It's a Wallet with a Brain. Think about Apple Pay, Google Pay or Samsung Pay, Visa and Mastercard. They only think after you've paid for something. Really pretty simple - click and pay. There's no thinking about who you are or what you need. They don't really think about you before you pay. They just make sure your money moves from point A to point B. We're taking this to a whole new place. Basically, we're taking your wallet and putting an AI brain in it. An Artificially Intelligent Digital Wallet.

It thinks before you pay for stuff. Your wallet thinks for you. Thinks for your family. Thinks for your business. ​ It's a different way of ... thinking.

Participants are not just "users". They participate in the ecosystem. Participants are anyone using the platform. ​ All of these participants have an AIDW (Artificially Intelligent Digital Wallet). Everyone will have one. ​ People will ofcourse have their own wallets, but families will aswell (see section below on cool stuff), business wallets and more. ​ It also groups, organisation, Small to Medium Enterprises, Partnerships, Non-Profit Orgnanisations, Governments (eg. national, federal, state, provisionacia and so forth), together with neural networks, AI/ML models and other third parties. There are also opportunities for blockchain, sidechain and other cryptographic solutions to 'participate' in the ecosystem. They ofcourse will be incentivized to provide value to other participants, which in-turn will also provide value to the blockchain solutions aswell.

All our "participants" will have wallets. Not just single 'users', also families, teams, businesses, governments, and all sorts of communities will share wallets. They will be able to simultaneously work as individuals and as teams. "Stapled" wallets allow for groups >1 to operate 'together' even though their wallets are perfectly safe and private on their own.

Think Phonebox vs iPhone Think about how you used to make a phone call. No thinking about who you were or what you needed, just put your coins in and press the buttons. Now think about your SmartPhone or Smart Device - different world right ? The billion or so payment widgets out there are really working to make life easier - for the company behind them, rather than the participants inside the actual system. Colorpay has a different vantage point that allows us to learn, help and assist in a multitude of directions. We can think before spending rather than just after.

Ok, there's plenty of cool stuff we're working on. How long do we have ?? Here's a snapshot of a few. Stapled Wallets : Wallets that you can "staple" together for your family and friends to be able to 'share' spending, rewards and wealth. This means everyone in your circle can be smarter. ​ Living Expenses : We're hitting cost of living with the AI stick. A very heavy stick. Bills are our crosshairs and we're going to shake a few industries up. It's going to be a wild ride so buckle up. AI Rewards : imagine pointing your wallet towards what rewards you the most, the best and towards things you actually want - like another toaster (no that's a joke). Really, stuff you actually want. AI powered Rewards are a big part of our ecosystem. Control Panel: Control the time, place, quantity, family, language and other parameters before money is spent.

In order to 'Think Different' a wallet must be Built Different. In a nutshell, there huge barriers for most players today in the payments widget marketplace. That includes Visa, Mastercard, ApplePay and so on. Basically - they've got the wrong "base architecture" for AI to work really well. Like a horse and cart versus an F1 motor vechicle. Both will go, one goes faster. Much faster. ​ First and foremost - for AI to work properly you need data. Lots of it. Without getting into technical details (which we would love to !!) - it's illegal to share data in most countries - especially USA, Australia and Europe. There's super strict laws (for good reason) around data and what can be done with it. WIthout data, most of these widgets are just that. Without data, their ability to think for you is really limited to well, them. ​ How are we different ? Well we're built differently from the base architecture upwards. We're a 'bottom-up' AI approach rather than a 'top-down' - radically different architectural philosophy.

How can people power 'beat' trillion dollar companies ? If you're a bank or a tech company (or any other company for that matter) you need lots of data to make any meaningful AI outcomes for your users. But in order to get data you need people to share it - unfortunately for most people there simply aren't great incentives to do so. Plus there are some pretty strict rules around data protection, security and privacy. These cannot be broken. The penalties are not only severe but customers will leave you in droves. So then, how can a diverse community of participants "beat" a trillion dollar tech or banking giant ? Incentives. Credibly engraved into a kind of covenant that the participants agree on. Part of the secret resides in the fact that most of the "value" that consumers hold is strewn about widely and locked away in countless remote pockets and valleys - sometimes not even the user is aware of their unlocked value. ​ The people who are best equipped to harness the various pockets of localized knowledge that AI problems demand are those who are closest to those pockets (of data) - the participants themselves. Therefore with the right kinds of incentives, these participants can provide the kinds of distributions required for AI to operate most effectively. We're going into all the pockets of data, not just those that we 'think' the data is contained in.

It's the people wearing the pants who can tell us what's in each pocket, not those who make the pants. The participant is the center of gravity, not the conductor.