President, Chief Executive Officer & Director, Alexander Baldwin
Search every verified Lance Parker interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Lance Parker, president and CEO of Alexander Baldwin, discussed his background and the development of Bankex in a September 2022 video. He described studying at Embry-Riddle Aeronautical University and George Mason University, and operating a vending machine company during college. Parker stated that he purchased the Bankex domain in 2017 to create a mechanism for corporate treasuries and high-net-worth individuals to back commodity trades using the Paxos USD stablecoin. He said that after the cryptocurrency market crash and the pandemic shutdown, he decided to create a fully decentralized stablecoin integrated with Bankex. Parker outlined technology that encodes geometric shapes onto radio waves, which he said creates a near-infinite number of symbols and makes data more difficult for hackers to decipher than traditional binary code. He stated that one patent was used to send transaction data from bank ATMs over a secure cell phone network that was never hacked and was licensed to multiple institutions. Parker said the company plans to deploy its private network via satellites, citing Bank Rakyat in Indonesia as an example of a bank using satellite technology for digital banking. He added that with $10 million in additional funding, an alpha version of the system could be deployed within 12 months.
“One of the patents has been prosecuted successfully, and it was used to send transaction data from ATM machines of banking institutions back to the bank over a secure cell phone network. This network was never hacked and was licensed to multiple banking institutions.”
“Our technology encodes geometric shapes onto radio waves, creating a near infinite amount of symbols, which makes it much more difficult for hackers to decipher the data compared to traditional binary zeroes and ones.”
“We plan to deploy our private network technology via satellites because it is the most cost-effective way to create a worldwide overlay network for the cryptocurrency community.”
“One of the largest and most profitable banks in Indonesia, Bank Rakyat, deployed the first ever bank-owned satellite for digital banking to secure communications within their banking system, proving that satellites and financial applications can coexist.”
“We raised one million dollars in 2018 to progress further with the technology, and with an additional 10 million dollars, we could deploy an alpha version within 12 months showing secure storage and transmission of cryptocurrency wallets.”
“We built Exportly, a commodity trading application on the blockchain, but found it difficult to get commodity traders involved because they are not very technologically savvy.”
“I purchased the Bankex domain in 2017 to create a mechanism where corporate treasury and high net worth individuals could back commodity trades using the Paxos USD stablecoin.”
“After the cryptocurrency market crashed and the pandemic shutdown happened, I decided to create a much better stablecoin than Paxos, one that is fully decentralized and integrates with Bankex.”
“The long-term sustainable competitive advantage of our ecosystem is the ability to eliminate the use of the internet with new storage and transmission technology using geometric shapes as a unique coding system.”
“I worked with the communication scientist who architected and deployed the first ever satellite mesh network for the US Army to design how our ConnectX and Lockbox satellite system would operate, including multi-level deployment and backup nodes.”
In this video, I walk through my background, experiences and the journey to get to where we are now. I also go over the concepts ...
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