Blockchain Smartnetworks

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Blockchain: a Singularity-class technology - No other technology has the power to
pull 2 billion people out of poverty overnight (with intermediary-free international remittances), produce a safe and orderly transition to the automation economy (with humans and machines in collaboration, and enacting friendly artificial intelligence), and fundamentally transform the only remaining sectors not yet re-engineered for the Internet era: economics and politics. There are growing classes of activities for smartnetwork execution, moving up the stack, pushing different qualitative states through the Internet pipes, building future smartnetworks. The smartnetworks thesis is that complex future operations will involve automated fleet coordination of “quantized” items via smartnetworks, using some kind of technology like blockchains with algorithmically-derived trust.

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Blockchain Smartnetworks

  1. 1. Amsterdam NL, 12 Sep 2016 Slides: http://slideshare.net/LaBlogga Melanie Swan Philosophy & Economic Theory New School for Social Research, NY NY melanie@BlockchainStudies.org Blockchain Smartnetworks The Future of Finance and the Automation Economy Part of a Series on Cryptophilosophy cryptophilosophy
  2. 2. 12 Sep 2016 Blockchain Smartnetworks 1 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 Background Economics 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
  3. 3. 12 Sep 2016 Blockchain Smartnetworks Blockchain 2 Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  4. 4. 12 Sep 2016 Blockchain Smartnetworks Thesis Statement Blockchain: 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 3 Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
  5. 5. 12 Sep 2016 Blockchain 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 4
  6. 6. 12 Sep 2016 Blockchain Smartnetworks Blockchain Technology: What is it? 5  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 Application Layer Protocol Layer Infrastructure Layer SMTP Email VoIP Phone calls OSI Protocol Stack:
  7. 7. 12 Sep 2016 Blockchain Smartnetworks Blockchain (not Bitcoin) is the revolution 6  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
  8. 8. 12 Sep 2016 Blockchain Smartnetworks Smartnetwork vision Pushing more complexity through the Internet pipes 7 Information Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491 Sci-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 Voting Policy Opinion Participation GBI Energy Trust Autonomy Recognition Economics Politics Ideas Health Collaboration opportunities Instantiation Upload integrity Smart- resources Smart- currencies 2090e Internet Smartnetwork
  9. 9. 12 Sep 2016 Blockchain Smartnetworks 8 Currency Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491 Property: Assets Inventory Securities: stocks, bonds, government issue, futures and options, FX contracts Hard assets: cars, houses, global supply chain, medical inventories; Intangible assets: IP Money, digital payments, remittance Programmable 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 services Legal documents, contracts, wills, agreements
  10. 10. 12 Sep 2016 Blockchain 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 9 Source: https://blockexplorer.com
  11. 11. 12 Sep 2016 Blockchain 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) 10 Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  12. 12. 12 Sep 2016 Blockchain Smartnetworks Issue: hierarchy is not scalable 11 Sources: 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
  13. 13. 12 Sep 2016 Blockchain 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 12 Sources: Coase, RH, The Nature of The Firm, 1937, http://www3.nccu.edu.tw/~jsfeng/CPEC11.pdf Decentralization Blockchain Bitcoin
  14. 14. 12 Sep 2016 Blockchain 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 13 Source: Blocktime: Blockchain Temporality http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  15. 15. 12 Sep 2016 Blockchain 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 14 Source: http://futurememes.blogspot.com/2016/09/defining-blockchain-economy-what-is.html
  16. 16. 12 Sep 2016 Blockchain Smartnetworks Economic Principles: not just for Economics 15 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
  17. 17. 12 Sep 2016 Blockchain Smartnetworks Blockchain Economics and Finance Apparatus for constituting the present and the future 16 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
  18. 18. 12 Sep 2016 Blockchain Smartnetworks Decentralized Economics and Finance Current mode is one kind of system for organizing access to resources 17 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 Fulfillment 3. 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 Ownership 2. Topological Ranges instead of Point Values 3. 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
  19. 19. 12 Sep 2016 Blockchain Smartnetworks Abundance Philosophy of Economics Realization of decentralized economics and finance 18 Source: 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
  20. 20. 12 Sep 2016 Blockchain 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 19 Source: Swan, M. "Automation Economy: An Abundance Philosophy of Economics" In Emerging Technology and Unemployment. Palgrave Macmillan. Forthcoming.
