Paul Mampilly would like to end inconveniences like renewing his driver’s license at the DMV. The last time he did this, he spent the entire morning in an uncomfortable chair for hours. He even went on social media to share his pain with his online friends.

The driver’s license is not the only pain in the neck. Paul Mampilly doesn’t look forward to getting replacements for his birth certificate, passport or Social Security card. It is a waste of his valuable time.


Isn’t there a more efficient way to prove your identity?

Is there something that would eliminate the need for using documents to prove a person’s identity?

The Europeans have already found the answers to these questions, and they have been using them for years.

Paul Mampilly let everyone know last year that he was in favor of being chipped to make his life easier. A lot of readers thought that the idea of having a chip placed in one’s body was insane. Paul Mampilly was willing to do it to eliminate the need to renew his passport and his driver’s license and throw away his wallet for good.

We can now do it because of blockchain technology. Blockchain is an electronic record that keeps all of our personal information in one secure place. The best thing about it is the fact that the information cannot be altered. One chip would be connected to the blockchain, so we could always have every piece of information that we could possibly need, and it would be extremely easy to access.

Why Is Paul Mampilly Willing to Forgo Privacy for Blockchain?

An example of how blockchain would work to protect identities can be found in Estonia. Estonia experienced a cyber attack across the entire country in 2007. In response, the country moved its data and systems to a blockchain-based system. Blockchain is actually software that supports an encrypted ledger where data that cannot be removed or altered will be stored without leaving a copy of the previous data.

Estonian identification cards have an electronic chip that can be used for all types of transactions, including banking, voting, filling prescriptions and applying for state benefits. One of the cards’ PIN codes is required to ensure that the person using the card is the owner of the card. The other PIN code is like a digital signature.

Because of this system, people now have complete control over their personal information. Blockchain uses “Decentralized Identifiers” or DiDs, and they make it possible for you to hold onto your data and only give it out when you want to do so. The DiDs exist on the blochchain’s ledger where your personal information exists. If you want to temporarily give someone permission to access your data, you can do so with your smartphone or desktop using a QR code.

Paul Mampilly started his career on Wall Street after he graduated from Montclair State University with a Bachelor of Business Administration in 1991. He graduated with a Master of Business Administration from Fordham Graduate School of Business in 1997. He got his first job on Wall Street in 1991 where he was an assistant portfolio manager at Bankers Trust. In addition to that, he managed accounts in the multi-million dollar range for ING and Deutsche Bank.

Paul Mampilly had proven to be such a huge asset to his investment firms that the owners of Kinetics Asset Management took notice. They invited him to manage their hedge fund, and their assets increased to $25 billion. Because the fund averaged 26 percent annual returns because of Paul Mampilly’s leadership, Barron’s felt compelled to name it as one of the “World’s Best” hedge funds.

Paul Mampilly started out with a $50 million account, and in two years, he managed to earn a 76 percent rate of return. The $50 million turned into $88 million, and he did this during the financial crisis of 2008 and 2009.

Paul Mampilly’s Recommendations

According to Paul Mampilly, readers can become invested in blockchain today, and they have two ways in which to do this. One way is to invest in cloud computing technology. Blockchain requires that an inordinate amount of information is stored on a computer that will not be able to be hacked by anybody. In order for this to happen, several computers are going to be needed.

There is another way as well. This way will need a large number of computer chips and computing power. This will mean that computer chip companies will be required to access a large amount of information that can be verified very quickly in the same way that bitcoin transactions are processed.

In addition to the options above, Paul Mampilly suggests that investors look into the semiconductor industry. Chips process our data by way of semiconductors. If we have a ton of data, we are going to need these chips to be able to process it as quickly as possible. As blockchain technology continues to grow, chip companies are going to begin growing exponentially in order to be able to handle all of that data.

Paul Mampilly suggests that people invest in the VanEck Vectors Semiconductor ETF. He recommended that people purchase this stock in 2016, but it is worth repeating. It exposes investors to the world’s leading chipmakers. After he recommended this stock the first time, it gained value by 90 percent. The good news is that Paul Mampilly believes that it has the potential to climb even higher as the semiconductor industry continues to grow.

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