blockchain smartnetworks
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Amsterdam NL, 12 Sep 2016Slides: http://slideshare.net/LaBlogga
Melanie SwanPhilosophy & Economic Theory
New School for Social Research, NY NYmelanie@BlockchainStudies.org
Blockchain SmartnetworksThe Future of Finance and the Automation Economy
Part of a Series on Cryptophilosophycryptophilosophy
12 Sep 2016Blockchain Smartnetworks 2
Melanie Swan, Blockchain Futurist Philosophy and Economic Theory, New School
for Social Research, New York NY Founder, Institute for Blockchain Studies Singularity University Instructor; Institute for Ethics and
Emerging Technology Affiliate Scholar; EDGE Essayist; FQXi Advisor
Traditional Markets BackgroundEconomics and Financial
Theory Leadership
New Economies research group
Source: http://www.melanieswan.com, http://blockchainstudies.org/NSNE.pdf, http://blockchainstudies.org/Metaphilosophy_CFP.pdf
https://www.facebook.com/groups/NewEconomies
12 Sep 2016Blockchain Smartnetworks
Blockchain
3Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
12 Sep 2016Blockchain Smartnetworks
Thesis StatementBlockchain: a Singularity-class technology No other technology has the power to…1. …uplift 2 billion people out of poverty
overnight intermediary-free international remittance
2. …produce a safe and orderly transition to the automation economy humans and machines in collaboration,
friendly artificial intelligence enacted
3. …fundamentally transform the only remaining sectors not yet re-engineered for the Internet era: economics and politics
4Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
12 Sep 2016Blockchain Smartnetworks
Agenda
I. Blockchain technology: What is it? Automation economy
II. Singularity-class applications Farther-future
Friendly AI Bio-cryptoeconomy Nanotech/Synbio Blockchains in Space
Nearer-term Financial services, Energy, Logistics IOT, Health, Economic Development
III. Conclusion: our Singularity futures
5
12 Sep 2016Blockchain Smartnetworks
Blockchain Technology: What is it?
6
Blockchain technology is the secure distributed ledger software that underlies cryptocurrencies like Bitcoin “Internet of Money” leapfrog technology; Skype is an app
allowing phone calls via Internet without POTS; Bitcoin is an app allowing money transfer via Internet without banks; ‘decentralized Paypal’
Internet(decentralized network)
Blockchain
Bitcoin
Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
ApplicationLayer
Protocol Layer
InfrastructureLayer
SMTP
VoIP
Phone calls
OSI Protocol Stack:
12 Sep 2016Blockchain Smartnetworks
Blockchain (not Bitcoin) is the revolution
7
Internet phase transitions
Phase I: transfer information Modernize publishing, books, music,
news, information Phase 2: transfer value (money,
property) Modernize of economics and finance Providing the digital payments layer the
Internet never had Instantiating the qualitative good of
trust in the infrastructure
Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
12 Sep 2016Blockchain Smartnetworks
Smartnetwork visionPushing more complexity through the Internet pipes
8
Information
Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491Sci-fi inspiration: Accelerando, Lady of Mazes, Blindsight, The Golden Age, Glasshouse
Confirmation of Automated Distribution of
Transfer of
Growing classes of activities for smartnetwork execution I: Information; II: Money, finance, economics; energy; supply chain, logistics,
transportation; health; IOT; III: identity, preference, intangible resources
Value Identity Preference
Registration of
20161990 2025e 2050e 2075e
Automated Propagation of
VotingPolicy
OpinionParticipation
GBIEnergyTrust
AutonomyRecognition
Economics Politics
IdeasHealth
Collaboration opportunitiesInstantiation
Upload integrity
Smart-resources
Smart-currencies
2090e
Internet Smartnetwork
12 Sep 2016Blockchain Smartnetworks 9
Currency
Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
Property: Assets
InventorySecurities: stocks, bonds, government issue, futures and
options, FX contracts
Hard assets: cars, houses, global supply chain, medical inventories; Intangible assets: IP
Money, digital payments, remittanceProgrammable smartmoney
Fundamental enabling infrastructure
Economics
Governance& Legal Services
Global-scale projects
Politics
Singularity
All contractual arrangements
Blockchain’s vast reach beyond currency
Financial instruments: mortgage, loans
Million-person genome banks, supply chain management, autonomous driving fleets
Voting, identity, citizenship, civic servicesLegal documents, contracts, wills, agreements
12 Sep 2016Blockchain Smartnetworks
Why is it called blockchain?Blockchain: a chain of transaction blocks Every 10 minutes, the latest
block of submitted transactions is validated (by cryptographic mining) and posted to a single distributed ledger
Each new block of transactions calls the last block, so that the transactions are chained together sequentially, hence the word blockchain
10Source: https://blockexplorer.com
12 Sep 2016Blockchain Smartnetworks
Blockchain crucial for the Singularity-class project: Financial Inclusion Just as the Printing Press and
the Internet flattened access to communicating information...
