LAO Team,

The Next Killer App for Blockchain is — Consumer Buying Power.

Just imagine a multi-million Member Consumer Buying Co-op and the impact it could have on the current online market.

I was the original inventor of auctions on the Internet, 15 months before eBay was founded. I sold that original patent portfolio to Intellectual Ventures in SF, an eBay affiliate.

I now have a new Reverse Auction Patent designed for Consumer purchasing similar to systems used by Corporate Purchasing Departments.

I plan to launch ConsumerCartel, a DAO for a Consumer Co-op (similar to a Farmers’ Co-op) to harness the Collective Buying Power of Millions of Consumers.

This DAO will not only help Consumers purchase products at the best price using our patented reverse auction technology, but it would also help Consumers monetize their anonymous profiles with a paid attention model and also offer them exclusive Manufacturer Rebates.

ConsumerCartel will offer three primary services:

MAC — Members Ad Club Consumer self-generated, privacy-sensitive profiles designed to disrupt the Advertising Industry with a Consumer-Centric Model

MBC — Members Buying Club Manufacturer-Direct-to-Consumer Marketplace to disintermediate middlemen including Amazon

MCC — Members Car Club Dealers compete in a Reverse Auction to deliver Price-Transparency and Price-Assurance to an opaque market The synergy and combined scope of the ConsumerCartel could be a very powerful tool for empowering consumers.

ConsumerCartel – Overview

ConsumerCartel Membership Drive — Phase I

MAC – Members Ad Club — Phase II