  21. 21. 12 Sep 2016 Blockchain 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 20
  22. 22. 12 Sep 2016 Blockchain Smartnetworks Singularity-class Problems (Kardashev-scale; impact 1 billion people within 10 years) 21  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
  23. 23. 12 Sep 2016 Blockchain Smartnetworks Argument: Blockchain can help all Singularity-class Problems 22 Source: 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
  24. 24. 12 Sep 2016 Blockchain Smartnetworks Blockchain AI Apps Enact Friendly AI (Artificial Intelligence) 23  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
  25. 25. 12 Sep 2016 Blockchain Smartnetworks Basic Application Deep-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 24 Source: 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
  26. 26. 12 Sep 2016 Blockchain Smartnetworks Advanced Application BCI 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 25 Source: 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
  27. 27. 12 Sep 2016 Blockchain Smartnetworks Nanotech Grey Goo and runaway Synbio 26 Source: 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
  28. 28. 12 Sep 2016 Blockchain 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 27 Sources: 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
  29. 29. 12 Sep 2016 Blockchain Smartnetworks Spacechains: Blockchains in Space 28 Source: 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
  30. 30. 12 Sep 2016 Blockchain 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 29 Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
  31. 31. 12 Sep 2016 Blockchain Smartnetworks Crypto-Enlightenment 30 “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.
  32. 32. 12 Sep 2016 Blockchain 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 31 Source: 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 Collaboration Greek Statesman Cryptocitizen Sense of meaning in sustaining community
  33. 33. 12 Sep 2016 Blockchain 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 32
  34. 34. 12 Sep 2016 Blockchain 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 33 Source: https://www.cbinsights.com/blog/financial-services-corporate-blockchain-investments
  35. 35. 12 Sep 2016 Blockchain 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 34 Sources: 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
  36. 36. 12 Sep 2016 Blockchain 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) 35
  37. 37. 12 Sep 2016 Blockchain 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 36 Source: 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-1603746933 http://www.bloomberg.com/news/features/2016-08-18/uber-s-first-self-driving-fleet-arrives-in-pittsburgh-this-month-is06r7on
  38. 38. 12 Sep 2016 Blockchain Smartnetworks Blockchain IOT 37 Sources: 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
  39. 39. 12 Sep 2016 Blockchain 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 38 Source: Swan, M. Philosophy of Social Robotics: Abundance Economics. Sociorobotics, 2016. http://www.melanieswan.com/documents/SocialRobotics.pdf.
  40. 40. 12 Sep 2016 Blockchain 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 39 Source: http://futurememes.blogspot.fr/2014/09/blockchain-health-remunerative-health.html Blockchain Health
  41. 41. 12 Sep 2016 Blockchain Smartnetworks Bitcoin MOOCs Long-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 40
  42. 42. 12 Sep 2016 Blockchain Smartnetworks Politics: Legal services and Governance 41  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
  43. 43. 12 Sep 2016 Blockchain 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 42
  44. 44. 12 Sep 2016 Blockchain Smartnetworks Blockchain downside and risks? ISSUE 43 Satoshi Roundtable #3: Scaling Bitcoin Milan Oct 8-9, 2016 Hacking Scandals Mt 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 attacks Source: 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
  45. 45. 12 Sep 2016 Blockchain Smartnetworks Blockchain Strategies Leadership 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 44 Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  46. 46. 12 Sep 2016 Blockchain Smartnetworks Blockchain Strategies Leading 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 45 Source: http://www.amazon.com/Bitcoin-Blueprint-New-World-Currency/dp/1491920491
  47. 47. 12 Sep 2016 Blockchain Smartnetworks Conclusion 46 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
  48. 48. 12 Sep 2016 Blockchain Smartnetworks Thesis Statement Blockchain: 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 47 Source: Blockchain Singularities :http://www.slideshare.net/lablogga/blockchain-singularities-65443340
  49. 49. 12 Sep 2016 Blockchain 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/ 48 Sources: http://blockchainstudies.org and http://blockchainstudies.org/NSNE.pdf
  50. 50. 12 Sep 2016 Blockchain Smartnetworks Spinoza and Crypto-Conatus 49 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 Philosopher 1632-1677
  51. 51. Amsterdam NL, 12 Sep 2016 Slides: http://slideshare.net/LaBlogga Melanie Swan Philosophy & Economic Theory New School for Social Research, NY NY melanie@BlockchainStudies.org Blockchain Smartnetworks Blockchain 101: the Automation Economy and the Future of Money Part of a Series on Cryptophilosophy cryptophilosophy Thank You! Questions?

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