…blockchains are giving the power of the printing press to banking, credit, and money Access to economic and financial
systems (credit) as a basic human right (4 billion under-banked)
Long-tail economics: any two parties can transact on the network (eBay of money)
11Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
12 Sep 2016Blockchain Smartnetworks
Issue: hierarchy is not scalable
12Sources: What is Decentralization? http://futurememes.blogspot.com/search?q=datt.co, http://blog.midem.com/2016/04/blockchain-broken-music-industry/
Blockchains are a form of trust-making technology A system of checks and balances that is universal and
planetary-scale (Kardashev-level) New tiers of scalability are needed
Million-genome repositories (largest is 3700 currently), connectome databases to reveal brain structure
12 Sep 2016Blockchain Smartnetworks
Smartnetwork theme: design Optimality Optimal mix of centralized and
decentralized models Rethinking Coase’s firm size
Manufacturing reorganization per electricity; industries rethought per decentralized networks Tighter supply chain integration Complexity design principles
Decentralization here to stay Proven decentralized scalability
paradigm: Internet Bitcoin, blockchain, decentralization
13Sources: Coase, RH, The Nature of The Firm, 1937, http://www3.nccu.edu.tw/~jsfeng/CPEC11.pdf
Decentralization
Blockchain
Bitcoin
12 Sep 2016Blockchain Smartnetworks
Smartnetwork intelligence (technical) Network math
Nodes, vertices, graph theory Information theory
Discrete and continuous, syntactic and semantic Physics math
Statistical dynamics, turbulence, >Schrödinger equation Machine-learning/deep-learning
Recurrent neural nets, structural equation modeling, causal graphical models
Complexity math Power laws, fractals, nearest neighbor, fat tails, power laws, high
coefficients, degrees of correlation, fractal behavior
14Source: Blocktime: Blockchain Temporality http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
12 Sep 2016Blockchain Smartnetworks
Smartnetwork intelligence (conceptual) Simultaneously global-local (crypto-synecdoche)
Arbitrarily-many levels of detail drill-up/down (fiat currency: 20) Smoothest part of the curve (optimization)
Where is a function most differentiable, integrable? Probability over causality
Structural equation modeling, causal graphical models Fabrics, topologies, lattices, ecologies over point values
Convexity, randomness, and fragility Markets, weather systems mostly behave normally But long-tail black swans are part of their nature
Systems are evolving and dynamical
15Source: http://futurememes.blogspot.com/2016/09/defining-blockchain-economy-what-is.html
12 Sep 2016Blockchain Smartnetworks
Economic Principles: not just for Economics
16
Economic and Financial Principles
Traditional Deployment Buy/sell transactions Financial markets
Blockchain Deployment Any interaction is a discovery
and exchange process Decentralized models
supplement hierarchy Demurrage: incitatory potential
and resource redistribution across network nodes
Reciprocal mining communities (smarthome IOT, brain BCI)
Blockchain technology is prompting a rethinking of economic principles
and concepts (resources, exchange, tokens, allocation,
pricing, distribution, markets) to apply in non-monetary contexts
12 Sep 2016Blockchain Smartnetworks
Blockchain Economics and FinanceApparatus for constituting the present and the future
17
Bitcoin, Crypto-currencies Smart Contracts
Economics Finance
Spot, Cash Market Futures, Options Market
Present Future
Source: http://www.slideshare.net/lablogga/blockchain-payment-systems, http://www.slideshare.net/lablogga/blockchain-financial-networks, http://www.slideshare.net/lablogga/blockchain-temporality-smart-contract-timespecifiability-with-blocktime
Real-time payments Utility Settlement Coin (USC) (8/24/16)
Temporality Regime
12 Sep 2016Blockchain Smartnetworks
Decentralized Economics and FinanceCurrent mode is one kind of system for organizing access to resources
18
The organizing assumption of economic systems has been scarcity; an orientation to the
production and distribution of scarce material goods. This no longer holds in an era of digital services, non-rival
goods, and complementarity
Mindset Shifts: 1. Scarcity to Abundance
2. Labor to Fulfillment3. Hierarchy to Decentralization
The organizing assumption of financial systems has been the control or at least prediction of the future value of assets and
liabilities; finance = credit (credit is really about trust). Also no
longer holding.
