Ian Worrall, founder of Mybit.io — A PLATFORM FOR CROWDFUNDING MACHINE OWNERSHIP INVESTMENTS

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 22 August 2017

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ian Worrall, founder of Mybit.io, discusses the need to begin purchasing automated machinery, how it works to create a profit for investors, and the future of this platform.
As autonomous machines become more capable of doing work that is currently produced by humans, job displacement around the world will grow. At the same time, these types of automated machinery can be very expensive, limiting entrance to these markets to large companies.
Mybit.io's solution is to crowdfund the ownership of, and investment in, different projects, so that individuals and small companies around the world can also share in the revenue created by these machines, thereby democratizing the market.
Tests are scheduled to begin in 2018 with solar power and real estate development. In the future, Mybit.io believes that this platform could work for any machine connected to the Internet–commercial farming, construction, or warehouse machinery, delivery drones, 3D printers, crypto-currency ATMs, and more.

Transcript

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0:00.0	The Bitcoin, Ethereum, and Blockchain Superconference is coming to Dallas, Texas, February 16, 17, and 18 in 2018.
0:11.9	If you know of a better way to get the latest insider knowledge about crypto, to hear directly from the top minds in this field,
0:18.4	to interact personally with 800 fellow crypto lovers,
0:22.4	hodlers, investors, miners, traders, developers and founders, then I'd like to hear about it.
0:28.6	If you don't, then you don't want to miss out.
0:31.6	Registered today for the Bitcoin, Ethereum, and Blockchain Superconference.
0:35.9	Go to Bitcoin Superconference.com and register today as a super early bird to get the lowest rates on tickets and hotel rooms.
0:44.3	That's Bitcoinsuperconference.com.
0:48.8	Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs.
0:55.3	Future Technologies, ways to transform our lives for better or worse,
0:59.1	or the focus of this podcast.
1:01.0	Almost here means these technologies are now here and starting to be used,
1:05.4	or just around the corner, from Bitcoin to artificial intelligence, 3D printing,
1:10.4	blockchain, virtual reality, and more.
1:13.8	Hi, this is Richard Jacobs with the Future Tech Podcast.
1:17.2	My guest today is Ian Worrell, founder of MyBits.io.
1:22.1	Ian, how you doing?
1:23.3	Hey, I'm good, Richard. How are you?
1:24.7	Good.
1:25.5	Yeah, would you start off just tell folks what my bid does?
1:28.8	Sure. So our vision is to democratize machine ownership. So as IoT devices and machines start
1:35.9	playing a bigger role in the world economy, we saw an opportunity where we could have the ownership
	...

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