Blockchain Revolution

Implications for the Blockchain Economy: As an economic design principle,
enforcing rights must start with clarifying rights. In the field of management science,
the holacracy movement is an interesting, if not controversial, example of how
members of organizations are defining the work that needs to be done and then
assigning rights and the responsibility to do this work as part of a whole.
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Who did
we agree should have this set of decisions and activities at our company? The answer
to that question can be codified in a smart contract and placed on the blockchain so
that the decisions, progress toward the goal, and incentives are all transparent and
reached by consensus.
To be sure, this is not simply about technology. It’s much bigger than physical
assets, intellectual property, or Personal BlackBox’s privacy tool with a publicity
rights module for the Kardashians. We need greater education about rights and the
development of new understandings about rights management systems. We’ll have
voting rights management systems and property rights management systems. Some
start-up will create a rights dashboard that will indicate a person’s level of civic
engagement, where voting is but one of several measures, like donating skills,
reputation, time, and bitcoin or providing free access to one’s physical or intellectual
property. Buckle up.