The following podcast contains advertising.

To access an ad-free version of the Lawfair Podcast,

become a material supporter of Lawfair at Patreon.com slash Lawfair. That's Patreon.com

slash Lawfair. Also check out Lawfair's other podcast offerings, rational security, chatter, lawfare no bull, and the aftermath.

Perhaps these big behemics want more than just holding the money or investing the money.

Maybe they're about to move into a separate sector.

And then all of a sudden, their power

might actually become more of a problem

than it does right now, because all of those current

regulatory structures are going to be evident.

It's the Law Fair Podcast.

I'm Alan Rosenstein, associate professor at the University of Minnesota Law School

and senior editor at Law Fair,

with Alexander Rigby, a law clerk on the Delaware Court of Chancery, and Chinmayy Sharma,

Associate Professor at Ford Law School.

You need to use ex ante tools to decentralize decision-making power from those major institutions before you can hope that

writing a bit of code is going to solve all the problems.

Today we're talking about a new paper that Alex and Chini have published as part of

Law Fair's Ongoing Digital Social Contract Series, entitled Open Banking, a case study in the

benefits of interoperability.

Your paper is about interoperability in the U.S. consumer finance system, which is a very

important topic in its own right.

...