Decentralized Implementation and the True Potential of Distributed Ledger Technology
1.
perfectly aligned with decentralized implementation
As to joint individual or rst ecosystem collaborative action, under self-de ned contexts
then collectively imposed or in uenced choice may prove inferior on every metric when
compared to creative, autonomously demarcated conduct [126]
The true potential of distributed ledger
technology lays in decentralized codes of
conduct [micro-creations] wherein
enforcement is primarily administered by
its self-organizing participants
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TOF® holds direct collaboration as perfectly aligned with decentralized implementation.
Through Biosphere, a collaborative engagement and exchange between members
constitutes a proof of work, through an achieved consensus of action [contract
execution], which may then be subsequently anonymized for secure public accounting
using distributed ledger technologies [The Other Blockchain®]
There exists a formal dichotomy in legal and economic interpretations represented
through ex-ante and ex-post branches. Ex-ante or before the event considers the capital
requirements, investment regulations, bearers of cost within transactions or what may be
summarized as the ‘enforceable information’. Ex-ante rulings can be thought of as leading
to decisive, rule based adjudication [127]
Conversely ex-post deals with the results of a given exchange. Certainly some here
may be open for consideration, re ection and or leading to arbitration. Thinking of
ex-ante as the set objective contractual facts and ex-post as the subjective
interpretation, this dichotomy conceptualizes portions of Biosphere’s structure
Namely in ‘private law’ [RWSC®] TOF® has developed a system whereby any
engagement's (ex-post) exchange-value is only set as jointly determined by
participants yet concurrently enforced through smart (ex-ante) digitally certi ed
decentralized exchange [128]
2. Rather than con icting directions of interpretation, we hold these as forming two
sides of the same [RWSC®] coin. One is the public, rule based set of enforceable
information
The other side is the direct, person-to-person subjective evaluation that truly
enables private collaboration. To hold these as mutually exclusive is to continue the
erroneous con ation in the current use of the term ‘smart contract’ whereby
subjective elements of exchange are
neither omitted from consideration
nor attempted to be de ned using
binary classi cations
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In so far as individually augmented communicational authority permit previously
restricted or indeed enabled unknown direct collaboration potential, Biosphere
facilitation may in some ways be thought of as the realized e ect continuance once
gained following popularization of decentralized mobile phone telecommunication
technology [129]
Today technology imparts a previously unrecognizable level of achievable,
individual agency. Where the mobile phone allowed communication, Biosphere
digitally secures contract execution with anonymized distributed ledger
technologies permitting participant-only proof data and transaction authenticity
recall implementation
As the mobile phone's unique number acts as a form of held identi cation,
conversely implementation of now privately held contractual documentation
permits ad-hoc utilization of centralized structures and institutions absent
persistent or inherent initial oversight