My session on the Social Impact of Blockchain Technology in the Hackathon organised by Kerala StartUp Mission, Maker Village, Centre for Public Policy Research and US Consulate. This presentation narrates the emergence of Blockchain Technology as a bridge between Finance Capital and Social Capital. Blockchain Technology accelerates the percolation of Finance Capital and circulation of Social Capital into the Digital Economy Channels.
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Blockchain for Workforce Integration - Social Capital Perspective
1. A Blockchain Technology Initiative to Simplify Migrant Worker Livelihood
WorkWise Platform Knowledge Collective of
Digital Conscious Workforce
2. Hackathon Challenges
❖ Workplace and Labor Relations
❖ Social Entitlements and Statutory
Compliances
❖ Social Identity and Culture assimilation
❖ Displacement and family issues
3. Migrant Labor Landscape in Kerala
❖ 2.5 million internal migrants in Kerala
❖ Every year the migrant labor population in Kerala
increases by 2,35,000 people
❖ Kerala is likely to have 3.5 to 4 million inter-state migrant
workers in 2017
❖ Kerala offers the highest wages not only in India but also
among the SAARC countries for unorganised sector
❖ Interestingly, Kerala has the highest unemployment rate
in India. 5 million people are estimated to be unemployed
in the state.
❖ Kerala is the first state in India to enact a social security
scheme for migrant workers. In 2016, a new insurance
scheme called Awas was launched to provide social
security for migrant workers.
4. Analytical Insights from a Global Perspective
Emerging Trends in
Migrant Labor
Landscape
Increased Complexity
Fragmenting Humanity
Constrained Flexibility
Increased demand for accuracy
11. Blockchain is the Technology for
Connecting Finance Capital and Social
Capital
12. Blockchain can accelerate the circulation of
finance capital into the social capital in a secure
and scalable manner
13. Migrant Workers are part of unorganised
sector and not integrated to finance capital
and social capital
14. Blockchain can help us to connect
Migrant Workers into the Social Capital
Ecosystem
15. Connecting Migrant Workers to Social Capital through Blockchain
Technology
❖ Design a Value Map of economic
processes related to Migrant Labor
❖ Develop a Stakeholder Consortium of
Migrant Worker Value Map
❖ Identify the social relationships around
migrant labor ecosystem
❖ Identify the modes of production,
distribution and consumption around
migrant labor ecosystem
17. A Critique of Chaotic Economy
Emergence of Digitally
Conscious Workforce
It is aware of value maps and value chains
It is autonomous and autodidactic
It is interwoven and interpolative
It is self similar and self organised
It is semiotic and epistemological
It is coherent , convergent and conjugal
18. Wisdom of the Workforce
WorkWise Features
Economy Maps
App Economy
Smart Contracts
Service Aggregators
Workflow Infrastructure
Autonomous Organisations
19. Wisdom of the Workforce
WorkWise Goals
• Increase the efficiency of current processes
• While remaining compliant with regulation
• Enhancing transparency for authorities and workers
20. Ontologically Oriented Open Organisations
WorkWise Solutions
• Labor Livelihood through DApps
• Labor Transactions through Smart Contracts
• Labor Relations through DAOs
• Labor Payment Networks through DApps
• Labor Exchanges through Contract to DAOs
• Labor Governance through DAO to DAO
• Labor Valuations through DApp to Contracts
• Labor Emancipation through DAO to Contracts
22. WorkWise has a global perspective and
local aim
❖ Labors are forced into mining blood diamonds in
Democratic Republic of Congo
❖ Living in manholes and manual scavenging in
India
❖ Toiling in garment sweat shops in Bangladesh
❖ Trapped in child labor in El Salvador
23. WorkWise Highlights
❖ We enable the chronological and accurate
processing of a temporary work
arrangement on a blockchain
❖ Smart Contract between contractor and
labor cannot be deployed until the
regulatory prerequisites are fulfilled.
❖ The contract itself enforces payment
transactions depending on the number of
contributed working hours.
24. WorkWise Principles
❖ Each purpose is defined in a contract and the entire
economy of contracts is structured in a unified
ontology.
❖ Decisions influenced by labor epistemology helps
us to secure the network without an untrusted third
party.
❖ An ensemble of contracts, organised in a unified
ontology, functions as a super recursive algorithm,
with individual event acting as the epoch.
❖ State of labor value becomes a memory of a
scalable and trustable mode of production
❖ State of labor transaction becomes a manifest of a
circular mode of consumption
25. WorkWise Architecture
• We propose a high level network architecture for an
economic system that integrates labor livelihood, labor
transactions and labor relations.
• In this prototype, we model an employment relationship
as a state system in which states describe the current
phase of the relationship.
• We introduce a method of issuing and redeeming a labor
contract that connects labor to relevant DAOs and DApps
based on the life of labor through various relations
• This labor contract will be issued by Contractor and
Governmental Agencies together and backed for value by
the labor who realises its value over each period of
employment
26. Workplace and Labor Relations
❖ Possible Solutions
❖ Workplace Audit
❖ Workplace Transparency
❖ Workplace Analytics
❖ Labor Reviews on Workplace
❖ Labor Collaboration
27. Social Entitlements and Statutory
Compliance
❖ Possible Solutions
❖ Polymorphic Contracts
❖ Polynomial Identities
❖ Governmental DAOs
❖ Non-Governmental DAOs
28. Social Identities and Culture
Assimilation
❖ Inverted Hierarchies of Culture
❖ Hybrid of Top - Down and Bottom - Up
❖ dApps for Folksonomies
❖ Semiotic Contracts
❖ DAOs for Archetypes
❖ Tribal DAOs
❖ Lineage DAOs
29. Displacement and Family Issues
❖ Possible Solutions
❖ Micro Social Networks on DAOs
❖ Micro Cultural Contracts
❖ Micro Self Experience dApps
30. Web of Workforce Wisdom
WorkWise Roadmap
Leveraging Polymorphic Contracts combined with multi
agent systems and Internet of Things devices , in order to
deliver self aware contracts with a high degree of
automation for peer to peer collaborations
Smart Contract between agency, manufacturer,
government and labor will ensure that the agency needs a
government permission and manufacturer needs to pay
the agency