bbaldieri (Twitter)
R to @bbaldieri: We're super excited to finally put this project out there and build a community and network around our mutual desire to outperform in all areas of life (a hint for what's on our roadmap). 👇
We're super excited to finally put this project out there and build a community and network around our mutual desire to outperform in all areas of life (a hint for what's on our roadmap).
👇
R to @bbaldieri: We're super excited to finally put this project out there and build a community and network around our mutual desire to outperform in all areas of life (a hint for what's on our roadmap). 👇
We're super excited to finally put this project out there and build a community and network around our mutual desire to outperform in all areas of life (a hint for what's on our roadmap).
👇
Nitter
Ben Baldieri (@bbaldieri)
We're super excited to finally put this project out there and build a community and network around our mutual desire to outperform in all areas of life (a hint for what's on our roadmap).
👇
👇
bbaldieri (Twitter)
R to @bbaldieri: We combine trading and macro education in our proprietary training system, helping you to develop big-picture understanding. The sole purpose of this system is to holistically elevate your understanding of all aspects of the crypto markets, enabling you to react accordingly. 👇
We combine trading and macro education in our proprietary training system, helping you to develop big-picture understanding.
The sole purpose of this system is to holistically elevate your understanding of all aspects of the crypto markets, enabling you to react accordingly.
👇
R to @bbaldieri: We combine trading and macro education in our proprietary training system, helping you to develop big-picture understanding. The sole purpose of this system is to holistically elevate your understanding of all aspects of the crypto markets, enabling you to react accordingly. 👇
We combine trading and macro education in our proprietary training system, helping you to develop big-picture understanding.
The sole purpose of this system is to holistically elevate your understanding of all aspects of the crypto markets, enabling you to react accordingly.
👇
Nitter
Ben Baldieri (@bbaldieri)
We combine trading and macro education in our proprietary training system, helping you to develop big-picture understanding.
The sole purpose of this system is to holistically elevate your understanding of all aspects of the crypto markets, enabling you…
The sole purpose of this system is to holistically elevate your understanding of all aspects of the crypto markets, enabling you…
bbaldieri (Twitter)
R to @bbaldieri: For now, check out the website at https://asymmetry.network, and get in touch with @Asymmetry_Fi, @Trad3rOfCrypto, or myself to find out more!
For now, check out the website at asymmetry.network, and get in touch with @Asymmetry_Fi, @Trad3rOfCrypto, or myself to find out more!
R to @bbaldieri: For now, check out the website at https://asymmetry.network, and get in touch with @Asymmetry_Fi, @Trad3rOfCrypto, or myself to find out more!
For now, check out the website at asymmetry.network, and get in touch with @Asymmetry_Fi, @Trad3rOfCrypto, or myself to find out more!
Nitter
Ben Baldieri (@bbaldieri)
For now, check out the website at https://asymmetry.network, and get in touch with @Asymmetry_Fi, @Trad3rOfCrypto, or myself to find out more!
bbaldieri (Twitter)
R to @DEFICHAINFACTOR: Appreciate you @DEFICHAINFACTOR , see you in there!
Appreciate you @DEFICHAINFACTOR , see you in there!
R to @DEFICHAINFACTOR: Appreciate you @DEFICHAINFACTOR , see you in there!
Appreciate you @DEFICHAINFACTOR , see you in there!
Nitter
Ben Baldieri (@bbaldieri)
Appreciate you @DEFICHAINFACTOR , see you in there!
Asymmetry
Photo
bbaldieri (Twitter)
I've been operating in the #DAO space for a couple of years, and from this experience I've learned one thing:
DAOs are a great idea, in principle.
In practice, more work needs to be done.
I've been operating in the #DAO space for a couple of years, and from this experience I've learned one thing:
DAOs are a great idea, in principle.
In practice, more work needs to be done.
bbaldieri (Twitter)
I think #DAOs have tremendous potential, and the ideas and values surrounding the democratisation of #governance should be cherished and expanded upon.
The problem is that potential is not being realised.
Why not?
I think #DAOs have tremendous potential, and the ideas and values surrounding the democratisation of #governance should be cherished and expanded upon.
The problem is that potential is not being realised.
Why not?
bbaldieri (Twitter)
The issue here is in taking a solely future-focused perspective, we perpetuate the same fundamental problem that plagues not just legacy industries but human society as a whole:
“Those who do not learn from history are doomed to repeat it.”
