first class representations of regulation in code • There is no API to do customs checks • We ignore regulation because representing it is too hard • Climb that hill: it is time to do this
single backpack and maybe shoes • We talk “supply chain” but the sheer physicality of the real world is missing • The blockchain is an excellent match for the real world: scarce is scarce
your tools, your food travels • Most finance is, in the final analysis, resolved into physical matter + services • Even digital production still happens in studios: Pinewood is 200 acres
right • Metadata like insurance hitches a ride • Freight moves on a global robologistics network; bills of lading are still on paper • Is it legal to import bananas to Brazil?
of physical space • We have great maps of “ledger space” • We have zero maps of regulatory space • Our self driving cars cannot drive until they know the law: the car must be lawful • The same is true for our robologistics grid
parses two humans making a deal • Template smart contract / regulator check • Deal is recorded as a smart contract • Payment triggers shipping by robologistics • Each logistical step is recorded on chain • Impact: goods arrive on verbal command
• Pre-existing service contract is the template • Amazon owns its own robologistics grid • Is this a natural monopoly, or a competitive bazaar? • Can the blockchain turn monopolies into marketplaces? Much depends on this!