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Two significant innovations underpin Bitcoin: a technological one, namely the public and distributed ledger technology called “blockchain,” which securely maintains an immutable record of all user transactions, and an organizational innovation, namely, the existence of an open network of users with special roles and rights called “miners”, who lend... See more

Blockchains are not simply about money. The modern-day alchemists who minted Bitcoin and other digital assets have animated a generation of technologists to reimagine how the financial and commercial world operates. The vision that these technologists aim to bring to fruition is not just about payment systems and other financial instruments. Large ... See more

There are still issues that need to be addressed related to using blockchain, as the technical infrastructure for coops in regards to establishing identity to facilitate the cooperative mantra of “one member, one vote” or disincentivizing bad actors with large amounts of capital to purchase governance rights in what is meant to be a coop on the cry... See more

Blockchain-enforced execution of agreed contracts using consensus and transparency can, in numerous cases, reduce the need for the bureaucratic and hierarchical layers—the slow processes of legal and social recourse—that usually exist to coordinate humans to make decisions together.

-Cryptonetworks and decentralized autonomous organizations (DAOs) as the future of internet-native co-ops: Such networks address two major issues that have prevented traditional cooperative businesses from becoming pervasive: access to capital and complexity of governance. With the issuance of a token, cryptonetworks can benefit from market specula... See more