Mindset Shifts: 1. Access instead of Ownership2. Topological Ranges instead
of Point Values3. Assurity instead of
Insufficiency
Sources: http://futurememes.blogspot.com/2016/09/defining-blockchain-economy-what-is.html and New Economies and Finance at the New School: http://blockchainstudies.org/NSNE.pdf
Economics Finance
Present FutureTemporality Regime
12 Sep 2016Blockchain Smartnetworks
Abundance Philosophy of Economics Realization of decentralized economics and finance
19Source: Swan, M. "Automation Economy: An Abundance Philosophy of Economics" In Emerging Technology and Unemployment. Palgrave Macmillan. Forthcoming.
Phase I: transition to Automation Economy Phase II: transition to Actualization Economy
A
B
C
Trust, Autonomy, Recognition
12 Sep 2016Blockchain Smartnetworks
Technological Unemployment Key singularity-class challenge: orderly transition to the
Automation Economy Half (47%) of employment is at risk of automation in the next
two decades – Carl Frey, Oxford, 2015 Why are there still so many jobs in a world that could be
automating more quickly? – David Autor, MIT, 2015
20Source: Swan, M. "Automation Economy: An Abundance Philosophy of Economics" In Emerging Technology and Unemployment. Palgrave Macmillan. Forthcoming.
12 Sep 2016Blockchain Smartnetworks
Agenda
I. Blockchain technology: What is it? Automation economy
II. Singularity-class applications Farther-future
Friendly AI Bio-cryptoeconomy Nanotech/Synbio Blockchains in Space
Nearer-term Financial services, Energy, Logistics IOT, Health, Economic Development
III. Conclusion: our Singularity futures
21
12 Sep 2016Blockchain Smartnetworks
Singularity-class Problems (Kardashev-scale; impact 1 billion people within 10 years)
22
Artificial Intelligence and deep learning Friendly AI and “What is consciousness?” Multi-species intelligence BCI cloudmind collaborations (>1 thinking)
Virtual reality Integrating virtual and physical reality
Nanotechnology and synthetic biology Space settlement Automation economy
Autonomous driving Medical nanorobotics Manufacturing and social robotics
Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340 BCI: brain computer interface
12 Sep 2016Blockchain Smartnetworks
Argument: Blockchain can help all Singularity-class Problems
23Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
Any significant future operation running on digital smartnetworks, needing coordination
Blockchain properties Secure, trackable, automated coordination of
large-scale projects with many items Automated system of checks and balances; all
transactions must confirm via smartnetwork Moves any sort of quantized/unitized packets on
the smartnetwork: energy, cars, synapse firings Fleet management
Autonomous vehicles, IOT sensors, social robotics, synaptic connections, deep-learners, medical nanorobots, planet terraformers, synbio agents, environmental cleanup bots
12 Sep 2016Blockchain Smartnetworks
Blockchain AI AppsEnact Friendly AI (Artificial Intelligence)
24
Digital intelligences running on consensus-managed smartnetworks Not in isolation
Good reputational standing required to conduct operations Transactions to access resources
(like fund-raising), provide services, enter into contracts, retire
Smartnetwork consensus only validates and records bonafide transactions from ‘good’ agents
Sources: http://cointelegraph.com/news/113368/blockchain-ai-5-top-reasons-the-blockchain-will-deliver-friendly-ai, http://ieet.org/index.php/IEET/more/swan20141117
12 Sep 2016Blockchain Smartnetworks
Basic ApplicationDeep-thinkers Registry Register deep learners with
blockchains Tracking Security Remuneration
