Blockchain technology is new even after a decade of being introduced. Its popularity has been enhanced, to a large extent, by the successful adoption of its applications in different sectors.
Interest in blockchain technology has increased profoundly in recent years and more and more companies are incorporating this technology.
In a survey by PwC of 60 executives from 15 countries, 84% of them say that their companies have some kind of project related to this technology. Moreover, the consulting firm Gartner estimates that, in 2030, Blockchain will generate a value of more than 3 trillion dollars a year.
Furthermore, in their study, they also predict that by 2030 between 10% and 20% of the infrastructure that supports the functioning of the world economy will operate on blockchain-based systems. Another interesting data point is that 84% of managers said that they had blockchain-based projects in place.
CommonShare Co-Founder Martin Smith and Jahed Momand sit down with Nathan Schneider for the first episode to discuss the future of blockchain governance, DAO’s, and the exciting concept of economic governance.
The Concept of Ownership Economy
Ownership economy is where employees have a stake in the company, such as stock or stock options. Recently, this has referred to blockchain-based ventures where employees within a company can earn capital via crypto tokens to be converted to cash.
Strictly speaking, participants are those who can own and control the business, making them co-owners. This would implement a bottom-up strategy, where workers would have a say in the decision-making processes of the corporation and would benefit from its activity.
In addition, this would allow people that are not necessarily wealthy to participate in the success of the company, increasing morale, and ultimately making the company more attractive overall for large investments to take place. Most people don’t have access to large capital. Through effective policies, the non-wealthy can access capital, and come together to build a valuable company.
CommonShare allows sustainable companies, standard owners, and certification bodies to participate in the creation of data on the site. These entities can claim their profiles and actively participate in building a transparent market of sustainable products. They participate in defining what sustainability means.
CommonShare advocates for transparent and traceable supply chains. In the same way that blockchain technologies are traceable, CommonShare makes sustainable products traceable throughout the whole supply chain.
About Nathan Schneider
Nathan Schneider is a journalist, academic, and bestselling author. He’s also Assistant Professor of Media Studies at UC-Boulder, the co-author of Exit to Community, and Principal Investigator of the Metagovernance Project.