By training I’m a CPA, an Austrian Economist, a systems analysts. After a lengthy esoteric journey I’ve become a organizational design consultant. I mean, a largely unchanged model for 100 years and more surely needs changing. What has gone wrong in the corporate and business world (along with the degradation of the marketplace) can be attributed to many things. My favourite candidates are scale has outpaced personal ability (consider trust), money has been destroyed (most don’t know it’s just a “dead man walking”), markets have become impersonal and devoid of integrity and trust.
When I first heard of bitcoin, which doesn’t meet the ancient standards for a good money, I thought this may be the right money just in time. Then I heard of bit coin and thought this will save the marketplace. These two with massively distributed information and information technology give some hope (small) for the future.
Thanks for this piece. I’ve not kept up on block chain and this article and the reading it suggests will be a link in my chain.
These three things seem to me to hold the promise of a return to social values that have been lost to the scale of things. The scale will be handled by mechanisms that can be tracked at a human scale.
I simple example of blockchain that I’ve been following is the ability to track each individual product, via blockchain, back to the farm (or other source) of its ingredients. We are increasingly gaining control of what we put in our bodies without the need to “organic” or other labels which seldom reflect the full ingredient list and often don’t even meet the stated standards of “organic”.
As a CPA and systems analyst, I created a software package designed for analysis of cost and quality (protein, minerals, etc) for animal feed. The nutritionists of animal sciences new far more than any similar profession in the area of human nutrition. I asked the nutritionist why he didn’t work with humans. He said, “Because they’ll all kinds of junk no matter what good stuff I tell them to eat and/or avoid. Animals only get what I say they should get.” He had different feed formulation for every 100 pound variation in the weight of a milk cow. Our customers paid more for our feed than anybody else, they got more milk production (and healthier animals) than anybody, and we made a far higher return on investment than anybody in the industry. This was over 50 years ago — and I’m a healthy, active 75.
Thanks for all you’ve contributed in this quite short space.