Examples Autonomous lab robots
On-chain IP discovery tracking Roving agricultural bots Manufacturing bots Intelligent gaming
Go-playing algorithms
25Source: Swan, M. Blockchain Thinking: The Brain as a DAC. Neural Turing Machines: https://arxiv.org/abs/1410.5401.IPFS (Benet): https://medium.com/@ConsenSys/an-introduction-to-ipfs-9bba4860abd0#.bgig18cgp
12 Sep 2016Blockchain Smartnetworks
Advanced ApplicationBCI Cloudminds and Chainbrains Cloudmind: cloud-based thinking
entity, comprised of >1 brains Problem: Safe collaboration of minds
Joining a cloudmind collaboration, blockchains (cryptographic ledgers) to administer cloudminds Line-item tracking and credit-
assignation (like Github, or SVN/CVS for brainstorming)
Privacy, security, remuneration Protect against personal identity loss
and absorption into a groupmind
26Source: http://www.slideshare.net/lablogga/blockchain-cloudminds-humanmachine-pooledmind-dacs; Mind’ is generally denoting an entity with some capacity for processing, not the volitionary action and free will of a consciousness agent
12 Sep 2016Blockchain Smartnetworks
Nanotech Grey Goo and runaway Synbio
27Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
Worry: Grey Goo (unchecked nanotech proliferation), DNA-printed synthetic bio-plague Science fiction examples: Blood
Music, Prey Solution: signing logged to
blockchains As physical-world engineers sign
the bridges they build, likewise synbio engineers sign DNA and nanotech designs
Unavoidable “signing” per detectable origins
12 Sep 2016Blockchain Smartnetworks
Medical nanorobotics as the coming-onboard repair platform for the human body Vision: a nanorobot in every cell
Bio-Nano Repair DACs DAC: Decentralized Autonomous
Corporation (packages of smart contracts) Bio-cryptoeconomic principles
High number of agents and “transactions” Secure automation is obvious requirement Bio-Nano Repair DACs for secure,
trackable automation and coordination of medical nanorobotics for cellular repair
28Sources: Bio-Cryptoeconomy: Nanorobotic DACs for Cell Repair and Enhancement http://futurememes.blogspot.com/2016/08/bio-cryptoeconomy-nanorobotic-dacs-for.html
Bio-cryptoeconomy Medical nanorobotic DACs to coordinate cell repair
12 Sep 2016Blockchain Smartnetworks
Spacechains: Blockchains in Space
29Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
Advances in space Launch: microsats, small rockets, commercial
launch (reusability, rocket design), regular Mars launches planned each 26 months with large-cargo drops, communications networks,
Light sail and optical propulsion Asteroid mining, space settlement, transport Exoplanet discovery in habitable zones (Alpha
Centauri, TRAPPIST-1) Singularity-class blockchain functionality
Secure, trackable, automated coordination of high numericity and dimensionality at scale
Autonomous entities, Bitsat backup network
12 Sep 2016Blockchain Smartnetworks
Blockchains and Singularity-class Problems Argument: smartnetworks thesis that
complex future operations will involve automated coordination via smartnetworks, using some kind of technology like blockchains
Blockchain smartnetwork properties: Asset registry and fleet coordination of
items (registry, ownership and transfer of “quantized” units)
Security Trackability Automation Coordination
30Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
12 Sep 2016Blockchain Smartnetworks
Crypto-Enlightenment
31
“One ought to think autonomously, free of the
dictates of external authority”
- Immanuel Kant
Kant, I. "Answering the Question: What Is Enlightenment?" (German: Beantwortung der Frage: Was ist Aufklärung?). 1784.