The issue here is in taking a solely future-focused perspective, we perpetuate the same fundamental problem that plagues not just legacy industries but human society as a whole:
“Those who do not learn from history are doomed to repeat it.”
bbaldieri (Twitter)
If we were to turn our gaze outwards and look to legacy industries for solutions, we would probably find them, as our similarities are more important than our differences.
What are those similarities?
People.
If we were to turn our gaze outwards and look to legacy industries for solutions, we would probably find them, as our similarities are more important than our differences.
What are those similarities?
People.
bbaldieri (Twitter)
To further understand what I mean, check out this article (excuse the slug, ghost isn't playing ball):
benbaldieri.io/untitled-2/
To further understand what I mean, check out this article (excuse the slug, ghost isn't playing ball):
benbaldieri.io/untitled-2/
bbaldieri (Twitter)
Our challenges are not unique, nor do our solutions need to be, and there is a lot to be learned from ideas that may appear to run counter to the egalitarian future we are trying to build.
Our challenges are not unique, nor do our solutions need to be, and there is a lot to be learned from ideas that may appear to run counter to the egalitarian future we are trying to build.
bbaldieri (Twitter)
The future, after all, is built on the foundations of the past, and the deeper we can lay those foundations, the stronger that future will be.
The future, after all, is built on the foundations of the past, and the deeper we can lay those foundations, the stronger that future will be.
Asymmetry
Photo
bbaldieri (Twitter)
New Full Article - How #DAOs and #Blockchain Could Rewrite #Business Structure
Disruption defines the 21st Century. Technologies like the internet, social media and the smartphone have changed the fundamental nature of society. While they epitomise the disruption we have come to accept, few receive the same scrutiny as blockchain. This is because blockchain technology disrupts our understanding of trust. In removing intermediaries from transactions, blockchain asks whether they remain necessary. The answer to this question, and its bottom-line impact, will affect all industries.
Yet disintermediating transactions is not where blockchain's true business value lies. Smart contracts - digital middlemen that allow for the streamlining and potential removal of middle management create this. Decentralised Autonomous Organisations (DAOs) are an ongoing experiment in their application. If successful, DAOs will transform corporations and, in doing so, shake the bedrock of society. This article examines why such success is inevitable and explores the business opportunities DAOs afford.
What is blockchain, and what does it do?
Simply, blockchain is a distributed, add-only database. Those that maintain the database chain transaction data together in a dynamic network of cryptography and incentives. In doing this, they collectively agree upon a single version of the truth. This raises interesting questions about the role of the trusted intermediary in society. These third parties were the previous source of truth, ensuring the fair transfer of value. That role is now redundant with the disintermediated value transfers blockchain enables.
Tasks requiring human intervention can also be codified and executed as frictionlessly as a blockchain transaction with smart contracts, broadening the impact of that redundancy. These self-executing agreements allow for more complex interactions in the peer-to-peer blockchain environment.
How do smart contracts apply to the business environment?
Decentralised Autonomous Organisations, or DAOs, are the potential of smart contracts made manifest. Per the work of Samer Hassan of the University of Madrid, “A DAO is a blockchain-based system that enables people to coordinate and govern themselves mediated by a set of self-executing rules deployed on a public blockchain, and whose governance is decentralised.” As such, the ultimate goal of DAOs is bold: to restructure the corporation.
While such ideas may sound fanciful, they are not new. James Freeland and Norman Baker coined the term in 1975. Building upon the work of Martin Shubik and Richard Beckhard, Freeland and Barker modelled a two-level decentralised organisation of superordinates, visionaries, and subordinates, contributors. Therefore, vertical relationships and value flow à la corporation do not characterise DAOs. Instead, their defining features stem from the member network's nature and value.
What is a value network, and why do they matter?
The notion of value networks is an established pillar of organisational theory. Jan van Dijk posed the idea in his 1991 Dutch book De Netwerkmaatschappij (The Network Society). David Ronfeldt’s Tribes, Institutions, Markets, and Networks (TIMN) framework for societal evolution builds upon this work, plotting the historical rise of organisational forms and considering the factors that contributed to their emergence.
Ronfeldt demonstrates that technology plays a significant role in form maturation. Institutional hierarchies superseded tribal organisations, and the agricultural revolution triggered the maturation. Market organisations born from the industrial revolution and the emergence of capitalist thought undermined these hierarchies. The information revolution and the rise of the internet then yielded the yet-to-mature network or[...]
New Full Article - How #DAOs and #Blockchain Could Rewrite #Business Structure
Disruption defines the 21st Century. Technologies like the internet, social media and the smartphone have changed the fundamental nature of society. While they epitomise the disruption we have come to accept, few receive the same scrutiny as blockchain. This is because blockchain technology disrupts our understanding of trust. In removing intermediaries from transactions, blockchain asks whether they remain necessary. The answer to this question, and its bottom-line impact, will affect all industries.
