by Alison McDowell (previously published at Wrench in the Gears)
I realize my Blockchain video presents an abundance of information that may be difficult to absorb all at once. For that reason, I’ve pulled together images from the video and accompanying text into a slideshare that people can review at their own pace.
Access the slideshare here.
Access a PDF of the script here.
I hope the scenario below provides a compelling enough reason why regular folks need to get up to speed on Blockchain, decentralized (digital) identity, tokenized behavior, and smart contracts. You can be sure the Davos crowd is well aware, and we really do have to start catching up if we want to save humanity.
A possible future, perhaps fifteen years from now.
The Fourth Industrial Revolution is well underway.
Wages and conditions for jobs involving physical labor and direct service are forced below subsistence levels.
Debt is omnipresent.
“Smart” devices, facial recognition software, and drone surveillance ensure the public and private spheres are constantly monitored.
People’s lives have become ever more precarious.
The working class has few resources left and cannot serve as a market for goods and services.
There is limited currency in circulation.
Instead, alternative exchanges of value are logged in Blockchain ledgers.
People are increasingly managed as commodities to keep capital circulating.
Economic activity, such as it is, revolves around data.
That data is stored on Blockchain, your permanent record.
Data are used to prove compliance and demonstrate the successful “impact” of poverty management systems.
Public services, like education and healthcare, have been outsourced to private entities funded by speculative investors.
Predictive analytics dominate the lives of all but the most powerful.
Big Brother lives in the cloud.
Each person carries a minder, a smartphone or a chip inserted in the hand.
Finance and technology interests anticipate managing humanity as an extractive industry.
It is a future that hinges on bringing self-sovereign identity and Blockchain to scale.
So, will it scale?
Will people recognize the peril?
And will they refuse to cooperate?
For more information:
Smart Cities: Link
Internet of Things: Link
Smart Contracts: Link
Self Sovereign Identity: Link
Alternative Currencies: Link
Behavioral Economics / Nudge: Link