12 Sep 2016Blockchain Smartnetworks
Level 1: the new literacy: digital literacy Manage private key access
Back-up your money Manage digital identity, EMR health wallet
Level 2: self-authority taking Designing personalized long-tail economic,
political, and social systems Civic project participations (P2P micropolis),
provide peergrid resources
Digital Cryptocitizen Sensibility
32Source: Swan, M. Crypto Enlightenment: A Social Theory of Blockchains http://www.slideshare.net/lablogga/the-crypto-enlightenment-social-theory-of-blockchains; EMR: electronic medical record; P2P: peer-to-peer
Sense of duty in serving the republic
Civic Duty Civic CollaborationGreek Statesman Cryptocitizen
Sense of meaning in sustaining community
12 Sep 2016Blockchain Smartnetworks
Agenda
I. Blockchain technology: What is it? Automation economy
II. Singularity-class applications Farther-future
Friendly AI Bio-cryptoeconomy Nanotech/Synbio Blockchains in Space
Nearer-term Financial services, Energy, Logistics IOT, Health, Economic Development
III. Conclusion: our Singularity futures
33
12 Sep 2016Blockchain Smartnetworks
Financial Services Distributed ledger
Instant transaction validation Settlement, clearing, audit Simpler, more secure, less
expensive financial services Use case applications
Industry-wide collaboration Securities asset registries Value chain efficiency:
custody, titling, insurance Financial-inclusion
addressable market Digital identity, banking
34Source: https://www.cbinsights.com/blog/financial-services-corporate-blockchain-investments
12 Sep 2016Blockchain Smartnetworks
Energy grid smartnetworks Concept: the power grid of every
continent is an energy Internet “Quantized units” are energy:
kWh/kWm Use case applications
Automatic markets: off-hour and lowest cost demand fulfillment
Smart grid management Energy price and trade validation Resource self-pricing Source fungibility: wind, solar power P2P microgrid infrastructure
35Sources: Rifkin, J. The Zero Marginal Cost Society; https://www.newscientist.com/article/2079334-blockchain-based-microgrid-gives-power-to-consumers-in-new-york/
Cryptosustainability Micropolis Example:Peer-to-peer Microgrids
12 Sep 2016Blockchain Smartnetworks
Supply chain & logistics grid smartnetworks Tamper-proof record-keeping
Register assets and inventory Assure provenance, custody Track quantity and transfer of assets
(pallets, trailers, containers) moving through supply chain nodes
Track purchase orders, change orders, receipts, shipment notifications
Assign and verify custody and product certification
Link physical goods to serial numbers, bar codes, RFID tags
Virtual reality rapid simulation and event-history keeping (>transactions)
36
12 Sep 2016Blockchain Smartnetworks
Autonomous Driving Fleet coordination of “quantized
units” of km/miles and vehicles Autonomous passenger cars
Singapore self-driving taxis - 8/24/16 Uber’s first self-driving fleet arrives in
Pittsburgh – Aug 2016 Commercial trucking
“Autonomous Driving Long-Distance Trucks within Ten Years” - 2014
37Source: https://www.theguardian.com/technology/2016/aug/25/hail-progress-singapore-launches-worlds-first-self-driving-taxi-service, http://truckyeah.jalopnik.com/autonomous-driving-long-distance-trucks-will-be-a-reali-1603746933http://www.bloomberg.com/news/features/2016-08-18/uber-s-first-self-driving-fleet-arrives-in-pittsburgh-this-month-is06r7on
12 Sep 2016Blockchain Smartnetworks
Blockchain IOT
38Sources: http://www.zdnet.com/article/internet-of-things-market-to-hit-7-1-trillion-by-2020-idc/, http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
Blockchain-based IOT connected objects M2M/IOT Bitcoin payment network to
enable the machine economy IOT 2020: 26 bn devices in a $7 tn market
The economic layer the web never had Smarthome IOT networks
Self-mining ecologies Privacy orchestration: devices, robotics, digital
personal health assistants Blockchains: economic principle-driven
large-scale resource allocation and coordination mechanism Smartcity Connected
Car Coordination
Smarthome IOT and Personal Robotics
Coordination
12 Sep 2016Blockchain Smartnetworks
Blockchain Social Robotics Personal voice assistants, social
robotics Implication: voice interfaces, all apps
become voice-activated and interactive; “My Dad, the App”
Requirements: security, financial transactability, liability tracking
Cross-cloud interconnection (IOT smarthome, connected car, smartcity)
Fleet coordination functionality Automated, secure, tracking/logging,
remuneration, transaction coordination, apps/processes (smart contracts), coordination (updates), audit log
39Source: Swan, M. Philosophy of Social Robotics: Abundance Economics. Sociorobotics, 2016. http://www.melanieswan.com/documents/SocialRobotics.pdf.
