Category: Innovation
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ICO Update: A Slowdown in Sight?
ICO data for last February is now available and shown in Figure 1 below. We can immediately see that both the number of ICOs and the total investment volume has decreased. The latter, which amounted to 1.2 billion USD for the month, is 20 percent less than the total for January this year. The same…
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Blockchain Technology and Human Development revisited
I was invited to Canada to discuss my blockchain technology paper. Here are my opening remarks at the panel organized by Government Affairs and IDRC. Speaking about a seemingly complex subject such as blockchains poses a challenge not only for me but also for you, the audience. More so when the time is scarce. It…
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An Overview of Blockchain Technology and Digital Identity
Like previous digital technologies, such as the Internet, blockchain technology (BCT) has been driven by a high degree of techno-optimism not yet backed by on the ground impact or reliable evidence. Undoubtedly, the technology, which is still in its infancy, has enormous potential in many sectors and could promote human development if harnessed strategically. One…
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Overall Perspectives on Technology
Disruptive, transformative and revolutionary are some adjectives commonly used to describe the potential impact of new and emerging technologies on society. Joblessness, human decay, and the Singularity sit on the opposite side, constantly reminding us of the darker side of technology. Indeed, there are two traditional approaches to the social impact of technology, which, despite…
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ICOs: Crowding-in Blockchains?
Nowadays, ICOs (or Initial Coin Offerings) are all the rage. Unlike traditional IPOs, ICOs allow startups to streamline the capital-raising process while at the same time enhancing the number of potential investors. While venture capital is still part of the equation, other non-traditional investors and stakeholders are more than welcome to join. How is this…
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Blockchain Mining: Competition and (de)Centralization
“One-CPU-one-vote.” 1 CPU stands for Central Processing Unit, nowadays also known as a microprocessor. From a governance perspective, this is perhaps one of the most interesting phrases included in the original Bitcoin paper penned by a still anonymous author. Could we then say the goal is to build a democracy of devices, a CPU-democracy where…
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Blockchain and the Future of Society
Alongside artificial intelligence and robotics, Blockchain technology is enjoying widespread popularity around the globe. The surrounding hype seems to increase by the minute. Pundits and supporters see a plethora of applications for the technology not limited just to the financial sector. But to the average person, Blockchain technology is mystifying, given its technical complexity. If you…
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App-based Car Services in Guadalajara
The last time I visited Guadalajara, Mexico, was in 2011. Jalisco’s Electoral Institute (IEPC in Spanish) invited me to take part in a seminar on technology and citizen participation. Gathering proceedings were published later on and are still available here. Back then, regular taxis were one of the main options for moving around the city. Cabs in…
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A “social” history of Bitcoin?
A recent article by one of its lead developers argues that Bitcoin, defined as an experiment, has utterly failed. While the initial concept was to develop a form of digital money that was completely decentralized and autonomous from any bank or institution, today, Bitcoin is controlled by a few people. Besides, Bitcoin technology has now…