There is a lot of discussion about the future of job and how people are going to make a living in the future.
While there is debate about how things will turn out, one thing we know for sure is that more productivity is being automated. Major corporations are turning to AI and robotics to increase productivity. In short, we are seeing more money generated without human intervention.
I have wrote that Amazon's goal is to have a fully automated retail process. This means that from order-to-delivery, no humans are involved. Imagine the profitability that is generated from a system like this.
Tesla is seeking to do the same thing with car manufacturing. They are probably the most automated car company although they are not at 100%.
Yesterday, I posted about a car company that is 3D printing a car. Is there going to be a day when the multi-material technology of 3D printers gets to the point where an entire car can be printed?
It was announced that Ford purchased the two robots from Agility Robots. These are designed to work alongside people but, my view, moves like this are just the beginning.
As this idea expands into more industries, we are presented with a problem. How do we, as a society, handle it? This is the subject of the debate.
One of the topics gaining steam is the idea of a "robot tax". This is a tax, obviously, placed on robots that will raise money to compensate workers who are replaced. This, on the surface seems like a viable idea. However, it will only cause the companies to increase their price of their goods while also, potentially, slowing innovation.
At the core of this entire issue is who owns the proceeds from this automation. As the system is presently constructed, the main beneficiaries are those on Wall Street holding the stock. This is where the increase in wealth inequality keeps growing.
Essentially, automation is allowing the rich to get richer at a quicker pace. The amount of wealth that the average person is pulling out has steadily declines over the last few decades.
Thus, how do we create a system that provides ownership to all?
Simply put, this is where the decentralized autonomous organization (DAO) enters the picture. Cryptocurrency offers solutions to many of the problems being discussed yet few point to it as the answer.
A DAO, as the name infers, solves the automation problem since it is designed to be that way. Thus, instead of it being owned by the stock holders, tokens enable the users of the services also to profit from it. Of course, this is going to require a shift in thinking of people (and regulators) away from the typical "Security" mindset.
Ultimately, I think it vitally important that trailblazers in the crypto/blockchain industry begin their projects with the mindset of DAO. As automation becomes easier to accomplish, it is vital that everyone who uses the system has the opportunity to participate. This is why cryptocurrency is so vital, in my opinion, to the future of humanity.
Some say that Bitcoin is the first global DAO. That might well be the case yet it does present a problem. To get involved, one either needs to invest fiat into the token or spend a lot on mining hardware. The reward system is based upon mining which further isolates the masses.
Of course, many other options exist out there which can be built upon. The idea of rewards like distributed with Steem, Brave, and Karma projects show how we can get tokens in people's hands. The automation of these systems essentially produces a DAO that enables the users to be stakeholders.
As these projects get more people using them, if that is accomplished, the benefits of the automation will be spread to the thousands (and maybe millions) involved with them.
Imagine for a moment, Amazon as a DAO. Instead of the leader of the retail world generating proceeds for the elite few who are able to hold the stock, all who use Amazon are able to have a stake. Thus, as a fully autonomous entity, the value of it spread across to tens of millions of people. As the system grows and gain in efficiency, the benefits are felt by the user base as well as others who choose to hold the token.
Spread across the entire global economy, we would see a completely different economic situation. A lot of the debates would instantly subside. Cryptocurreny offers this potential when tied to DAOs.
Will we see it happen? It is going to be interesting to see how this approach matches up against the existing system and how the present power brokers try to maintain control.
The potential for something completely different exists. My only question is do we choose to implement it?
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