A decentralized autonomous organization, also called DAO is an organization that is run by rules that are created by their members through a consensus process and then written into a set of contracts that are run via computer code, thus enabling the automated management of a distributed organization.
The information revolution of the past couple of decades has switched the flow of information and ideas from slow, linear and scarce to fast, networked and pervasive, giving rise to the potential for a society where knowledge and its usage is the central resource; a new form of innovation economy based on knowledge and its application through information systems. Today the most important inputs to the core economic activities, of the most advanced economies, are widely distributed in the population
The information revolution is often identified as the most profound driver of change in our world today enabling an ongoing disruptive transformation in the deep structure to our Industrial Age social institutions as we move further into the 21st century. Information technology has unleashed the most radical force of our time, hyperconnectivity, that is reshaping all areas of our technology, economy and social institutions according to a new set of rules, those of access, network structure
The early days of the internet - when we were still imagining what the future information society might look like - have given way to the new reality of social platforms, as online digital platforms have risen to dominate social interaction on the internet.
The world is changing rapidly and the internet is fast entering a new technological era as web 2.0 gives way to an emerging set of blockchain technologies
From communism to capitalism and virtually every kind of socio-economic system of organization in-between there has been the same underlining principle, that only formal closed institutions could coordinate social systems and generate value at scale.
We live in interesting times, one that is often contextualized as being a transition period as on the one hand our traditional industrial age systems of organization reach the end of their life cycle, show signs of faulting and becoming redundant, while on the other new networked information based systems of origination are being born and this chasm between the two is nowhere more prominent than within the domain of social go
In the past few decades information technology has networked our world, a world that was in many ways defined and held together by its boarders and boundaries. Boundaries to countries, boundaries to organizations, boundaries to ourselves are all being radically disrupted by the omnipresence of connectivity as it drives convergence. Today the very nature of technology is itself changing, in its pervasiveness, in its degree of interconnectivity, in its proximity, in speed and scale. These boundaries that were once fixed, that allowed us to interpret and give structure to our world, are through hyperconnectivity becoming eroded and fuzzy. Building conceptual interpretations for this brave new world of convergence, a world without boarders, is something we have yet to achieve. As we do the same reoccurring tensions and contrasts between the martial world of space, place and boundaries and the dematerialized world of hyperconnectivity and convergence continue to play out through a plurality of different themes
In this video we look at the cultural dimension to globalization and the emergence of a global culture. Cultural globalization refers to the transmission of ideas, meanings and values around the world in such a way as to extend and intensify social relations.
