Ayesha Khanna: The Economist Explains Blockchain Systems of Trust Building

03 Economy, Advanced Cyber/IO
Ayesha Khanna
Ayesha Khanna

The trust machine

The technology behind bitcoin could transform how the economy works

To understand the power of blockchain systems, and the things they can do, it is important to distinguish between three things that are commonly muddled up, namely the bitcoin currency, the specific blockchain that underpins it and the idea of blockchains in general.

Phi Beta Iota: Everyone is still focusing on empowering human networks, or kum ba ya on steriods. They are not focusing on the need for information-sharing and sense-making tools including a geospatial foundation for relating all data in time and space, and they are not focusing on the combination of holistic analytics and true cost economics.

Another take on blockchains:

David Bollier: The Blockchain: A Promising New Infrastructure for Online Commons

See Also:

The Future: Recent “Core” Work by Robert Steele