This is an report about Open Supply Finance. It’s an concept I very first sketched out at a talk I gave at the Open Information Institute in London. By ‘Open Source Finance’, I do not just mean open supply application programmes. Rather, I am referring to one thing considerably deeper and broader. It really is a way of framing an general alter we might want to see in the economic system. To illustrate this, I set up an analogy amongst personal computer systems and financial systems, and I then discover what financial ‘code’ may well be. I then sketch out the five pillars that could underpin an open finance movement.

I recently helped pals fill out paperwork to move into a budget apartment complicated and the requirement on their paperwork read that the rent should not exceed 30% of the applicants’ combined earnings. So their $700 a month apartment needs …