TokenCard CTO Mischa discussing all things "Living a life on Ethereum", and what we're building at TokenCard, at ETH London (May 2019).

1. Living a Life on Ethereum
mischa@tokencard.io

3. o/

5. So, who are we ?
● A crowd-funded Ethereum Project, early May 2017
● Based in London
● We were a part of the FCA Sandbox Cohort 4:
TokenCard is the first non-custodial, direct-to-consumer experience that enables
payment in the real-world.
● We are around 20 people
● In an industry where companies shout before delivering, we are only starting to tell
our story now
● We are building a viable alternative to consumer banking

6. Decentralisation
No company is truly decentralised
But we are “decentralised” where it matters most, in our relationship with our
users.
We have a non-custodial relationship with our users and their assets

7. What have we achieved thus far
● Usability of Security, two main
problems
○ Key compromised
○ Loss of key (next step)
● Made tokens spendable in
the real-world
● A participatory consumer
banking experience

8. Let’s go back to 2009 … The Genesis
Block

10. The problem with banking as we know it
is that the profits are for the few and the
losses are socialised

12. A Consumer’s perspective of banking
● They look after your money, make sure it is “safe”
● They make your own money spendable
● They grant you credit leveraged from a fraction of
your neighbour’s money
● They gamble your money for profit

13. We believe that the business of
consumer banking is in direct conflict
with the consumer’s interest

15. What if there was a fundamental shift in
the world (away from centralised
institutions) that made it better and work
for everyone and everything, by
empowering individuals and making
ownership real?

16. We are at the dawn of a new economy

18. about the product …

19. TokenCard is the first and only
non-custodial VISA debit card

20. Why is this important ?

21. The Token Economy in the Palm of your Hand
● Ethereum Native
○ Dapp integration in the works …
● TokenCard App + Smart Contract Wallet
○ Embedded security features
■ Whitelisted addresses
■ Daily transfer limits
● TokenCard VISA®
Debit Card
○ Load with ETH / ERC-20
○ Allow users to spend anywhere in the
world
● 2500 lines of solidity (including comments)
governs our relationship with our users.

24. 0x5c76fb5fb117d190beac217bc3568e70
f2b6b71d

25. Participation
TKN: The Ethereum
Economy token
1% of all swipes goes into
backing our token
When we build a new banking
experience for the world,
everyone should be able to
participate in this new future

26. We believe that consumers should no
longer put their financial destiny in the
hands of entities whose incentive models
are in direct conflict with their own.

27. We believe in self-sovereign financeWe believe in self-sovereign finance
are delivering

28. demo

29. Thank you for your attention

30. In summary, caveat, and the future
● We have built a challenger bank and an Ethereum project
● We have delivered on our whitepaper, all but the 0 balance card
● Your fiat balance is custodial
● We have a solution to this, aka the 0 balance card
○ We have a working version of the 0 balance card
○ We are waiting sign off from regulator and key partners before we try and get it out
○ Only possible via Smart Contracts
● We are custodians of KYC data, we are looking at how we can deploy self
sovereign identity
● We are thinking about how we can use ZK tech to bring credible privacy to
this non-custodial world

31. Want to build the future ?
@mischat
@tokencard_io
https://discord.gg/YrrFpFd
https://tokencard.io/alpha/