From OpenAI to Blockchain: Joey Bertschler’s Vision for Wage Access
Joey Bertschler, a former OpenAI employee, is pioneering a financial technology transformation with Volante Chain. This platform harnesses blockchain technology to provide employees immediate access to their wages, disrupting the conventional monthly payroll cycle. Bertschler’s shift from artificial intelligence to fintech stemmed from his tenure at OpenAI, where he observed restricted career advancement for non-U.S. staff.
Revolutionizing Payroll with Blockchain
Volante Chain distinguishes itself by employing blockchain for transparent and efficient record-keeping, which cuts costs and minimizes fees. The system incorporates artificial intelligence to forecast employer defaults and evaluate risks instantly. Bertschler notes that AI aids in identifying patterns and supporting decisions, but human supervision and legal checks remain integral to the process.
Key Features of Volante Chain
- Immediate wage access for employees
- Blockchain-powered documentation
- AI-enhanced risk analysis
- Cost-effective operations
Testing and Future Expansion
Volante Chain is currently in its initial testing phase, serving several thousand users in Vietnam and Japan. Backed by $2 million in private investment, the platform is poised for sustainable growth without immediate need for further funding. This stage is pivotal for refining the service based on user input ahead of wider implementation.
Criticism of OpenAI’s Direction
Bertschler has openly criticized OpenAI‘s evolution into a more opaque and commercially focused entity, particularly following Microsoft‘s investment. He contends that the organization’s recent actions diverge from its original ethos, labeling the current approach as ‘closed AI’ to reflect its departure from transparency.
The Road Ahead for Volante Chain
As Volante Chain advances beyond its beta phase, the emphasis will be on broadening its service footprint. Bertschler’s initiative promises to modernize payroll systems, offering a preview of fintech’s potential to enhance financial flexibility for workers globally.
