Blockchain Revolution

Blockchain Implications: The World Economic Forum (WEF), a leading
networked institution, has been a vocal proponent of blockchain technology. The
blockchain was front and center at Davos in January 2016. Jesse McWaters, financial
innovation lead at the WEF, believes blockchain technology is a general-purpose
technology, like the Internet, which we can use to make markets radically more
efficient and improve access to financial services. The WEF predicted that within a
decade, we could store 10 percent of global GDP on blockchains.
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As an
organization, the WEF has championed and advanced big issues, such as income
inequality, climate change, and even remittances. Other networked institutions, from
the smallest groups to the biggest foundations in the world, such as the Clinton
Foundation and the Bill and Melinda Gates Foundation, would be wise to champion
this technology to advance such big issues as financial inclusion and health care
delivery. Networked institutions often have a role to play in influencing government
policy making, making them a critical link and strategic partner in overcoming a
number of major showstoppers.
9.
Diasporas
Diasporas are global communities formed by people dispersed from their ancestral
lands and united by culture and identity with their homeland. Thanks to the Internet,
these people and affiliated organizations can collaborate in multistakeholder
networks. One of the functions of many of today’s diasporas is to address and help
solve common global problems.