First is Visa Intelligent Commerce, which will make intentcasting happen in a big way. It will also elevate the roles of Inrupt and the open-source Solid Project.
Second is making individuals first parties in their agreements with companies. It’s been the other way around ever since industry won the industrial revolution. Still, in the digital world, which runs on the Internet’s peer-to-peer protocols, we can fix that with an upcoming IEEE standard called IEEE P7012, aka MyTerms.
Third is the First Person Project, or FPP (website pending). With help on the buy side from Customer Commons and on the sell side by Ayra, we can finally replace “show your ID” with verifiable credentials presented on an as-needed basis by independent and self-sovereign individuals operating inside their own webs of trust.
Fourth is personal AI. This is AI that is as much yours as your shoes, your bike, and your PC. Personal, not personalized.
To explain how these will work together, start here:
Not long after The Intention Economy came out in May, 2012, Robert Thomson, Managing Editor of The Wall Street Journal, wanted the book’s opening chapter to serve as the cover essay for the Marketplace section of an upcoming issue. Harvard Business Review Press didn’t like that idea, so I wrote an original piece based on one idea in the book: that shoppers will soon be able to tell the market what they’re looking for, in safe, secure and anonymous ways—a kind of advertising in reverse that the book called “personal RFPs” and has since come to be called “intentcasting.” This became The Customer as a God: The image above was the whole cover of the Marketplace section on Monday, July 23, 2012. The essay opened with these prophetic words: “It’s a Saturday morning in 2022…”
It is now a Friday morning in 2025, and that godly future for customers is still not here. Yes, we have more market power than in 2012, but we are digital serfs whose powers are limited to those granted by Amazon, Apple, Facebook, Google, Microsoft, and other feudal overlords. This system is a free market only to the degree that you can choose your captor. This has led to—
The IONBA (Internet Of Notning But Accounts) is based on a premise: that the best customers are captive ones. In this relic of the industrial age, customers are captive to every entity that requires logins and passwords. Customers also have no ways of their own to globally control what data is collected about them, or how. Or to limit how that data is used. This is why our digital lives are infected by privacy-killing data-collection viruses living inside our computers, phones, TVs, and cars.
If you didn’t know about those last two, dig:
- Consumer Reports says “All smart TVs—from Samsung, LG, you name it—collect personal data.” They also come with lame “privacy” controls, typically buried deep in a settings menu. (Good luck exhuming them. The ones in our TCL and Samsung TVs have all but disappeared.)
- Mozilla calls new cars “the Worst Product Category We Have Ever Reviewed for Privacy.” There is also nothing you can do to stop your car from reporting on everything your car does—and everything you do, including sexual ativity—to the carmaker, insurance companies, law enforcement, and who knows who else. This data goes out through your car’s cell phone, misleadingly called a telematics control unit. The antenna is hidden in the shark fin on your car’s roof or in an outside mirror.
Businesses are also starting to lose faith in surveillance, for at least eight reasons:
- People hate it.
- They also fight it. By 2015 ad blocking and tracking protection were the biggest boycott in world history.
- It tarnishes brands.
- Ad fraud is a gigantic problem, and built into the system.
- It commits Chrysoogocide (killing golden geese, most notably publishers). Bonus link.
- Regulatory pressure against it is getting bigger all the time.
- Advertisers are finally remembering that brands are made by ads aimed at populations, while personalized ads are just digital junk mail.
- Customers are using AI tools for guidance toward a final purchase, bypassing marketing schemes to bias purchasing decisions along the way. For more on that, see Tom Fishburne’s cartoon, and Bain’s report about it.
So our four roads to The Intention Economy start with the final failings of the systems built to prevent it. Now let’s look at those roads.
Visa Intelligent Commerce
The press release is Find and Buy with AI: Visa Unveils New Era of Commerce. Less blah is Enabling AI agents to buy securely and seamlessly. Here’s the opening copy.
Imagine a future where an AI agent can shop and buy for you. AI commerce — commerce powered by an AI agent — is going to transform the way consumers around the world shop.
