It's Just Technology
UTILITY TOKENS
A token is a generic quantified unit of value that is registered on a blockchain network.
Today tokens are understood to come in two kinds: utility tokens, and securities tokens.
Security tokens represent fixed assets of some kind, … Read the rest
TOKENIZATION
As we have discussed, economies are first and foremost about value: what humans value and how we strive to achieve the things we value. To have an economic system the first step is to take account of this value … Read the rest
TRIPLE-ENTRY ACCOUNTING
One of the great innovations made possible with the advent of blockchain technology is the development of triple-entry accounting.
Triple-entry accounting is a term for a new method of accounting, that was proposed in the 1980’s. It was … Read the rest
Arwen Smit discusses the importance of private and personal data and the loss of identity via impermanent institutions. She outlines how our identity needs to be individually controlled, as a basis of democracy.
She outlines why we need a new … Read the rest
DISTRIBUTED LEDGER TECHNOLOGIES
When we are talking about economies we are typically referring to the information layer that resides on top of what may be called the real economy: the physical production and exchange of goods.
Accounting is the basics … Read the rest
2017 witnessed the rise of a new model for the funding of technology companies called initial coin offerings (ICO). The amount of money raised in 2017 by startups via ICOs surpassed early-stage venture capital funding for internet companies.
This is … Read the rest
Brian Behlendorf, Executive Director, Hyperledger Project at Linux, speaks with Jill Malandrino, Global Markets Reporter, at the Singapore FinTech Festival, November 12, 2018.
Behlendorf discusses the expansion of blockchain Distributed Ledger Technolgy (DLT), specifically regarding Hyperledger products and services.
He … Read the rest
The blockchain is a new modality for organizing society and economy, as such it is often referred to as an institutional technology.
Professor Jason Potts talks about this as such, “this isn’t a story about how the economy grows because … Read the rest
Blockchain technology builds upon previous changes in how people work together to produce value in advanced economies. With the rise of the platform economy, information technology has already within just a decade or so changed the model for the production … Read the rest
David Chaum describes the ethos of blockchain as about empowering individuals with the keys to control their digital future.
He describes another way which is about totally decentralizing the security and privacy mechanisms that are needed in the digital world … Read the rest