Alex Rawitz is a seasoned entrepreneur and co-founder of DIMO, with over a decade of experience spanning technology, blockchain, IoT, and startups. We spoke about the future of connected devices, the challenges of interoperability, and how empowering individuals with control over their data can unlock tremendous value across industries.

Alex shared insights on the intersection of IoT and blockchain, emphasizing the potential of machine-to-machine payments and autonomous systems. As he explained, "The world is filled with devices and sensors, and all of our cars are now smart. Cars as an IoT category are five times bigger than all other devices combined."

Key topics we discussed include:

• Data Ownership and Ecosystems: Why giving users control over their data is critical for fostering innovation and creating value. "We believe the ultimate vision of DIMO is best achieved by building open source and helping to grow the number of contributors."
• The Interoperability Problem: How foundational technology needs rethinking to connect devices like autonomous vehicles and smart infrastructure.
• Supporting Startups: Why startups, not big corporations, will lead the next wave of transformative products. "The thing I get most excited about every day is working with entrepreneurs who are trying to start new businesses and build new products."

Takeaways:

1. The future of IoT depends on interoperable systems that enable seamless data sharing and collaboration between devices.
2. Open-source development is crucial for building ecosystems that support innovation and growth.
3. Empowering individuals with data control can unlock new business opportunities, from personalized insurance to carbon credits for EVs.

This episode offers a fascinating glimpse into how technology can reshape industries and improve everyday experiences.