Imminent global technological, social and economic disruptions enabled and caused by blockchain technology: Introduction

4년 전

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As I write this, the market capitalisation of "cryptocurrencies", including Bitcoin, is nearing $700B USD. That is a significant amount of money in what must either be a huge investment bubble, or a representation of the faith many people have in the disruptive power of blockchain technologies to impact across the global economy.

I have absolutely no doubt that this technology will bring disruptive change on a massive scale to the world over the coming years.

Here's something you probably don't know about me. I have extensive experience writing and rolling out innovation policy in a government setting. So that means I know a bit about theories of innovation and what governments and businesses think they can do to harness it for economic and technological gain.

But how does blockchain technology and cryptocurrency fit with received innovation theories? Is crypto even disrupting processes of innovation? And what does this technology mean for the world?

These are complicated questions, but the short answer is that we are already in the beginning phases of disruptive innovation from blockchain technology across a number of social and economic sectors (for a definition of disruptive innovation check out the fabulous wikipedia

The longer answer to these questions will be a series of posts I will write over the coming week(s) noting the different threads of the current technological (r)evolution enabled by blockchain technology. Using some creative leaps I will draw these strands together to see the emerging patterns and explore some early findings.

Sounds fun doesn't it?

Call this the introduction. And just to whet the appetite here is a draft table of contents of the papers to follow (see, I really do have a PhD).

1. Background: The cryptocraze

  • Bitcoin
  • Altcoins
  • A speculative bubble?

2. What's really going on?

  • Geopolitics
  • Disrupting established business models and practices:
    ** Finance
    ** Innovation: start-ups, angel investing and venture capital
    ** Technology

3. What does it mean?

  • Where to from here?
  • How should governments respond?
  • How should business respond?

As this table of contents is a draft I expect it to change and expand as my ideas are developed.

Please keep an eye on my blog for future instalments.

Thanks for reading, sharing and commenting.


Photo courtesy of

@drwom has an extensive background in innovation, especially working with businesses and sector leaders to formulate and roll-out innovation policy on a state-wide government level.



@drwom footer by the awesome @ryivhnn !!

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I'd really love to hear more about your government/policy/public affairs background. I've been writing under the #blockchain-theory tag for a few months, and I keep returning to the question of information infrastructure when I want to ground the theory in something more tangible. I'm guessing you haven't written elsewhere about it, since you're being a bit coy here ("Here's something you probably don't know about me.").

If you don't have any writing on this floating around online—Steemit or elsewhere—let me speak up for the market: I want you to produce that writing!

-brian (I like to use my real name on a first comment)


And thanks for the kind words 🙂


Hey Spectrums
Love your work!

In my opinion, crypto will grow to complement current financial services, rather than replace them. Cryptocurrencies like IOTA will help foster the IOT revolution, while technologies like Ripple will help make current banking services more cost effective. Cryptocurrencies like Ethereum, which allow the creation of dapps, will lead to the creation of new and more innovative online businesses.

I'm mining with:
-Hashflare (cloud mining bitcoin) (i prefer it )
-Genesis Mining (3% promo with this link)
and trading on Binance for altcoin ! :p
made a lot this year :33


Good for you!

Have a great 2018!

Very good post, doing, I like it very much, want a better post, ASDPN

I'll be looking forward to this series of posts and your interpretation of events. Thanks.


I posted the second in the series yesterday 🙃


Enjoyed it. Keep the excellence coming.

  ·  4년 전

This is a very delicate issue. I would love to find answers to most of the questions raised.


I look forward to hearing your thoughts!

Cheers 🙂

I’ll be following this @drwom

I’ve studied innovation in the past and I find it really fascinating. I look forward to reading your posts!

Go Team Australia!


Thanks aghunter
It's getting more interesting by the day!