"The Financial Pod concept emerged directly from the hackathon's hands-on workshops, where the team explored Solid - the decentralised data framework pioneered by Tim Berners-Lee."
"In simple terms, Solid separates data from applications, enabling individuals to store their personal information in secure, self-managed spaces known as Pods."
"This approach closely aligns with Sends' focus on security, simplicity, and customer control, allowing users to manage access on their own terms."
"Rather than storing sensitive financial information on centralised platforms, the Financial Pod routes processed data directly into the user's own Solid Pod."
Sends, an FCA-authorised EMI, was a finalist at the ODI hackathon, creating the Financial Pod prototype in two days. The event focused on data ownership and interoperability. Sends aimed to understand emerging data models and participated with a team of four. The Financial Pod concept arose from workshops exploring Solid, a decentralized data framework. This framework allows users to manage their data securely. The Financial Pod enables individuals to consolidate financial data and control access, ensuring ownership remains with the user rather than centralized platforms.
Read at London Business News | Londonlovesbusiness.com
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