Many of today’s medical processes — chemotherapy, vaccine production, blood donation — will look as backwards to future generations as leeches, bloodletting, lobotomy, and trephination do to us now.
This experiment revealed to me the true power of blockchain. Even though the mechanics of blockchain are simple, the big idea hiding in blockchain is that economics are now programmable. These “tokenomics” provide very pure monetary rewards to perform certain actions. The upside can be so big that tremendous resources are spent by the market to automate certain behaviors. In software, this is very different than the voluntary open source community contributions of the past. Tokenomics provide economic incentives on a micro-level and they inject a big dose of capitalism into self organizing networks.