(Lecture / Workshop) 29/05 2016 18:00 @ Raum 115
New Companies on the Block
Corporations are people, one would generally assume. What if not? What if a recent paradigm shift has unleashed the full cyberneticization of trade? Can a decentralized autonomous corporation be truly autonomous? And if they can; What do these new decentralized companies running on the world computer want? Over the course of the last 6 years a strange, almost mystical technology has appeared in our midst, known as the blockchain. Born as Bitcoin, a decentralized digital currency, described in a white paper, and unleashed on the world in code by the pseudonymous and AWOL Satoshi Nakamoto. Having recently achieved the acceptance of regulators and investors, the inception of its upgrade Ethereum, “the world computer” in 2015, could signal a change in sentiment. Rebuilt from the ground up and designed as a distributed blockchain based platform focused on planetary scale computation, smart contracts and decentralized autonomous organisations. Its creation has significant implications for bitcoin’s initial promise of disintermediating nation states and monetary markets.Despite being less than a year old this platform has already seen the deployment of multiple decentralized autonomous organizations (DAOs) and decentralized apps. Raising the question of What happens when legal paragraphs and mission statements turn into code? What about questions of ownership, jurisdiction and legal liability? Taxes? Subsidies? And what are the latent possibilities for wide scale adoption of code based organisations that are registered nowhere, and available everywhere? Ben Vickers will discuss new digital infrastructures and their social and political effects.