Exploring Blockchain-Enabled Convergence
We believe blockchain technologies, including distributed ledgers & smart contracts, are the mega-trend that allow all other macro-trends to scale securely, converge and combine. They represent the next phase of The Web, Web 3.0 or ‘The Trust Web / Internet of Ownership’, and will transform how technologies interact with one another and the World around them.
Combined they enable a new more decentralised and automated Web infrastructure that brings with it previously impossible economic models. At their core they represent a fundamental shift from centralized & human mediated systems to trustless decentralized & autonomous networks.
A TRUER FAIRER P2P WEB
They enable a truer peer-to-peer environment where not only individuals but also autonomous machines and agents, such as DAOs, can transact as well as share information and resources securely without the need for a 'broker of trust'. This will see large parts of our economies automated, removing many market intermediaries whilst improving efficiencies and liquidity.
Furthermore it provides an infrastructure for other emergent trends like; IoT, 3D Printing, Autonomous Robotics (drones) to scale securely through something we term ‘convergence’.
More specifically, we believe there are a handful of emerging technologies that hold the most promise for blockchain-enabled convergence in the mid to long-term.
Most promising blockchain enabled convergence tech includes:
It is the ability of blockchains and other distributed technologies to enable automated and intelligent M2M (machine-to-machine) networks that could transform design & manufacturing, distribution & logistics as well as retail & commerce. This will impact almost every supply chain from health to construction and manufacturing. Once you can ensure the integrity and provenance of digital assets, in some cases tie them to physical assets and allow them to be traded, either sold or leased, without people we believe you will see an exponential explosion of innovation that will bring greater liquidity and efficiency to global markets and cross-border trade.
It’s this future scenario we want to explore in this white paper with experts from around the world and across the various disciplines. We want to understand where is the greatest likelihood and opportunity for convergence and what are its barriers to it coming of age be it commercial, technical or political. We want to help specialists break out of their silos and begin to work laterally in exploring this space. This white paper will form the beginning framework for a series of ongoing events committed to supporting a community aligned to the idea of convergence.