Implications of a machine economy

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Nature as inspiration for the world’s largest Hackathon

In April 2018 the largest blockchain hackathon in the world will be organized in the Netherlands by Blockchaingers. On 8 February a Deep Dive was held in Amsterdam for the track Machine to Machine economy (M2M) to prepare and excite the teams and other interests parties. I was asked to inspire the participants with a few examples from nature. All speakers at the Deep Dive can be seen in this...

The importance of free value transactions for renewable energy grids

The energy grid is experiencing problems in dealing with the increase in production of renewable energy. There’s a common argument against solar panels and wind turbines. They produce energy when the sun shines or the wind blows, but not necessarily when we want to use it. Luckily the ever-increasing fleet of electrical cars – including hybrids – can help solve that problem, now and in the...

The implementation of a feeless transaction system

One of the key features of IOTA is that there is no transaction fee. It is designed for micro transaction on the Internet of Things. This opens up a lot of possibilities (more on this in future posts). The problem however is, that as long as IOTA transactions are benchmarked against fiat money we are not able to reap the full benefits. Exchange rate risk premiums could counteract the feeless...

On IOTA as a currency replacement

What cryptocurrency has the highest chance of replacing traditional currencies in the future? Is it Bitcoin or some other ones? In my opinion IOTA – Next Generation Blockchain stands a good chance. Better than Bitcoin, although I don’t believe traditional currencies will be replaced anytime soon. Traditional currencies have certain problems, which Satoshi Nakamoto tried to solve with...

Implications of a machine economy