarily Selling Our Data, Creating The New Religion and A Fund Making Millions Shorting Pharma Companies

My First Million

NOTE

Creating a Transparent Reputation System for Business Connections

Implementing a platform that provides transparent information on individuals and their roles in various companies can catalyze business transactions. This concept aims to eliminate the invisibility of organizational structures within companies, making it easier for individuals to identify the right contacts. By creating a data set that showcases professional relationships and hierarchies, this platform could potentially address the limitations of traditional networking sites like LinkedIn. Such a platform could be monetized by providing access to valuable data on individuals, bringing value to professionals in various industries such as law and real estate. The idea is similar to the concept of a social credit score, as seen in China, but in a private, transparent, and invertible format, offering individuals a way to showcase their trustworthiness and potentially benefit from it in various aspects of their lives.

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