Februrary 23, 2021, SEATTLE/SINGAPORE: The resource allocation and economic intelligence sharing platform focused on financial inclusion, Stacks.ai, developed by financial software technology company Annie Stacks, Inc., has been chosen by the Algorand Foundation, to receive its Developer Incentive Award. The recognition is conferred in support of their work in the Algorand ecosystem, an open, public and permissionless, Proof-of-Stake blockchain network.
The award is dedicated to projects which add value to the Algorand eco-system, and deliver on its vision for an inclusive ecosystem providing an opportunity for everyone to benefit from the potential of an equitable and truly borderless economy.
Stacks.ai, built by Annie Stacks, Inc. of Seattle, Washington, uses the Algorand wallet as the default user wallet for a self-hosted economic management platform. In particular, the open-source digital wallet will allow subject matter experts, so called “Super – Users”, to share their insight and economic intelligence and earn rewards when their programs are utilized by end users. Not yet available to the public, Stacks.ai will be conducting a private beta shortly.
The Annie Stacks, Inc. team chose the Algorand protocol for both its sophisticated technical approach, as well its commitment to an inclusive economy, and will now be able to build further transparency into their applications.
Ray Monner, co-founder and CEO of Annie Stacks Inc. explains: “The Developer Incentive Grant will enable us to create a system for publishing an immutable attestation - for subject matter experts around the world to easily communicate information to end users, in the language they prefer, with relevant information based on local markets and needs. The smart wallet interprets the files and allows the user to implement the recommendations in accordance with their own smart wallet settings.’
‘Stacks.ai platform is quickly becoming an index of all economic activity. The index is crowd-sourced from a community of subject matter experts in both digital assets and economic/consumer fields who can now share their financial and economic recommendations in a very precise and nuanced way but without having to code.
We are offering subject matter experts a no-code required medium with which to communicate economic strategies to their own followers. Algorand’s NFT certificate functionality is the ideal technology for our use case.” Monner concludes.
The recognition of Annie Stack, Inc.’s invention and vision establishes the start-up as a clear contributor to and shaper of the future permissionless economy, supporting the Algorand eco-system and protocol.
Sean Lee, CEO of the Algorand Foundation, comments: “It is great to be able to support and work with Annie Stacks and their team by awarding them our Developer Incentive Grant. The reason for our selection of Stacks.ai is their commitment to building products for financial inclusion – in addition to their unique invention which is novel to the blockchain industry.”
Annie Stacks, Inc. is a financial software technology company incorporated in Washington state, developing economic automation programs and blockchain based services that build on the sharing economy. The firm offers an autonomous digital coach for economic decision-making, and a personalized savings algorithm for end users.
The firm was formed in 2018 by serial fin-tech founder Raymond Monner with the aim to address financial inclusion through use of synthetic intelligence, blockchain and other future discoveries, while providing a user-friendly experience for new users of these technologies.