Yet disintermediating transactions is not where blockchain's true business value lies. Smart contracts - digital middlemen that allow for the streamlining and potential removal of middle management create this. Decentralised Autonomous Organisations (DAOs) are an ongoing experiment in their application. If successful, DAOs will transform corporations and, in doing so, shake the bedrock of society. This article examines why such success is inevitable and explores the business opportunities DAOs afford.
What is blockchain, and what does it do?
Simply, blockchain is a distributed, add-only database. Those that maintain the database chain transaction data together in a dynamic network of cryptography and incentives. In doing this, they collectively agree upon a single version of the truth. This raises interesting questions about the role of the trusted intermediary in society. These third parties were the previous source of truth, ensuring the fair transfer of value. That role is now redundant with the disintermediated value transfers blockchain enables.
Tasks requiring human intervention can also be codified and executed as frictionlessly as a blockchain transaction with smart contracts, broadening the impact of that redundancy. These self-executing agreements allow for more complex interactions in the peer-to-peer blockchain environment.
How do smart contracts apply to the business environment?
Decentralised Autonomous Organisations, or DAOs, are the potential of smart contracts made manifest. Per the work of Samer Hassan of the University of Madrid, “A DAO is a blockchain-based system that enables people to coordinate and govern themselves mediated by a set of self-executing rules deployed on a public blockchain, and whose governance is decentralised.” As such, the ultimate goal of DAOs is bold: to restructure the corporation.
While such ideas may sound fanciful, they are not new. James Freeland and Norman Baker coined the term in 1975. Building upon the work of Martin Shubik and Richard Beckhard, Freeland and Barker modelled a two-level decentralised organisation of superordinates, visionaries, and subordinates, contributors. Therefore, vertical relationships and value flow à la corporation do not characterise DAOs. Instead, their defining features stem from the member network's nature and value.
What is a value network, and why do they matter?
The notion of value networks is an established pillar of organisational theory. Jan van Dijk posed the idea in his 1991 Dutch book De Netwerkmaatschappij (The Network Society). David Ronfeldt’s Tribes, Institutions, Markets, and Networks (TIMN) framework for societal evolution builds upon this work, plotting the historical rise of organisational forms and considering the factors that contributed to their emergence.
Ronfeldt demonstrates that technology plays a significant role in form maturation. Institutional hierarchies superseded tribal organisations, and the agricultural revolution triggered the maturation. Market organisations born from the industrial revolution and the emergence of capitalist thought undermined these hierarchies. The information revolution and the rise of the internet then yielded the yet-to-mature network or[...]
Asymmetry
bbaldieri (Twitter) New Full Article - How #DAOs and #Blockchain Could Rewrite #Business Structure Disruption defines the 21st Century. Technologies like the internet, social media and the smartphone have changed the fundamental nature of society. While…
ganisations.
To understand why this is the case, one must consider how different forms of organisation interact. When a form emerges, the new undermines the old. The resultant clash of paradigms creates friction. Older forms of organisation will seek to crush or coopt the new by restricting how and where value can flow into this new form.
If a previous form can limit access or growth, maturation will slow or even halt. In the case of network organisations, they need dense and reliable information and value flows - needs which also undermine institutional hierarchies. Through blockchain and smart contracts, removing restrictions from all value flows is possible, allowing network organisations to develop outside existing power structures.
Why many organisations will deploy DAO-like structures
Businesses already understand the positive impact of these developments. The 2020 McKinsey report “Enterprise Agility: Buzz or Business Impact”, highlights that many organisations already implement DAO-like structures through “agile organisations”. These internal value networks allow organisations to redirect their people and priorities toward value-creation with a strong backbone providing stability for development and scale. With blockchain and smart contracts, that backbone can be decentralised and automated, further empowering the network of teams in their work.
These changes can significantly impact the bottom line. Business processes can be automated, and smart contracts can reduce management costs. Compliance and record keeping also become simpler thanks to the immutable nature of blockchain. The global smart contracts market was valued at $397.8 million in 2022 and is anticipated to reach $1.46 billion by 2029. All sectors stand to benefit from this growth. The 2016 Capgemini report “Smart Contracts in Financial Services: Getting from Hype to Reality”, for example, showed US mortgage banks and UK motor insurers could save $6 billion and $1.67 billion, respectively. Faster trade settlements could also generate an extra $2 -$7 billion annually in global increased fee income for investment banks. Given these benefits and the ongoing trend towards network organisations, many organisations becoming at least DAO-like is not just likely, but inevitable.
