The Collaboration Problem

May 05, 2019

Evolution tends to move towards more collaboration. As humans evolved, they learned to collaborate on an ever increasing scale. This led to the creation of all sorts of economies around the world.

An economy can be understood as a collaborative effort where people from different spheres of life come together to facilitate the exchange of goods, services, and experiences among others.

As the technology evolved, humans learned to connect these complex cooperative structures thus forming an interlinked structure, which we call today the Global economy. To hold this interlinked structure, pillars were built. These pillars were social institutions which held the structure firmly to the ground. Over time the overall structure became too complex for these pillars to hold their weight and they started to develop cracks.

A major crack was witnessed in the year 2008, which led to the global financial crisis. This crack was fixed by the governments around the world by bailing out the banks. Suddenly a major weakness in these pillars was seen by the public in large and it was clear that this fix was temporary and something else was also required. These pillars were failing because humanity did not have the right tools to collaborate on a global scale thus leading to the collaboration problem.

Along with the financial crisis, 2008 also saw the invention of Bitcoin, a decentralized protocol, which enabled us, for the first time, to keep a record of facts over time in a cryptographic ledger which is immutable and can be verified by anyone in the world.

Cryptocurrency, along with its underlying technology, the blockchain, gives us the tools to build a resilient structure which can supports the existing pillars in keeping the global economy stable and inclusive to everyone, thus solving the collaboration problem.

When used in a right way, these tools can enable us to build systems which take our human nature in account and functions in such way that restores the harmony back and allow us to maximize the human experience.