Blockchain: how it will transform our economy, society and the internet itself

Introduction text by Sharon Ede:

Michel Bauwens, Mark Pesce and Ellie Rennie at the Blockchain event held in Adelaide, 21 October.

Mark provided a ‘plain English’ explanation of Blockchain and its possible applications, showing the audience how it works and why it’s a revolutionary method of ensuring trust.

Michel took the audience on a journey from ancient Sumeria to Wall Street as he examined the history and workings of trust and commerce, discussing both the opportunities and challenges of Blockchain in sharing and market economies.

Ellie then expanded on the theme of opportunities and challenges, reminding the audience how quickly technologies can become ubiquitous and the need to ask ourselves how the ‘rules’ need to change in response.

1 Comment Blockchain: how it will transform our economy, society and the internet itself

  1. AvatarDouglas Jack

    Thank you for bringing these voices together on how Blockchain & internet technologies are co-evolving. Michel Baumens, Mark Pesce & Ellie Rennie help to put this all into the context of both individual & the culture of social life. I love Michel’s important analysis,but disagree on his colonial view of a primitive human past. Colonialism in order to establish hierarchal command & control societies had to denigrate ‘indigenous’ (Latin ‘self-generating’) societies being invaded in order to delegitimacize their laws & customs. Yes whenever colonial ‘exogenous’ (L ‘other-generated’) invasion by ecological-economic refugees from war-torn Europe etc. drove 1st Nations from their permanent homes, destroyed their libraries, records, accounting & rewrote history, only then did a false history record people living insecurely off of marginal mountainous lands. Ethnohistory/anthropology by 1st Nations is the only reliable source now confirmed by ethno-archaeology. All humanity is originally indigenous (not ‘tribal’ a colonial Roman administration region & practice’)
    You will thus be surprised that the properly integrated mixture of capitalism & socialism is a cultural part of indigenous peoples worldwide. All humanity worldwide once used the time-based accounting progressive ownership across one’s lifetime, male & female employing the string-shell within Production-Society/Guilds. Economic Democracy within Multihome-Dwelling-Complexes & PS/G was primary with political (interdisciplinary) democracy as a subset. Indigene Community compiles indigenous interdisciplinary ‘fractal’ ‘economy’ (Greek ‘oikos’ = ‘home’ + ‘namein’ = ‘care-&-nurture’).
    While Ethereum is a step in the right direction for open contracts of all sorts, lets not keep on trying to re-invent the same disasters with the same colonial worldview of hidden aggressions, which cause us perpetual & perhaps terminal disorder. Learn about your indigenous heritage (denied in colonial institutions) in 77 interdisciplinary web-sections.

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