With the end of the feudal era and slave labor came a few tangible benefits, such as being able to choose one’s boss and working flexible hours. Those times are now thought of with dread, but will we 10 years down the line think of today with the same shudder of terror as we today think of slave labor?
Is it possible that with blockchain the society will change so drastically that there will be no more concept of employer-employee? The tech allows anything from creating smart houses that will fill up on milk when using a drone when it’s running low to creating the world’s first real democracy.
With the decentralized economy, every user would have the right to vote – and to really vote instead of surrendering the initiative to a representative who they have never really met or have any way of verifying the integrity of. Blockchain allows immutable and incorrigible data storage, which implies many, many uses, all of which would be by definition honest.
How different would the world be?
This could be a new era of integrity and trust. 5 years down the line you would do a survey of a 1000 people about mining and none of them would mention hand grenades. The humankind has been developing technology so rapidly in the last few decades, picking up the speed of development exponentially, that a major change in the way society worked was bound to happen any day.
The human AI robot, Sophia (straight out of the movie “Her”) walks the Earth and talks Elon Musk, cryptocurrency, and relationships. Scientists are working on a mechanism that would make people immortal in Japan (it’s about quark synthesis, they say, but people tend to take their word for it). The humankind already knows how to clone people and travel in space. Would it really be that much of a surprise if blockchain enabled people to create a decentralized society with no vertical of authority?
Where is Blockchain most needed?
Living in developed countries where the society is more liberal has tangible benefits. In the UK there is a 600 Euro a month welfare scheme. Norway’s prisons look better than many of the world’s hotels. Citizens are free to choose whether they work or not and according to what kind of contracts. The government is very sensitive to citizens’’ opinions about the existing legislation and eager to implement new amendments should they be necessary.
In other countries, citizens are subject to constant surveillance and can even be graded according to their posts on Facebook (and their friends’ posts), which results in sanctions like restrictions on travel and being able to take out loans. In yet other countries there are brutal governments and resistance movements just waiting for an opportunity to buy weapons anonymously.
As the society moves from the less liberal to the more liberal patterns of behavior and more and more information is available through the Internet, more and more often people find themselves exploring life in other countries and seeing nothing but daunting prospects in their own lives.
In places with more totalitarianism blockchain would be understandably more in demand, because there the citizens don’t get an unlimited freedom of choice: one has to work to pay rent, and given mortgage there is no missing one house payment, which may go on for decades, meaning quitting the job is simply not an option.
Would it be better?
Since most of the world does not live in the UK where there is no problem with just living on welfare for the rest of one’s life, and since people tend to struggle with government’s control, it is possible that the blockchain technology will be eagerly embraced by the overwhelming majority of the population of the Earth – all of its 7.6 000 000 000 people. The rest of the world who are privileged would be understandably very fond of Blockchain for the opportunities it provides of enhancing the already existing opportunities (to make money, you need to have money, but if you have money, Bitcoin is all you need).
As it stands, there is a drastic need for a system that does not involve corrupt politicians, third parties handling transactions, and even human effort to man offices. Since there is no vertical of authority, there would be no need for the universally loathed office cubicles. They can be replaced by rainforests, yoga studios, kindergartens, and animals shelters.
Blockchain with its decentralized structure could completely exclude the need for bosses (the community makes the decisions) and even money. Essentially people used money up until now because they could not find someone they could exchange goods and services with directly. It was a geographical matter. Now, with the invention of the Internet and instant transactions, anyone can find a buyer or a seller instantly and get what they need without having to exchange it for anything else. With a ledger that is completely fair people don’t need representatives, people in charge, or signed bills with watermarks to ensure fairness of a deal.
While potential consequences of blockchain usage may be far more than just eliminating the need for offices and bosses and employees, there is definitely a potential there for creating the first global Bali downshift.
- Voyager: Next Generation No-Fee Exchange From Creators of Uber, E*Trade - Sep 17, 2018
- Michael Jackson Returns To Predict Bitcoin’s Success - Jun 28, 2018
- Billionaire Investor Tim Draper: “Bitcoin Is Bigger Than the Internet” - Jun 13, 2018
- Bitcoin Comes Back to Reddit (And He Brought A Few Friends) - Jun 11, 2018
- Amazon WILL Track Your Crypto - May 23, 2018
Tags:bitcoinBitcoin newsBlockchainBlockchain TechnologyBTCCryptocurrenciesCryptocurrencyInvestmentInvestorsRegulations