[P2P-F] suggested for republication in p2p blog: open and shared supply chains + distributed ledgers + new accounting for contribution, flows in ecosystems of production, and matter/energy

[Michel Bauwens]

dear AM/Stacco,

see:

the infrastructure of the future, i.e. for sustainable and equitable
production within planetary boundaries: open and shared supply chains +
distributed ledgers + new accounting for contribution, flows in ecosystems
of production, and matter/energy

"Open source already means the cooperation and coordination of immaterial
production at global scale, but in order to shift this model to physical
production, it is necessary a particular kind of knowledge intermediation,
i.e. accounting, and this is where the blockchain revolution comes in, by
making possible global open and shared distributed ledgers where every
transaction for physical goods can be verified. Accounting is at the core
of civilization as it created the state system (the first writing found
where ledgers in the Temple states of Sumer), while double entry book
accounting, invented by Luca Pacioli, a Franciscan monk in 15th century
Venice, sees the world in terms of the growth and accumulation of private
assets, making possible the development of capitalism. Blockchain in this
respect can be seen as making possible new forms of digital accounting that
consist of ‘post-double-entry’ bookkeeping, namely: 1) open and
contributive accounting (such as practiced by the Canadian Sensorica
project), 2) REA (resource event action) ecosystem accounting, which let us
see flows in shared circular economies involving multiple players and 3)
biocapacity accounting, which is based on direct vision of the flows of
matter and energy and therefore not only financially driven. Open shared
ledgers are a key mutual coordination mechanism to shift open source
coordination from software to manufacturing. This contributive accounting
allows fairness, openness, transparency, security and environmental
friendliness. "

https://medium.com/predict/common-good-economics-and-blockchain-43a904d9b904

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