Blockchains, Cryptoeconomics, and Emerging Technology Risks

The recent rise in the value of BitCoin, whether a bubble or not, has stimulated great interest in the blockchain, and a recent opinion piece in the New York Times places it in the context of falling confidence in institutions and governments. From “The Bitcoin Boom: In Code We Trust” by Tim Wu, Dec. 18, 2017:

… Yet as Bitcoin continues to grow, there’s reason to think something deeper and more important is going on. Bitcoin’s rise may reflect, for better or worse, a monumental transfer of social trust: away from human institutions backed by government and to systems reliant on well-tested computer code. It is a trend that transcends finance: In our fear of human error, we are putting an increasingly deep faith in technology. …

Although it is too early to foresee what the effects of blockchains will be, it seems already clear that the blockchain is closely linked with long-term Foresight interests in computer security and managing the risks of powerful emerging technologies (see for example Cyber, Nano, and AGI Risks: Decentralized Approaches to Reducing Risks” by Christine Peterson, Mark S. Miller and Allison Duettmann.)

 

Read more at foresight.org

Image Credit:  fotolia.com

Recent News

NanoApps Medical Near-Term Projects

NanoApps Medical is investigating the possibility that superparamagnetic nanoparticles (SPIONs) and other classes of nanoparticles (e.g., gold coated nanoshells) might have the capacity to target cancerous tumors, metastasizing cancer [...]

 

2018-03-22T14:32:25+00:00

Leave A Comment