Matt Liston
More from this author
A Visit to the Oracle
Smart contracts are poised to revolutionize the ways that humans, machines, and organizations create and enforce contractual relationships. Everything from property ownership to financial instruments to family arrangements can now be implemented as a piece of code on a publicly verifiable shared ledger known as a blockchain.
Markets for the Future
Policy decisions are at the core of all governance models. Organizations must make decisions on which policies to implement in order to maximize future welfare. For a government, this could mean deciding budget allocation. Should a portion of the budget be allocated for infrastructure projects or for education? Which will result in greater GDP? Within a corporation, disputes could arise over whether or not to acquire a company. Metrics on share price or future revenue may be the deciding factors. In most cases of governance, such decisions are made using a range of Democratic or Autocratic processes.