Introducing Visa Intelligent Commerce, an initiative that will empower AI agents to deliver personalized and secure shopping experiences for consumers – at scale.
From browsing and selection to purchase and post-purchase management, this program will equip AI agents to seamlessly manage key phases of the shopping process.
Visa CEO Ryan McInerney says a lot more in a 1:22 talk at Visa Product Drop 2025. The most relevant part starts about 26 minutes in, with a demo starting at about 31:30. Please watch it. Much of what you see there owes to Inrupt and Solid, which Sir Tim Berners-Lee says were inspired by The Intention Economy. For more about where Inrupt and Solid fit in Visa Intelligent Commerce, see Standards for Agentic Commerce: Visa’s Bold Move and What It Means: Visa’s investment in safe Intelligent Commerce points to a future of standards-forward personal AI, by John Bruce, Inrupt’s CEO. John briefed Joyce and me over Zoom the other day. Very encouraging, with lots to develop on and talk about.
More links:
- A tweet appreciative of Inrupt by Visa’s @JackForestell
- Privacy for Agentic AI, by Bruce Schneier, Inrupt’s CISO (as well as the world’s leading security expert, and an old pal through Harvard’s Berkman Klein Center). Also from Bruce: What Magic Johnson and Bruce Schneier taught us at RSAC 2025 and RSAC 2025: The Pioneers of the Web Want to Give You Back Control of Your Data
- Visa announces AI Agent Payment APIs – and a pathway to Empowerment Tech, by Jamie Smith, who writes Customer Futures, the most VRooMy newsletter out there.
Some news being made about Visa Intelligent Commerce:
- Visa partners with AI giants to streamline online shopping
- Visa Gives AI Shopping Agents ‘Intelligent Commerce’ Superpowers
- Visa launches ‘Intelligent Commerce’ platform, letting AI agents swipe your card—safely, it says
- How major payment companies could soon let AI spend your money for you
- Visa, Mastercard offer support for AI agents
- Visa wants to give artificial intelligence ‘agents’ your credit card
- Visa adds ‘unknown concept’ where AI makes purchases for you – but shoppers suspect more ‘sinister purpose’
- Visa Unveils Intelligent Commerce to Power AI-Driven Payments
IEEE P7012 “MyTerms”
MyTerms, the most important standard in development today, will be a keystone service of Customer Commons, the nonprofit spinoff of ProjectVRM. It will do for contract what Creative Commons did for copyright: give individuals a new form of control. With MyTerms, agreements between customers and companies will be far more genuine mutual, and open to new forms of innovation not based on the kind of corporate control that typifies the IONBA. For example, it can open Visa Intelligent Commerce to conversations and relationships that go far past transaction. Take for example Market intelligence that flows both ways. While this has been thinkable for a decade or more (that last link is from 2016), it’s far more do-able when customers and companies have real relationships based on equal power and mutual interests. These are best framed up on agreements that start on the customer’s side, and give customers scale across all the companies with which they have genuine relationships.
First Person Project (FPP)
To me, FPP begins with the vision “Big Davy” Sallis came up with while he was working for VISA Europe in 2012, and read the The Intention Economy. At the time, he wanted Visa to make VRM a real category, but assumed that would take too long. So he decided to create a VRM startup called Qredo. Joyce and I consulted Qredo until Davy died (far too young) in 2015. Qredo went into a different business, but a draft I created for Qredo’s original website survives, and it outlines much of what the FPP will make possible. That effort is led by Drummond Reed, another friend and collaborator of Davy’s and a participant in ProjectVRM from the start. Drummond says the FPP is inspired by Why We Need First Person Technologies on the Net, a post published here in 2014. That post begins,
We need first person technologies for the same reason we need first person voices: because there are some things only a person can say and do.
Only a person can use the pronouns “I,” “me,” “my” and “mine.” Likewise, only a person can use tools such as screwdrivers, eyeglasses and pencils. Those things are all first person technologies. They were invented for individual persons to use.