Conclusion
Blockchain and Decentralised Autonomous Organisations (DAOs) represent profound shifts in business conduct. DAOs, with their decentralised decision-making and value distribution, signal the maturity of network organisations, promising increased efficiency and fairness. As DAO-like structures become more prevalent, they shape an inevitable decentralised future. Consequently, businesses must harness the disruptive potential of blockchain and DAOs, laying the groundwork for their success in this transformative landscape. As we embrace the potential of blockchain and smart contracts in DAOs, the path to a decentralised and agile future for businesses becomes clearer.
--
For the full article and reference list, visit my blog at disintermediate.global/blog/…
To understand why this is the case, one must consider how different forms of organisation interact. When a form emerges, the new undermines the old. The resultant clash of paradigms creates friction. Older forms of organisation will seek to crush or coopt the new by restricting how and where value can flow into this new form.
If a previous form can limit access or growth, maturation will slow or even halt. In the case of network organisations, they need dense and reliable information and value flows - needs which also undermine institutional hierarchies. Through blockchain and smart contracts, removing restrictions from all value flows is possible, allowing network organisations to develop outside existing power structures.
Why many organisations will deploy DAO-like structures
Businesses already understand the positive impact of these developments. The 2020 McKinsey report “Enterprise Agility: Buzz or Business Impact”, highlights that many organisations already implement DAO-like structures through “agile organisations”. These internal value networks allow organisations to redirect their people and priorities toward value-creation with a strong backbone providing stability for development and scale. With blockchain and smart contracts, that backbone can be decentralised and automated, further empowering the network of teams in their work.
These changes can significantly impact the bottom line. Business processes can be automated, and smart contracts can reduce management costs. Compliance and record keeping also become simpler thanks to the immutable nature of blockchain. The global smart contracts market was valued at $397.8 million in 2022 and is anticipated to reach $1.46 billion by 2029. All sectors stand to benefit from this growth. The 2016 Capgemini report “Smart Contracts in Financial Services: Getting from Hype to Reality”, for example, showed US mortgage banks and UK motor insurers could save $6 billion and $1.67 billion, respectively. Faster trade settlements could also generate an extra $2 -$7 billion annually in global increased fee income for investment banks. Given these benefits and the ongoing trend towards network organisations, many organisations becoming at least DAO-like is not just likely, but inevitable.
Conclusion
Blockchain and Decentralised Autonomous Organisations (DAOs) represent profound shifts in business conduct. DAOs, with their decentralised decision-making and value distribution, signal the maturity of network organisations, promising increased efficiency and fairness. As DAO-like structures become more prevalent, they shape an inevitable decentralised future. Consequently, businesses must harness the disruptive potential of blockchain and DAOs, laying the groundwork for their success in this transformative landscape. As we embrace the potential of blockchain and smart contracts in DAOs, the path to a decentralised and agile future for businesses becomes clearer.
--
For the full article and reference list, visit my blog at disintermediate.global/blog/…
Asymmetry
Photo
bbaldieri (Twitter)
So I've gone full circle and come back to @SubstackInc
Firstly, I have no idea how to handle SEO etc.
Secondly, network effects and suggested publications have meant my old substack grew faster than both Ghost and my blog.
Third, better UX.
Here's my new publication: The Network Economy.
I’ll be posting once a week, minimum.
All articles will be referenced from primary sources wherever possible.
If an argument is being explored, I’ll present both sides.
I run a blockchain education company from disintermediate.global, and am the academic co-director of the Zigurat Blockchain Master’s program, so some content will be blockchain-focused.
I’m also the community officer for @polity_network, so some content will be #DeWealth focused.
Check it out. thenetworkeconomy.substack.c…
So I've gone full circle and come back to @SubstackInc
Firstly, I have no idea how to handle SEO etc.
Secondly, network effects and suggested publications have meant my old substack grew faster than both Ghost and my blog.
Third, better UX.
Here's my new publication: The Network Economy.
I’ll be posting once a week, minimum.
All articles will be referenced from primary sources wherever possible.
If an argument is being explored, I’ll present both sides.
I run a blockchain education company from disintermediate.global, and am the academic co-director of the Zigurat Blockchain Master’s program, so some content will be blockchain-focused.
I’m also the community officer for @polity_network, so some content will be #DeWealth focused.
Check it out. thenetworkeconomy.substack.c…