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How Blockchain Could Help Emerging Markets Leap Ahead

Harvard Business

Much has been made of the potential for blockchain technologies to open up new vistas for business and society. But is there a way for this revolutionary technology to empower the rich and poor alike? We argue that, like previous revolutionary ideas, blockchain has the potential to help developing nations leapfrog more-developed economies. How Blockchain Works Here are five basic principles underlying the technology.

Badges? We Don’t Need No LinkedIn Badges

Harvard Business Review

Money became a key element of these trust networks because it was cheaper to trust the money than the credit of a counterparty beyond your clan, village, or tribe. These hacks are things like badges, diplomas, dress codes, and, as it happens, credit ratings. It is happening now because the powerful combination of the mobile phone, the social graph, and new authentication technologies is reducing the cost of using social capital effectively at a transaction level.