For million of years Human Beings lived in small decentralised network communities of just 30-70 people and everybody knew everybody and it was hard to not to remember or connect with anyone in the community. About 10000 years something massive happened and thats agriculture which united people and made them live together in thousands but, however humans have memory limit called Dunbar’s number law which means Humans cannot remember more than 150 people. So in these large societies it was difficult to remember people and thus this created` anonymity among communities leading to social unifications and centralisations. Though centralisation united large number of people under common social orders this also lead to “Abuse of power” because of obvious reasons. Humans wanted to rule humans, kings wanted to be worshipped by people and so on… so forth. One of the key problems as mentioned earlier with these centralised structures is definitely “Abuse of Power” examples are everywhere from world war to current situations in Iran, Africa where social orders are completely disordered and humans are killed and treated worst than animals. What if, these social orders were completely restored in a way where every actions, intensions of the people could be recorded and we would be able to genuinely distinguish between Terrorist and Humans without any manipulation’s. Imagine a world where justice could be truly fair and be accessible to everyone. This is all possible with Blockchain.
People based trust systems do not scale beyond Dunbar’s law for obvious reason because one cannot remember everybody in a community. A king would just know his trusted advisors similarly a trader would know his trusted stakeholders primarily suppliers and only his large customers. Imagine a system which could enable traders to distinguish a defaulter or corrupt stakeholders than good ones in real time purely based on data and technology. Hence, technology based trust systems could virtually scale without any limits. But, again these technology based trust systems has led to bigger centralisations than before like for an example imagine Facebook, which controls billions of peoples data, it could influence them in every possible way, we have seen it happening in elections. Facebook is not only influencing evil but uniting groups like terrorism around the world and obviously it’s now beyond Facebook’s control to identify. It has been building algo’s to analyse data but again its breaking privacy laws.What if there’s a technology which could do it automatically without any manual intervention and control of Data, Imagine a Internet purely based on smart governance where one could communicate with one another without any breach of trust; thats the power of Blockchain. Thus, Blockchain could organise societies without any intervention and breach of trust.
Going back to history one of first amazing technologies was Printing Press which was invented hundreds of years ago without any memory limit, promoting free share of information, knowledge creating a cult and wisdom among people around the world. It united people globally but, eventually these centralised powers realised that this could be be literally “Abused” and thus it all started with Religions. It allowed people to keep unified ID across the whole world and for the first time in History people where able to distinguish from each other. Printing Press was epic because it led to recording of information, data without any manipulation leading everybody to share the same copy of the trust. Best example is everybody sharing the same copy of the “Bible, Bhagwat Geeta and list is endless”.But, importantly this led to sharing of information in a democratic way thus, leading to democratised movements. Finally 10 years ago ” The technology of Trust Blockchain was invented which led to the creation of new era of trust and transparency”. Think of Blockchain as magical book of records any information modified or manipulated could easily be tracked and traced back.
The technology of trust has 4 common pillars :
- Decentralised Communications: With this we can communicate beforehand what we actually want to do. It has 2 major components in modern world one is internet and other is cryptography. Internet structures like P2P systems such as Bittorrent leads everyone on the network to share same data seamlessly combining this with cryptography it could prevent centralised systems from massive surveillance and censorship. Imagine if all your data browsed on Google is encrypted but can be governed by itself using Smart Contracts. So, for instance smart contracts could identity negative, threatening keywords/phrases like Terrorism, bombs, etc automatically and could report to respective agencies in a decentralised way protecting “Freedom of Speech and Thoughts”.
- Decentralised Law: First we communicate what we want to do and then we come to an agreement on how we want to cooperate in a self governed way with with these 3 parameters such as
a. Choice of law means that we can choose law automatically applying to our agreements. For an example while doing a contract we can choose law of India, law of US or perhaps we could create our own choice of law.
b. choice of jurisdiction/juridicator means who hear our disputes and finally with
c. choice of enforcer means who enforces are judgement. This leads to a freedom where both parties can choose fair personalities for judgement keeping everybody happy.
All these may sound radical ideas but these were the cornerstone of the humanity dating pre history and got abolished with increasing centralised systems. Inspired from Switzerland, Hong kong and Singapore lot of Entrepreneurs like Akon, is building such Startup Cities inspired by decentralisation where there is desperately need of jobs and fair governance structures. Also, one of the best use cases in production is Decentralised Voting, Government across the world including India has started to work towards Blockchain powered voting systems leading to complete transparency.
3. Decentralised Production: This would essentially help to bypass barriers created by centralised system especially censorship 2 ways:
a. Decentralised Material Production: The best use case is 3D printing, with 3D printing any one can download any design from the internet and can print it anytime, anywhere in the world. But, this could be prone to infringement of one’s invention perhaps blockchaining it would make sure that all downloads are tracked and mapped enabling creators to know who is using the designs when, where, why and how. This could enable a new way of tracking how IP’s are monitored and monetised. This would also self govern communications and governance of one’s creation globally.
b. Decentralised Energy Production: This would enable anybody to produce energies at their homes cheaply in unlimited quantities by also enabling P2P sharing. We are in the early stages of this and some startups globally are creating marketplaces for sharing these energies directly. This would also lead to invention of new business models and opportunities at the same time automation of governance, collection of taxes, tracking of how and where energies are consumed.
This would ultimately lead to models where one could produce Apple gadgets at one’s own home and enabling apple to keep track of it. This would be one of the most asset light models and thus reducing dependencies from huge manufacturing units, better inventory managements. One of the classic examples I could think of the future is Apple setting up small production units where consumers could go and get their own customised iPhones produced. Anyone could potentially become an Iphone manufacturer at the same time maintaining uniformity of quality and standards. Believe me guys we are just decades away from this.
4. Decentralised Finance: Bitcoin is the classic example of decentralised finance, I need not need to explain more, whole internet is full of this. Nevertheless, Combining Decentralised Finance system with Decentralised Contracting systems could create “Global Uniformity of Platforms” for managing the business and this is already started to happen. At, Snapper we have been working really hard to drive this pillar to lay foundation of truly democratised World. Would be really grateful to know your thoughts, ideas and feedbacks. I am always available to connect.
One of the Classic Examples is Cyprus where people saved their money for 30-40 years and one fine day Government confiscated 30-40% of their assets, with these technologies they could have prevented it with right consensus.
Hence, whatever I have mentioned there is a logical order to it, at first we communicate what we want to do followed by how and under what circumstances, governance models to be followed by producing things which we agreed to cooperate upon and finally deciding the terms of trading. I hope you enjoy my content and enabling you to see the future of how amazing could be decentralised world. To conclude further, Imagine a guy in Africa having forced to pay Taxes to corrupt governments with these 4 pillars and just a smartphone with Internet he would be able to start and communicate with a small idea, create a legal entity in seconds, produce what he wants to and transacts without any trust issues on a seamless globally connected Ecosystem. This would lead to massive Wealth creating opportunities where everybody is a rightful producer like the Agriculture age forcing monopolistic folks to create highly competitive models ultimately leading to fair distribution of wealth and opportunities.
If you are keen to learn about Blockchain and know how amazingly works you can sign up at Indian Blockchain Institute (IBI), we offer customised curated courses bases on your aspirations mentoring you to ride your dream opportunities