12 Sep 2016Blockchain Smartnetworks
1. EMRs (electronic medical records) Personal health record access and administration Users key-permission doctors into records
2. Health insurance billing chains Blockchain-based health insurance claims processing:
automated proof of identity and insurance; claims payment Enable ahead of time service price-quoting
3. Digital health wallet Private key identity + EMR (medications) + health insurance info
+ payment data + basic income health plan administration Doctor vendor RFP services; preventive longevity treatments
4. Health Data Research Commons Biobanks, QS (DNA.bits), genome and connectome files
40Source: http://futurememes.blogspot.fr/2014/09/blockchain-health-remunerative-health.html
Blockchain Health
12 Sep 2016Blockchain Smartnetworks
Bitcoin MOOCsLong-tail of learning
Blockchain-based “Kiva for literacy” Long-tail peer-to-peer learning contracts Literacy beyond reading
Technical, agricultural, vocational literacy Blockchain-based personal development
contracts QS-biometric utility function imputation and tracking Maslow chains, subjectivation and actualization chains
Development Economics 2.0: CoinDrops Literacy contracts, remittances, blockchain-tracked
aid, microcredit, decentralized credit bureaus Open-source FICO scores Peer-vouched reputation
41
12 Sep 2016Blockchain Smartnetworks
Politics: Legal services and Governance
42
High impact, low current activity Local government RFPs for title registries
Legal services: IP, contract registry, attestation Register contracts, agreements, wills, IP
Functionality: hash + timestamp + blockchain record
Voting: electronic ballot, identity confirmation Futarchy, delegative democracy, random sample
elections Opt-in personalized governance services
Composting vs education; digital identity system, voting, dispute resolution, basic income distribution, public document registry
Blockchain weddings (Bitcoin, Ethereum)
Sources: http://merkle.com/papers/DAOdemocracyDraft.pdf, http://www.proofofexistence.com/, https://bitnation.co/ , World’s First Blockchain Marriage: David Mondrus and Joyce Bayo, 10/5/14, ConsenSys wedding : Kim Jackson and Zach LeBeau, 11/2/15
12 Sep 2016Blockchain Smartnetworks
Agenda
I. Blockchain technology: What is it? Automation economy
II. Singularity-class applications Farther-future
Friendly AI Bio-cryptoeconomy Nanotech/Synbio Blockchains in Space
Nearer-term Financial services, Energy, Logistics IOT, Health, Economic Development
III. Conclusion: our Singularity futures
43
12 Sep 2016Blockchain Smartnetworks
Blockchain downside and risks?ISSUE
44
Satoshi Roundtable #3: Scaling Bitcoin Milan Oct 8-9, 2016
Hacking ScandalsMt Gox, Ethereum DAO, Bitfinex
Silk Road, drug dealers, terrorists, criminals
Scalability, evolution Block size, sidechains
Mining Centralization
RESPONSE
Centralization temporary; wide-spread at higher-scale; move to 16 nm, solar/hydro-powered chips
Building resilient system constantly under open attack 24/7 (remember early Internet DNS attacks)
Blockchains are a universal technology available to all; non-criminal activity predominates
Early Internet: “this will never scale, insecure, not resilient;” Yahoo, AltaVista down for days due to DNS attacksSource: http://www.coindesk.com/bitcoin-scaling-conference-italy
Technology Risk
Perception Risk
Regulatory Risk, Economic Risk
National government regulation, bans
Governments modernizing economic infrastructure with blockchains too; licensing, open dialogue
12 Sep 2016Blockchain Smartnetworks
Blockchain StrategiesLeadership Edge Blockchain is not a separate industry as
much as a new underlying technology with applications in every industry New kind of more sophisticated Internet
