trust

Your Blockchain Close Encounter Of The First Kind

September 19, 2023 by Jim Blasingame

This is the third article in a series about Blockchain technology and its implications. The first, in June, was an introduction, and the second, in July, was how Blockchain works and its role in creating digital trust. This article is about your likely first contact.

As small businesses have increasingly become vertically integrated with Big Business customers, they’ve had to step up their Main-Street-Mom-and-Pop game to become more sophisticated while continuing to be nimble, quick, versatile, and efficient. With this integration, larger customers have notified smaller partners of their evolving expectations, as driven by macro events and trends.

Consequently, over the past 25 years, millions of small businesses have received letters requiring compliance with four of those macro markers: [Continue Reading]

When Blind Justice Had A Good Day

August 10, 2023 by Jim Blasingame

As you likely remember, the question asked last week in our online poll was: “What do you think about Hunter Biden’s plea deal failing this week?” And we offered these four response options:

It’s just more Conservative/MAGA theater to divert from Trump’s assault on the Constitution.
Thank God something/someone slowed the Biden DOJ’s banana republic approach to justice.
Doesn’t matter. Our country isn’t going to survive as a constitutional republic for much longer anyway.
What if we presented both the Biden and Trump cases to a court without names?

Below, along with the other responses, you’ll see that three-fourths of our folks went for #2. They were relieved to see that there’s still some level of blind justice in America today.

Is Hunter Biden, et al, guilty of all of the things being alleged? Well, when allowed to work as designed, that’s what the architecture of the American system of justice is designed to resolve. But as we’ve known since Henry II’s 12th-century legal reforms spawned the immortal English common law upon which our system is modeled, the mill grinds pure when unimpeded by politics.

[Continue Reading]

Blockchain: It’s The Future Of Trust

July 25, 2023 by Jim Blasingame

A few weeks ago, I introduced you to how Blockchain works. This offering is about how it can create digital trust. But first, let me remind you – Blockchain is a complicated topic, so thanks for your continued focus.

To understand Blockchain, we must first contemplate the primordial role of trust. Just as every chemical process in the human body takes place in the medium of water, every human interaction – each one – takes place in the medium of trust. As civilization, societies, and markets evolved, all were made manifest by the existence of, and singular devotion to trust. It’s the cornerstone, the keystone, and the capstone of our civilized existence. As the original open-source model, trust is the intangibly awesome foundation of equilibrium and creator of order.

This will be on the test: For 10,000 years, humans required analog trust. In the Digital Age, humans will require digital trust. As open-source technology beyond cryptocurrency, Blockchain is enabling trust’s metamorphosis from analog to digital, as it becomes synonymous with digital trust.

For Satoshi Nakamoto, creating Bitcoin was easy. But making his peer-to-peer cryptocurrency deliver on[Continue Reading]

It’s the Digital Age – Ethically Speaking, Things Here Are Different

October 20, 2022 by Jim Blasingame

As arrogant occupants of 21st-century Earth, who can rightly boast of creating exciting innovations, like the computer, talking paint, and the margarita blender, it serves us to believe we’re also the more enlightened generation.

But honesty demands an acknowledgment that contemporary applications of wisdom, morality and ethical behavior are in fact derivative of concepts first proposed long ago by the ancients.

Consider the 10,000-year-old Chinese wisdom, I Ching, The Book of Changes. Then there are the 5,000-year-old Upanishads from India. And of course, the new kid on the block, the four-millennia-old Mosaic Laws (Thou shalt not …). Indeed, no wisdom is handier than that of King Solomon, from the first millennium BCE in Ecclesiastes, Proverbs, and the Psalms.

It must be noted that much of this awesome introspection and self-awareness was first contemplated at a time when receding Ice Age glaciers were still carving Scotland’s Loch Ness and the Great Lakes of North America, on the threshold of the written word.

Alas, ethically and morally speaking, we moderns are merely the new models, not necessarily the better ones. Hold that thought. [Continue Reading]

Blockchain isn’t the end of trust, it’s the future of trust

July 17, 2019 by Jim Blasingame

This is the second of three articles about Blockchain technology and its implications. The first was an introduction, this one’s about how Blockchain works and its role in creating digital trust, and the third article will be about how you’re likely to make first contact and use it. I’ll remind you that Blockchain is a complicated topic, so thanks for your continued patience.

To understand Blockchain, we must first contemplate the primordial role of trust. Just as every chemical process in the human body takes place in the medium of water, every human interaction – every one – takes place in the medium of trust. As civilizations, societies, and markets evolved, all were made manifest by the existence of, and singular devotion to trust. It’s the cornerstone, the keystone, and the capstone of our civilized existence. As the original open source model, trust is the intangibly awesome foundation of equilibrium and creator of order.

This will be on the test: For 10,000 years, humans required analog trust. In the Digital Age, humans will require digital trust. As open source technology beyond cryptocurrency, Blockchain is enabling trust’s metamorphosis from analog-to-digital, as it becomes synonymous with digital trust.

For Satoshi Nakamoto, creating Bitcoin was easy. But making his peer-to-peer cryptocurrency deliver on the human trust expectation was complicated by the fact that fiat currency – trusted as value-in-exchange – is backed by the full faith and credit of the issuing sovereign government. To become a viable fiat alternative, users had to trust Bitcoin to be authentically tendered by its true owner, just as merchants trust bank technology to verify in real time that customers have the money they’re spending. So, to eliminate the “double-spend” concern, Satoshi created his Blockchain, which has the task of delivering a trustable Bitcoin.

Now let’s take Blockchain beyond currency. The essence of analog trust intermediaries, like government, banks, lawyers, title companies, etc., is to facilitate a transaction that doesn’t require the parties to trust each other. As a practical alternative, Blockchain can do the same thing, but faster, more efficiently and at a lower cost. But what about those trust expectation?