Blockchain Revolution


THE SEVEN DESIGN PRINCIPLES



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Blockchain Revolution

THE SEVEN DESIGN PRINCIPLES
We believe that this next era could be inspired by Satoshi Nakamoto’s vision,
designed around a set of implicit principles, and realized by the collaborative spirit of
many passionate and equally talented leaders in the community.
His grand vision was limited to money, not to some greater goal of creating a
second generation of the Internet. There was no discussion of reinventing the firm,
changing our institutions, or transforming civilization for the better. Still, Satoshi’s
vision was stunning in its simplicity, originality, and insight into humankind. It
became clear to those who read the 2008 paper that a new era of the digital economy


was about to begin. Where the first era of the digital economy was sparked by a
convergence of computing and communications technologies, this second era would
be powered by a clever combination of computer engineering, mathematics,
cryptography, and behavioral economics.
Folksinger Gordon Lightfoot crooned, “If you could read my mind, love, what a
tale my thoughts could tell.” Satoshi has been incommunicado since 2011 (though the
name pops up on discussion boards from time to time), but we think the trust protocol
he bootstrapped lends itself to principles for reconfiguring our institutions and
economy.
Everyone we talked to has been eager to share insights into blockchain technology
with us. Each conversation, each white paper, each forum thread has surfaced a
number of themes that we’ve reverse-engineered into design principles—principles
for creating software, services, business models, markets, organizations, and even
governments on the blockchain. Satoshi never wrote about these principles, but they
are implicit in the technology platform he unleashed. We see them as principles for
shaping the next era of the digital economy, and an era of renewed trust.
If you’re new to this space, we hope these principles will help you understand the
basics of the blockchain revolution. If you’re a die-hard skeptic of the bitcoin
blockchain, they should still serve you as you contemplate your future as an
entrepreneur, inventor, engineer, or artist who seeks creative collaborations with like-
minded people; as an owner or investor in assets of all kinds; or as a manager who
wants to reimagine your role in this nascent blockchain economy.

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