By Marshall Brown November 16, 2017
This past month has brought me on an unexpected journey — into the world of blockchain. I’d known from the outset back in July when I was introduced to a merry band of sustainability gurus that blockchain would play an important role in the fashioning of a sustainable planet. I just had no idea how. At the same time, just in the last several months, the call for ‘humanitarian blockchains‘ has grown louder with each conference.
After all the conferences and conversations, I’ve concluded that the implementation of blockchain-based solutions will offer humanity an opportunity to reset the world as equitable and sustainable. Blockchain will shape the future / rewrite the rules for personal and corporate finance, medicine, education, insurance, humanitarian relief, human rights, local sovereignty, supply chain transparency, identity verification, construction finance, and so forth.
Blockchain — The Hype, The Hope, The Work Ahead
And yes, I am quite cognizant that it will take some time to write the code and set the rules. If you are coding for outcomes, you can miss the mark. There could be unintended consequences. How do you verify identity so that educational, financial, and medical records and services can be secured by a given individual while at the same time protecting that person’s privacy, for instance? There are a lot of people around the world working on such basic architecture, addressing these challenges. Blockchain will happen in phases as these challenges are met; these are still early days, but of this we can be assured at this point: blockchain will continue to grow in impact.
I began with the question, “Can we build a sustainable planet through blockchain?” and ended with the conclusion that in fact it is hard to imagine us doing so without it. Blockchain promises radical transparency, a prerequisite to any sustainability effort. That transparency via blockchain will extend to contractual relationships, with the contracts executing like code over time, altering as various preselected conditions change.
More at: Will Blockchain Unchain The World? – Forbes Leadership #ChangeTheWorld