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Posts in Category: business

Rockets on the Blockchain

The time has come for missile accountability.

OH-58 firing Hellfire missile during Operation BrownThe recent stories of the Hellfire Missiles turning up on a Serbian passenger airliner and of Cuba returning a missing, albeit dummy Hellfire Missile to the US got me thinking. Governments and arms manufacturers are far too murky in the ownership and movements of weapons and ammunition.

Now there may be some excuse for hiding munitions for reasons of security, but consider this. The argument for nuclear weapons goes along the lines of, "if the other side know we've got them they won't attack us". So point one, it should be a positive boon to promote and publicize a nations armory to scare the pants off the enemy. This is why nearly every country from Russian to North Korea, from Spain to Japan has military parades.

The nuclear non-proliferation treaty was introduced " to prevent the spread of nuclear weapons and weapons technology, to promote cooperation in the peaceful uses of nuclear energy, and to further the goal of achieving nuclear disarmament and general and complete disarmament" which is a worthy aim. This involves weapons inspection and monitoring - point 2, what gets measured gets managed. So why not, given that we have the technology, extend the measuring a monitoring of weapons of mass destruction to weapons that are not massively destructive but can nonetheless make a right mess of a city block?

Initially I can see arms manufactures poo pooing this idea, since arms sales has always been a bit cloak and dagger. However I really think that cleaning up the arms industry and making it more accountable may actually grow their profits.

Lets sketch a scenario as to how this might work, using our $110,000 Hellfire missile as an example. Suppose we legislate such that each missile manufactured has to be given a unique identity number that has an entry on a blockchain specially created for the purpose. When the missile is sold or resold, the transaction is noted on the blockchain so at any time we know who is responsible for the missile. Now suppose we have a means of determining where the missile eventually detonates so this too is recorded on the blockchain. There are a number of ways to do this. I'm sure the technology used to launch the missile records this data anyway, but if not it would be trivial (compared with the cost of the missile) to build in the functionality to transmit the GPS location of the point of the explosion. We then have cradle-to-grave tracking for the life and death of the missile.

Lets consider some of the implications of this. Firstly, because the damage caused by the missile is tied by the blockchain to the current owner, countries and arms dealers will be far less likely to engage in sales to nations with arms embargoes as the identity of the seller will be clear. The manufacturer can point to the blockchain and say nothing to do with us - this missile was sold illegally. Also the owner of the target, be it a country or even a surviving individual (perhaps the absentee owner of a destroyed building) will have redress. The blockchain will allow a victim to see who owned the missile and should the action be illegal, make a claim for damages. If however the weapon is used legally, the owner can use the blockchain to easily get an ROI on each missile. This could play a big part in reducing a nation's arms budget - costing death and destruction against initial outlay to identify the most profitable weapons.

This may at first seem an extreme departure from the haphazard way warfare has been conducted in the past - call it the 'lob it and see' approach. When one thinks about it though, many countries track livestock to counter foot and mouth and BSE, so it seems perverse NOT to track an object such as a missile that costs hundreds of thousands of times more and is capable of wreaking such extensive damage.

My example uses a missile, as these are weighty easily identifiable objects. In the future though similar blockchains could be set up for a whole manner of different types of armament, perhaps one day to the level of individual bullets.

For the arms manufacturers, selling accountability opens up a whole new industry for them. In a way it justifies the sale of weapons in peacetime. They can make the claim that they are being responsible, providing an audit trail that protects innocent civilians from the misuse of their products. The Internet of Things, of which this is really a part, is being described as the next big thing, and security is central to the platform. If we can persuade weapons manufactures that to be early adopters of this technology can not only increase their profits but sanitize and improve the image of their industry, we just may make the world a safer place at the same time!

 

I loved Jurassic Park

Michael Archer: How we'll resurrect the gastric brooding frog stimulates a debate on the ethics of evelution

Like so many people I was entranced when Jurassic Park hinted that there will come a time when extinct species will be reanimated. The book and film suggest this will be a bad thing. I've always had a theory that your views on evolution reveal a lot about your politics.

Consider for example that someone breaks into your house and steals something. If the government of the day gave you an option to terminate that persons life so as to stop future burglaries, would you think that is a good or a bad thing? It's interesting because there is no evidence that this person has any genetic code that makes them a burglar nor what degree of social stress or environmental upbringing let them to the action for which you could execute them.

Right wing people tend towards eugenics because of a simplistic view of evolution where nature does her work, the weak are culled and the strong survive.

This is probably how it has been for all of time, the fittest have survived because the have been victims or victors or opportunity. The thing about humans in the 21st century is that we have the power to change that. Our purpose should not be to seek the ultimate survival race but instead chase the ultimate diversity. We need to look at all providing an environment for as many of the variations presented to us by DNA as we can find and populate the universe with the most appropriate lifeforms.

Capitalism really should not be killing the poor in the third world - it should be creating lichens on Neptune.

View User Profile for Admin #Andalucia evangelist, social marketer, musician, guitar technician, reformed estate agent, recovering programmer, political disruptor - yup that's me!

Four Entrepreneur Risks

There are four main risk areas when setting up a new business.

Most new businesses fail. Google the stats as they are in your country but it's a big number - 90%  of businesses starting in 2013 won't be here in 2018.

The fact is that new business startups are vulnerable risky ventures. If you're starting up a new business it helps to do a risk assessment as part of your business plan.

Risk can be divided into four main areas, product risk, financial risk, team risk and market risk.

The trick is to realise that the first three are much more predictable and controlable than the latter. Of the four types of risk, market risk is more volatile.

Financial risk can be managed with budegeting, team risk mitigated with flexible empoyment policy, even product risk to a great extent minimised with good R&D and QC. The market knows no master, so it's dynamics will always be the one thing you can't control.

The logical thing to do then is to test the market as soon as you can before you spend much on product, team or borrow finance. Use models and test extensively before scaling up your product offering so you can determine the size, shape and demand of the market place as early as you can.

View User Profile for Admin #Andalucia evangelist, social marketer, musician, guitar technician, reformed estate agent, recovering programmer, political disruptor - yup that's me!