You are viewing a single comment's thread from:

RE: Netocracy - The Book That Predicted The Rise Of The Blogger And The New Elite

in #netocracy8 years ago

While the media-based economy of social networks will certainly be important, nothing will take away the physical commerce, since even this network traffic requires cables and terminals and servers and whatnot.

Even here though, the blockchain and related decentralisation technologies will come into play. Factories and other places of capitalist production will operate using these kinds of systems and our productivity will be trackable down to the last little bit. In service industries, our provision of services will be rated by our customers, and... well, it is a very exciting prospect, because it will eliminate a lot of the functions of managers, who can be the rotten core of a business going wrong. As I discovered in my recently ended contract of employment in an IT service company.

So, even there, there will be a reputation system that can be put into place, where once an employer had to pay a salary because it was too tedious to track every bit of work, more and more every bit of work will be trackable. And even further, as I alluded to above, this will start to erode the functions of supervisors and managers. The company's board of directors will be a victim of the obsolescence caused by blockchain IoT smart contract type systems. Shareholders will have the ability to directly control the company instead of trusting intermediaries, and maybe finally the end of corrupt trustees running off with assets, or causing financial trouble for shareholders...

This is the direction the whole thing is going, it's the big vision behind Ethereum, even if it may not be the system that stands by the time that this starts to become mainstream. It is already happening to some degree, Steem and Dash and some other blockchain based systems also are starting to implement systems like that, indeed Steem is a work in progress for showing how it can work on very large data sets, meaning that shareholders decisions can be aggregated and dictate the order of business.

It makes me think of something that I have to write, and I think I am going to put everything on hold for a little while and put together a really nice article, in the next day or so.

I am glad someone suggested to me that I do more reading and commenting, now I have a big fat steeming egg of an idea in my mind-womb.

Sort:  

You hit upon many points made in the book, you're spot on about employment and the changing role of the employee. However virtual commerce is intrinsically linked to the physical, so much so that the physical will soon be seen as an adjunct to the virtual.

Cg

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 65359.95
ETH 3492.90
USDT 1.00
SBD 2.51