From OpenAI to Blockchain: Joey Bertschler’s Vision for Crypto Wage Access
Joey Bertschler, a former OpenAI employee, has launched Volante Chain, a blockchain-based platform designed to transform payroll systems by enabling same-day wage access. This innovation addresses the limitations of traditional monthly pay cycles, offering employees greater financial flexibility.
The Genesis of Volante Chain
After leaving OpenAI, Bertschler founded Volante Chain to merge blockchain technology with financial services. The platform utilizes blockchain for secure, transparent record-keeping and artificial intelligence for real-time risk assessment, creating a balanced system that integrates technology with necessary human oversight.
How Volante Chain Works
- Facilitates immediate wage access for employees
- Employs blockchain to ensure transparency and reduce costs
- Incorporates AI to predict employer defaults and assess risks
The Role of AI in Volante Chain
Artificial intelligence enhances Volante Chain by identifying potential employer defaults and evaluating risks as they arise. Bertschler highlights the system’s reliance on human oversight to maintain accuracy and fairness.
Funding and Future Plans
Volante Chain has secured $2 million in private funding, enabling initial deployments in Vietnam and Japan. This phase represents the platform’s minimum viable product stage, setting the foundation for future expansion.
Bertschler’s Critique of OpenAI
Bertschler’s departure from OpenAI stemmed from the company’s restrictive policies and limited advancement opportunities for international staff. He openly criticizes OpenAI’s recent shift toward secrecy and profit-driven motives, which he believes diverge from its original mission.
Looking Ahead
Volante Chain stands at the forefront of applying blockchain technology to payroll systems, demonstrating the potential for cryptocurrencies to streamline everyday financial transactions. This initiative could redefine wage distribution, offering a glimpse into the future of financial technology.
