Founded in 2015 by one of Canada’s most prolific finance, media, and technology financiers, G Scott Paterson, along with marketing ace, Michael Bradley, FutureVault has been at the forefront of innovation by providing modern and sophisticated document management solutions via white-labeled Digital Vaults to financial institutions, wealth management firms, and their end-clients since the commercial launch of its B2B2C Platform-as-a-Service in 2018.
The company was founded on the principle and belief that information is an asset class and that our personal information should be treated and handled with the same level of care as one’s personal finances.
This belief is foundational to the company’s mission and vision, significantly driving the development of the FutureVault platform.
In pursuit of building a best-in-class platform, FutureVault has been successful in its B2B2C offering, having built and established a suite of innovative (and patented) tools and rich product feature sets to solve and address the many day-to-day painstaking challenges that institutions, advisory firms, and service professionals often come face-to-face with.
With over 100,000 Personal Life Management digital vaults deployed to date to end-users via the company’s B2B2C enterprise relationships with financial institutions, wealth management firms, and professionals, FutureVault has demonstrated that its award-winning, proprietary, and patented technology is the future of how documents, data, and information are stored, managed, and transferred in a digital-first world. Now, the company is adding a B2C offering which intersects with the blockchain and crypto currency worlds. Documents of permanence in one’s Personal Life Management vault will be stored and managed via the
blockchain. At the same time, consumers will earn tokens by interacting with the platform affording them the ability to efficiently reign control over their personal information and, critically, to monetize it while ensuring such information remains safe and secure.
With FutureVault’s B2C tokenization offering, digital vault users will be paid tokens to open Personal Life Management vaults with the opportunity to continue earning tokens by sharing key information with product and service providers such as home, life, and auto insurance providers. Think loyalty program meets programmatic advertising meets marketplace meets tokenization.
Consumers with access to FutureVault’s B2C token App will house essential documents and data including, but not limited to; employment contracts, insurance policies, house deeds, credit scores, IDs, NFTs, and more. In a digital-first world, owning a Personal Life Management digital vault for private and valuable information is critical – making such information safe and easy to store and manage. The innovative technology behind the application allows consumers (users) to seamlessly upload and file documents and data directly to their Vault from email, existing storage applications, photo libraries, and more, by leveraging the App’s Artificial Intelligence processing and numerous third-party integrations.
Key data points and information from within documents are scanned and extracted, such as the make and model of your car, your premium on an insurance policy, current insurance provider, expiry dates and more. Users then have the choice to share this information by opting-in to earn utility tokens whereby their information, upon consent, is shared and delivered to various services providers (such as the Geico’s of the world) as not just any lead, but essentially the ultimate lead, given the precision of information being provided in addition to user consent. Privacy is paramount in this process, and all “leads” will remain completely anonymized unless and until the consumer agrees to become a customer. Ostensibly, the consumers have monetized their information by utilizing their tokens to receive discounts on products and services.
Big Tech continues to thrive generating revenues of billions of dollars from capturing and leveraging users’ personal data, packaging this valuable personal information to sell as leads to business which then turn around and target those same users via ads. FutureVault believes that consumers deserve to firstly have control over how and when their information is shared, and secondly are entitled to a portion of the revenue earned from selling that information.
