Who is the Inventor of Peer-to-peer Capital Markets and Progenitor of Decentralised Finance (DeFi)?

Reggie Middleton’s patent Devices, Systems, and Methods for Facilitating Low Trust and Zero Trust Value Transfers was granted in the USA and Japan: https://patents.google.com/patent/US20170187535A1/en

Read Reggie’s blog: https://boombustblog.com/

Reggie Middleton is an entrepreneurial investor who predicted the housing market crash of 2008 in the spring of 2006 and publicly in September of 2007. He also predicted the fall of commercial real estate in general (September of 2007) and the collapse of General Growth Properties in particular. In 2014, he founded Veritaseum and he is the progenitor of decentralized finance technology.

VeritaseumTM, Inc. is a C corporation formed to exploit modern cryptography in the field of finance, economics and value transfer transactions. UltraCoinTM harnesses the abilities of recent discoveries in cryptographic science to literally enable programmable money.

Using that programmability, Veritaseum UltraCoinTM transforms traditional contracts and agreements by embedding the terms directly into the currency itself. As a result, where Veritaseum’s UltraCoin is used to conduct transactions, any transactions, the money will perform according to the terms agreed to by the parties, and only as agreed. It cannot be spent in any other fashion. This is true from anything as simple as a purchase of a widget from a retail store where the widget must be delivered to person B on time X and in Y condition or person A does not get paid, to considerably more complex transactions such as global stock, currency, and commodities exchanges, letters of credit, insurance underwriting, or the trading and licensing of intellectual property.
This has quite profound implications for nearly every interaction where value is transferred. It virtually eliminates the ability to default or defraud at a fraction of the cost of more traditional and less reliable mechanisms. Quite frankly, it eliminates the need to have to trust your counter party in a transaction. This is known as a ZeroTrust transaction.

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