Worldcoin has been designed to address the concern that in a world saturated with artificial intelligence we are going to need a proof of humanness. As true as that might be, I believe we need to go much further. And also tackle truth in content.
Central Bank Digital Currencies (CBDCs) and the tokenization of private money deposits could revolutionize the financial system. Agustin Carstens suggests a unified digital ledger for both public and private digital money, enabling efficiencies like smart contracts and instant settlements. This approach could extend to tokenizing various assets, transforming governance by embedding compliance within transactions.
We need to think about creating “sufficiently decentralized” social networks. While decentralization offers more control to users, it has drawbacks - such as non-unique usernames across the network. If we can use smart contracts to create a decentralized name registry we might be able to balance user control and functionality, and create a more user-empowered internet.
We need to understand how Central Bank Digital Currencies (CBDCs) fit into the modern 2-tiered banking system. While CBDCs offer potential benefits, such as banking the unbanked, do we even need a CBDC in the Indian context.
There has been an evolution of ownership from physical objects to digital assets - despite the limitations of digital ownership. Flow, a new blockchain technology, and Cadence, a programming language, together may enable true ownership of digital assets, in a way that mirrors physical ownership.