technology for transferring value Multiple blockchains by industry with different
classes of encryption and mining paradigms Money and financial assets Energy, health, IOT, transportation fleets
Developing a blockchain strategy Learn, including via industry user groups Engage with consulting firms Prototype, test, launch applications
45Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
12 Sep 2016Blockchain Smartnetworks
Blockchain StrategiesLeading with New Applications Re-invent value chain, identify…
Digital value transfer opportunities Network intermediaries and coupling points Automation possibilities and new markets
Example: banks targeting larger customer base through blockchain-based eWallet solutions
1. Revenue-generating, customer-facing Offer blockchain-based services to clients Lead industry-wide blockchain initiatives: “Better EDI,”
single-ledger, supply chain inventory management Digital billing customer interface, tokenized interaction
2. Internal cost-savings, efficiency-improvement Quality assurance, test, audit, compliance, sales RFQ Finance, treasury, accounting, expense management
46Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
12 Sep 2016Blockchain Smartnetworks
Conclusion
47
Beyond digitalizing money, payments, economics, and finance, and governance,
blockchains are a singularity-class technology that enables the secure, trackable, automated
coordination of planetary-scale projects The implications could be an orderly transition
to the automation economy and trust-rich human-machine collaboration in the digital
smartnetwork societies of the future
12 Sep 2016Blockchain Smartnetworks
Thesis StatementBlockchain: a Singularity-class technology No other technology has the power to…1. …uplift 2 billion people out of poverty
overnight intermediary-free international remittances
2. …produce a safe and orderly transition to the automation economy humans and machines in collaboration,
friendly artificial intelligence enacted
3. …fundamentally transform the only remaining sectors not yet re-engineered for the Internet era: economics and politics
48Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
12 Sep 2016Blockchain Smartnetworks
Decentralized Economics and Finance
Blockchain academic collaboration New Economies and Finance at the New School
Mission statement: http://blockchainstudies.org/NSNE.pdf Join: https://www.facebook.com/groups/NewEconomies
CFPs: books, special journal issues, conferences Decentralized Blockchain Economics and Finance
http://futurememes.blogspot.com/2016/09/defining-blockchain-economy-what-is.html
“Blockchain Philosophy” 4,000 words, Wiley and Sons, Metaphilosophy
http://blockchainstudies.org/Metaphilosophy_CFP.pdf Events: NY and CA
Rethink/ECONOMICS, Thursday, September 15, 7-9 pm http://www.meetup.com/NYC_Ethereum/events/233643675/
49Sources: http://blockchainstudies.org and http://blockchainstudies.org/NSNE.pdf
12 Sep 2016Blockchain Smartnetworks
Spinoza and Crypto-Conatus
50
Conatus: perseverance as our “vital [life] force” in interacting with the environment
we encounter, our “actual essence,” where as individuals, we strive to sustain and increase our power of acting in the
world, to “affect and be affected by”
Source: Spinoza, The Collected Works of Spinoza, vol. 1, 1985, Ethics, IVP18S, IVP35c2
Spinoza, Dutch Philosopher1632-1677
Amsterdam NL, 12 Sep 2016Slides: http://slideshare.net/LaBlogga
Melanie SwanPhilosophy & Economic Theory
New School for Social Research, NY NYmelanie@BlockchainStudies.org
Blockchain SmartnetworksBlockchain 101: the Automation Economy and the Future of Money
Part of a Series on Cryptophilosophycryptophilosophy
Thank You! Questions?
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