IEEE Blockchain Chair Urges Speedy, Collaborative Open Metaverse Deployment (Before Mass Dissent Erupts)

Excellent questions from Alison McDowell during the conference:

I was wondering if people are aware of the plans in ESG global finance to leverage “human capital” as a backing for “complementary currencies?” The “quality” of the human capital portfolio will relate to the blockchain twin avatar of the person and of the community. Optimization around mobility in poverty tied to tokenized behaviors in Internet of Bodies surveillance is not far off. Look at Learning Economy’s new proposal for Learn Card digital wallets working with World Bank and Brookings.

Also, what are your positions on the Japan Science and Technology Agency’s Moonshot Goal 1 – Society 5.0, Cyborg Avatar Capitalism? The US Department of Energy and the NSF and many tech companies are part of this effort to push us into “avatar” life. I don’t think people recognize that as a new empire built on military tech and steeped in behavioral psychology. Immersive reality is an open air prison / Skinner Box. If the story is good enough, they think we won’t resist it.

Augmented reality in my city, Philadelphia where Cesium is based, is advancing with support from Niantic. Niantic, of course, is a program of In-Q-Tel, the venture capital arm of the CIA. Do we want to live in the CIA’s video game of “good behavior” aligned to the UN SDGs – under satellite / drone surveillance with nano-tech?

In a tokenized world the data can be “private,” but with Ricardian contracts machine rules will govern how we interact with the built environment and other people. Think Black Mirror’s “Nosedive” episode – Intel and MIT’s Secret Network.

Look into the Impact Management Project – they are developing new forms of debt finance products tied to behavioral data in education, health, justice, food, housing, etc. Once those smart impact bonds are securitized vulnerable people will be pushed into a mixed reality “game.” Global hedge funds can literally bet on life outcomes – toddlers, people in addiction, those who are housing and food insecure. These funds can bet AGAINST people.

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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