Topic: Data Brokers

The technology behind Volta Wireless is based on machine-to-machine (M2M) SIM cards, originally used for industrial automation in pipelines and railways. This system allows for encrypted data transmission across 800 mobile networks in 200 countries. Sinclair also introduces the Volta private payment system, which allows for financial transactions without the data collection practiced by Venmo or Cash App.

The discussion covers how traditional mobile operators violate medical privacy (HIPAA) by recording and selling text messages containing health information. Sinclair explains that "surveillance capitalism" relies on building psychological models of users to manipulate their behavior. Volta Wireless aims to disrupt this model by providing a paid service that treats the user as a customer rather than a product.