Wrappers, Not Records
The World Bank has standardised the digital wallet. Its record names the person a credential describes, and has no field for the person a decision is about.
Also Digital identity · Provenance · Institutions
Topic
Commerce
Where an agentic decision reaches money, and who carries the cost when it is wrong — the rails, the fees on them, and the incentive each one encodes.
- Pieces
- 4
- Latest
- 2026
When the Customer Is Software
Visa to Stripe to Shopify, June rebuilt the commerce stack for a buyer that is software. Every layer sells the decision to allow. None sells the answer when an allowed act goes wrong.
Beyond Commerce
The industry solved who the agent is. The hard part is who answers when a valid action goes wrong. That gap is the institutional layer, and it does not stop at commerce.
Also Agentic governance · Institutions
UPI security needs a bug tracker
UPI inherits architectural weaknesses no one is accountable for finding, reporting, or fixing — a payment rail without a public bug tracker.