title: thinking about IA 2.0 tags: technology walkaway date: 2015-12-01

A lot of this is based on experimental technology, but I think it shows a lot of promise.

Ethereum is a next-generation blockchain technology, much like Bitcoin, but, in addition to validating transactions, the network allows you to create programs that execute deterministically accross all nodes. In other words, you can create self-enforcing smart contracts and distributed autonomous organizations (DAO). There is also native support for custom crypto-currencies on top of the Ethereum blockchain. Even if the idea of a custom currency isn't appealing, there is a project to create a bridge that allows Ethereum programs to receive payment in Bitcoin.

These blockchain technologies are creating a way for people and organizations to step outside of borders and remove artificial barriers. Obviously, we have to acknowledge the powers that be, pay applicable taxes, &c., but that might only be necessary on a personal level (if we set things up correctly). Bitcoin, especially, is trivial to convert to fiat currency. Coinbase even offers a Bitcoin Debit Card.

Ethereum could provide us with a secure, globally distributed, and verified platform for funding and approving projects. A DAO could easily count the votes (which would be verified using secure, audit-able tokens) and generate a new smart contract (or DAO, depending on the project) that can manage its own funds and authorize assigned members to spend monies in an agreed-upon fashion.