5. Is Technology Something to Love or Fear?
<Source:http://iflas.blogspot.kr/2018/04/integral-technology-in-blockchain.html?m=1>
Technological Optimism
Technological Pessimism
Technological Determinism
Technological Neutralism
Technological
Constructivism
Technology and Society
Influence Each Other
6. What is Integral Technology?
<Source:http://iflas.blogspot.kr/2018/04/integral-technology-in-blockchain.html?m=1>
Technologies need to be more
internally and externally coherent.
Internal coherence describes how
their design does not undermine
the intention for their creation.
External coherence describes
how their design does not
undermine the social and political
system that they depend upon
and which holds technologies.
Stakeholder Accountability
Intended Safety
Optimal Availability
Avoiding Externalities
Meaningful Purpose
Managing Externalities
7. The Need of ‘Blockchain for Good’
<Source:https://www.weforum.org/agenda/2018/04/blockchain-survive-backlash-social-purpose-jem-bendall>
Is it appropriate for people apparently seeking economic justice and equal
opportunity to use a blockchain in which only heavily invested actors
receive new tokens?
Is it appropriate for those seeking to put a new medium of exchange in
the hands of the masses to use a blockchain whose tokens are mostly
hoarded by speculators?
Is it appropriate for a carbon emissions reduction project to use a
blockchain which emits as much CO2 as a small country?
Most blockchain projects bolt a purpose onto code and governance
systems that were designed without public interests in mind.
8. What is Integral Blockchain?
‘Integral Blockchain’ initiatives aligns its codebase and internal governance
with positive social and environmental outcomes.
These projects strive to be an integral part of a healthy society,
rather than ends-in-themselves.
<Source:https://www.weforum.org/agenda/2018/04/blockchain-survive-backlash-social-purpose-jem-bendall>
Holochain Local Pay
Meaningful Services to Humanity
9. The Battle Over the Institutional Ecology
To what extent will resources necessary for information production and
exchange be governed as a commons,
free for all to use and biased in their availability in favor of none?
Substantial Redistribution of Power and Money
Property, together with contract, is the core institutional component of
markets, and a core institutional element of liberal societies.
Commons are another core institutional component of freedom of action
in free societies, but they are structured to enable action that is not based
on exclusive control over the resources necessary for action.
<Source:YochaiBenkler,‘TheWealthofNetworks’,2006>
10. Commons-based Peer Production
A new modality of organizing production
based on sharing resources and outputs among widely distributed,
loosely connected individuals who cooperate with each other
without relying on either market signals or managerial commands
Decentralized Collaborative Nonproprietary
Depending on individual action that is self-selected and decentralized,
rather than hierarchically assigned
<Source:YochaiBenkler,‘TheWealthofNetworks’,2006>
11. 4 Types of Commons
Open Commons
Limited-access Common Resources
Open Access
Regulated Commons
<Source:YochaiBenkler,‘TheWealthofNetworks’,2006>
12. Currencies of the Commons
<Source:CharlesEisenstein.‘SacredEconomics’,2011>
Decentralized Self-Organizing Emergent
Peer-to-Peer Ecologically Integrated
13. Value Systems of Commons
Functional Value
Ideological Values
Social Value
Technical Value (Utility)
Objectively Quantifiable
Emotional Value (Social Capital)
only be Qualitatively and Subjectively Assessed
Abstract Value (Freedom, Autonomy, Cooperation etc.)
Transcendental Character (Ethical or Moral Principles)
<Source:PremaveraDeFilippi,‘TranslatingCommons-BasedPeerProductionValuesintoMetrics’,2015>
15. From Coin to Commons
Initial Coin Offering
Initial Commons Offering
16. Protocol Cooperativism
BEYOND PLATFORMS : PROTOCOLS
* Protocol : Language, Convention, Standard
<Source:https://platform.coop/stories/protocol-cooperativism>
Platform company model is not one that takes full advantage of the
potential to have a truly distributed network.
They still have a central platform operator at their core, providing
coordination, quality assurance and, most essentially, trust.
However, it is possible to go beyond platforms to protocols – to commonly
agreed ways of operating.
“Blockchain based Protocol”
20. ICO Funding Size & Number
<Source:https://www.coindesk.com/ico-tracker>
343 202$6.33B$5.48B
1Q1Q
21. What is Token?
<Source:MelanieSwan,‘BlockchainEconomics’,2018>
Token : A complicated and feature-rich form of money, and a tool for
enabling participants
- Programmable functions built into tokens : access, voting, action-taking,
fundraising, dividends, notification, participation, liquidity.
(tradability, exchangeability)
Tokenization : Process of turning an asset, right, or digital good
into an interchangeable unit to power an ecosystem
Participation Voting Choosing
Resource
Access
22. Tokens-Regulations (Swiss FINMA Guideline)
<Source:https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung>
Payment
Tokens
Utility
Tokens
Asset
Tokens
are synonymous with cryptocurrencies and have no further
functions or links to other development projects. Tokens may in some
cases only develop the necessary functionality and become accepted
as a means of payment over a period of time.
are tokens which are intended to provide digital access to an
application or service.
represent assets such as participations in real physical underlyings,
companies, or earnings streams, or an entitlement to dividends
or interest payments. In terms of their economic function, the
tokens are analogous to equities, bonds or derivatives.
26. Design of Tokenized Ecosystem
<Source:https://blog.oceanprotocol.com/towards-a-practice-of-token-engineering-b02feeeff7ca>
Game
Theory
Mechanism
Design
Analyzing incentives
from an economic standpoint
Synthesizing
incentivized systems
Token Engineering for Social Commons
27. Token Economy Design Rule for ICO
<Source:https://blog.icofunding.com/tokens-and-tokenomics-the-magic-of-icos-a7a886ca323c>
The
Discount
Exclusive
Membership
Network
Effect
Disintermediation
Data
Monetization
Payment
System
Token
Supply and Demand
Provides a significant advantage to users of the tokens
Incentivises users to be early adopters of the token
Incentivises players to bring new users to the ecosystem
Is appealing to token buyers at the ICO in their “speculative” role, as something
that will appreciate if the project gets traction
29. Governance Shift (From Rule of Law to Rule of Code)
Bureaucratic
Governance
rule of office
Panotic
Governance
rule of gaze
Algocratic
Governance
rule of code
Bureaucratic Paper-based System Technologically driven Code-based System
(for Anti Monopoly, Decentralized Authority)
<Source:A.Aneesh,‘TechnologicallyCodedAuthority:ThePost-IndustrialDeclineinBureaucraticHierarchies’,2002>
30. Code as Law
“LEX Cryptographica”
‘Autonomous’ Code-based Rules
“By relying on blockchain technology,
governments could regulate society more efficiently
by reducing the costs of regulatory compliance and law enforcement, automating laws,
while simultaneously reducing the degree of uncertainty
that is inherent in the legal prose.”
- Primavera De Filippi, <Blockchain and the Law>
31. Cases of Algorithmic Governance
Decentralized Autonomous Organization
Smart Term Sheet, Due Diligence 2.0
(Hogan Lovells)
32. Crypto-Catallaxy
Spontaneous Order Mutual Adjustment
Spontaneous Organization
‘Game of Catallaxy’
(F. A. Hayek)
Commons-based
Cryptocurrency
Algocratic
Governance
Social Decentralism