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Financial Services and Supply-Chain Management

The merging of physicality and digitality will transform many industries, including financial services and the supply chain management industry. Fundamentally, these industries are about assets and the management of their existence, interaction, contracting, transferring, coordinating,……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
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Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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Cybersecurity with the New Internet

Data security is a problem which is growing faster than the information technology industry itself. The current situation is not only costly but also completely unsustainable. We all pretend it is tolerable simply because no……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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Triple-Entry Accounting

Triple entry accounting was introduced by Ian Grigg in 2005 (Triple Entry Accounting, iang.org). Bitcoin blockchain is a perfect system on which triple-entry accounting can be implemented. This is not only because Bitcoin blockchain is……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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The Smart-Business Paradigm

A revolution in how business relationships, structures, organizations, assets, contracts, transactions, and records are created, managed, and serviced is happening, and people will soon notice. It is an important part of the biggest business revolution……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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Decentralized AI on Blockchain

AI needs to be decentralized and personalized and to do that, it will need a scalable public blockchain serving as a truth layer of a global data network that supports decentralized data ownership. What’s wrong……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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Limitless Applications

As shown in this book, the merging of physicality and digitality on the blockchain is the basis for the following transformations: Unlimited use cases are being made possible. Applications described in this part of the……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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Decentralization, a Widely Misunderstood Concept

The concept of decentralization has taken a central place in the context of Bitcoin, blockchain, crypto, and Web3. However, it has caused some of the most consequential misconceptions about Bitcoin and blockchain, leading to a common belief……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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References

Case, D. (shruggr). “OrdFS Server.” Github, 2023, https://github.com/shruggr/ordfs-server. Coase, R. H. “The Nature of the Firm.” Wiley Online Library, first published November 1937, https://onlinelibrary.wiley.com/doi/full/10.1111/j.1468-0335.1937.tb00002.x. Flach, J. “Polycentric Control.”  Wright State University, August, 2020, https://www.researchgate.net/publication/343482797_Subsidiary_and_Polycentric_Control Gao,……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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Proof-of-Work (PoW) is the Only Way to Prevent Corruption

Bitcoin builds the blockchain with a consensus mechanism called Proof-of-Work (PoW). The primary purpose of PoW is to implement a distributed timestamp server, which consists of a network of nodes competing and agreeing with each……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

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The Economics of Bitcoin Mining

While the world seems to be fixing its eyes on the bitcoin price charts, I watch a simple and mundane number: The per-block transaction fee/subsidy ratio on the Bitcoin blockchain. The fees/subsidy ratio is the……...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications 
Order on Amazon

Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies Order on Amazon (coming soon)

Already a member? Log in here