We use first person technologies the same unique ways we use our voices.
Among other things, the First Person Project will fix how identity works on the Internet. With FPI—First Person Identity—interactions with relying parties (the ones wanting “your ID”) don’t need your drivers license, passport, birth certificate, credit card, or account information. You just give them what’s required, on an as-needed basis, in the form of verifiable credentials. The credentials you provide can verify that you are a citizen of a country, licensed to drive, have a ticket to a game, or whatever. In other words, they do what Kim Cameron outlined in his Laws of Identity: disclose minimum information for constrained uses (Law 2) to justifiable parties (Law 3) under your control and consent (Law 1). The credential you present is called a DID: a Decentralized Identifier. No account is required.
Trust in FPI also expands from individual to community. Here is how Phil Windley explains it in Establishing First Person Digital Trust:
When Alice and Bob met at IIW, they didn’t rely on a platform to create their connection. They didn’t upload keys to a server or wait for some central authority to vouch for them. They exchanged DIDs, authenticated each other directly, and established a secure, private communication channel.
That moment wasn’t just a technical handshake—it was a statement of first-person identity. Alice told Bob, “This is who I am, on my terms.” Bob responded in kind. And when they each issued a verifiable relationship credential, they gave that relationship form: a mutual, portable, cryptographically signed artifact of trust. This is the essence of first-person identity—not something granted by an institution, but something expressed and constructed in the context of relationships. It’s identity as narrative, not authority; as connection, not classification.
And because these credentials are issued peer-to-peer, scoped to real interactions, and managed by personal agents, they resist commodification and exploitation. They are not profile pages or social graphs owned by a company to be monetized. They are artifacts of human connection, held and controlled by the people who made them. In this world, Alice and Bob aren’t just users—they’re participants.
This also expands outward into community, and webs of trust. You get personal agency plus community agency.
The FPP covers a lot more ground than identity alone, but that’s where it starts. Also, Customer Commons is a funding source for the FPP, and I’m involved there as well.
Personal AI
Reza Rassool was also inspired by The Intention Economy when he started Kwaai.ai, a nonprofit community developing open-source personal AI. I now serve Kwaai as its volunteer Chief Intention Officer.
Let’s look at what personal AI will do for this woman:
Looks great, but we’re stuck in IONBA, she has little control over her personal data in all those spaces. For example,
- She doesn’t have the digital version of what George Carlin called “a place for my stuff.” (Watch that video. It’s brilliant—and correct.)
- She has few records of where she’s been, who she’s been with and when—even though apps on her phone know that stuff and are keeping it inside the records of her giant overlords and/or selling it to parties unknown, with no way yet for getting it back for her own use.
- Her finances are possibly organized, but scattered between the folders she keeps for taxes, plus the ones that live with banks, brokers, and other entities she hardly thinks about. It would be mighty handy to have a place of her own where she could easily see all her obligations, recurring payments, subscriptions, and other stuff her counterparties would rather she not know completely.
- Her schedules are in Apple, Google, and/or Microsoft calendars, which are well app’d and searchable, but not integrated. She has no digital calendar that is independent and truly her own.
- Her business and personal relationship records are scattered across her contact apps, her Linkedin page, and piles of notes and business cards. She has no place or way of her own to manage all of them.
- Her health care records (at least here in the U.S.) are a total mess. Some of them ares inside the MyCharts and patient portals provided by separate (and mostly unconnected) health care specialists and medical systems. Some of it is in piles of printouts she has accumulated (if she’s kept them) from all the different providers she has seen. Some of it is in fitness and wellness apps, all with exclusive ways of dealing with users. None of it is in a unified and coherent form.
So the challenge for personal AI is pulling all that data out of all her accounts, and putting it into forms that give her full agency, with the help of her personal AIs. Personalized AIs from giants can’t do that. We need our own personal AIs.
Four roads, one destination: a world where free customers prove more valuable than captive ones. Let’s make it happen.