Transition to Postcapitalism 3 / 3

Citizen`s Islands and Company`s Islands

Sep 30 · 4 min read

Introduction one: “Transition to Postcapitalism

As the time for postcapitalism has begun, several problems ask for a solution. How to stop companies and multinationals from becoming too powerful? Amsterdam has FairBnB and the FairPhone. Barcelona established the right to publish data as a public good. Rushkoff thinks a solution is to give every employee shares of the company she works for. Big data, gathered in China by the BAT trinity and in many other countries by Google, do not serve the citizens directly. Sassen shows a way for citizens to behave more according to their own values, with a personal valuation system. And by valuating products and services, companies and multinationals show up in search engines only when their behavior matches the citizens` social values. Ta’eed shows that such social values can be tokenized, establishing social value coins. A UBI (universal basic income) is, according to Sassen, a logical necessity. UBI-Vault has been made to distribute such a basic income automatically. Valuations, reputation, digital money and social value coins, can best be stored, according to Sassen, on what he calls Citizens` Islands, digital islands in the cloud, secured with blockchain technology. (R. S.)

Introduction two: “to a new way of Trading and Sharing”

Money traditionally was established as an easier way of exchanging goods. Over time it has become a goal in itself, which has made it vulnerable to abuse. With the arrival of the internet, money has changed appearance: bitcoins are being introduced, but there is no stability there, nor enough connection with the coins as we know it.

A new bridge can be made between real time money and virtual money and, with a view to the future in which people will be less needed for certain jobs since robots will take over and give people more time for themselves, a new way of distributing money: a universal basic income (UBI).

As a first, privacy and security must be secured. For this Citizen’s Islands are invented: digital secure islands in the cloud. Private information, digital money and social value coins can be stored there safely and shared according to your own rules and values. Next to this, a simple automatic UBI distribution system is introduced. (S. K.)

Part 1 is about social value coins and projects, validation and reputation, and a basic income.

Part 2 is about social value exchanges, a social value distribution system and UBI as a social value project.

Part 3 is about Citizen`s Islands and Company`s Islands, how coins and reputation can be decentralized stored.

Part 4 is about how to achieve this (some say utopian) vision: Possible Pathways.

Part 5 is showing some consequences.

Citizen`s Islands and Company`s Islands

Preferences, choices, taste and personal social values can all be stored using secure blockchain technology. When you search for a restaurant, these preferences will be included in your search.

Where are my preferences and social values stored?

A Citizen`s Island is your personal storage place on the secure blockchain.

You found a restaurant, in accordance with your preferences and social values, enjoy a meal and afterwards your phone asks you to evaluate the restaurant. Your evaluation is stored on your Citizen`s Island, and on the Company`s Island of the restaurant as well.

Which restaurant is allowed to let customers pay with social value coins?

A blockchain computer programme (smart contract) measures automatically the restaurants` reputation, provided by the evaluations of its customers. Depending on a fix threshold, the restaurant is allowed to use and advertise with social value coins. Your search app and paying app reads from the restaurant`s Company Island`s record if it is eligible to support social value coins.

Can I use my Citizen`s Island to store my own reputation, for example driving behaviour?

On your Citizen`s Island, you can activate the option to be personally evaluated as well. Unlike your social values, your evaluations will be read-only for you. You can allow any parties to see your reputation. Some parties will reward you for your info.

Where is my wallet stored?

When you pay in the restaurant, you use your phone, which shows your Citizen`s Island wallet. Your whole Citizen`s Island, your wallet included, is stored on the secure blockchain. The same wallet is used to receive money coins, social value coins, possibly your salary and/or your UBI (universal basic income). Your wallet on your Citizen`s Island is provided with an automatic exchange and allows you to pay with apps on your phone seamlessly. Your wallet can contain fiat money stored as digital money, social value coins or cryptocurrencies.

How can a company influence its reputation?

When a company contributes to, for example, the UBI-Vault, this contribution will automatically be distributed among citizens as a Universal Basic Income, and thus contributes to 11 of the 17 sustainable development goals of the United Nations. On the Company`s Island reputation site, the reputation is adjusted accordingly. Also any other contribution of the company will be added. Your search app will label the company`s products and services in line with their reputation. Your search-results will be a match between your social values and preferences, and the companies` reputation.

See also

next: Transition to Postcapitalism, Possible Pathways and Consequences

Roland Sassen

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