What is a DAO (Decentralised Autonomous Organisation)?
Ultimately it will define future business and company models.
In traditional companies, all employees/agents of the company have employment contracts that regulate their actives, power and relationships within the company. This contract is enforced by both the company and also the legal system of the country where the company is operating - so if anything goes wrong the legal contract will be pursued in court.
DAO's on the other hand are typified by blockchain technology to provide a secure and transparent digital ledger. They rely on smart contracts, or pre-programmed rules that describe what can happen in the system. The people within the organisation interact with each other according to a self enforcing open source protocol. Individual behaviour is incentivised through native tokens issued to the participants in the DAO. The tokens can be used as voting rights or to complete transactions - contributing towards any sort of decision that needs to be made and ensuring cryptographically guaranteed democracy. The transparent rules are enforced by machine consensus and there is only one governing law (the protocol/smart contract) regulating the behaviour of all network participants. All transactions of the organization are recorded and maintained on a blockchain.
In this system, not only is data transfer much faster and in real time, it also allows companies to operate without traditional hierarchical management. Trusted third parties can also be eliminated, thus simplifying all transactions i.e. the smart contract will define the rules and so there will be no need for interacting with law firms, financial P2P transactions can take place and so there will be no need for involving banks etc.
There are still big problems to overcome in both technology and mindset for this system to be effectively implemented in society and the smart contracts would have to be supported by a turing complete platform. But when solutions to these problems are found (and trust me they will be!!) the benefit to society and individuals will be profound!
Aubrey de Grey, Co-founder and Director of Science of SENS Research Foundation, is pioneering the way to living forever (Or for a really really long time!!) as he works to defeat biological ageing.
The SENS Research Foundation approaches ageing like this - the root of all problems with ageing bodies comes from decades or unrepaired damage to the cellular and molecular structures that make up the functional units of our tissues. SENS is working to develop regenerative medical therapies that remove, repair and replaced or render harmless the cellular and molecular damage that accumulates with the tissues overtime.
I guess if you really think about it - when our car breaks down we don't immediately trash the whole car, instead we find the specific problem and replace the specific part and then it is good to go again. Why don't we do the same with humans? This is what Aubrey is proposing.
Sometimes the idea of living past societies current accepted "old" age range can be hard to comprehend and even daunting. I am not saying that I would want to live forever, I think there is things beyond Earth and this life. However, what I do know is that as long as a have a clear purpose and the drive to achieve my mission and goals, I definitely want to live to see this through completely and not have to be haunted by the possibility that my journey may be cut short for diseases or health issues that in 100 years time will be as treatable as the common cold.
When I think of the future, I imagine all the amazing things that I would like to see - space exploration, huge technological advancements, type 2 civilisations, interplanetary species and so on and so on!! I don't see a problem with wanting to be around for those things - 2000 years ago people died at the age of 30 and it was considered 'normal'. It is inevitable that humans will continue to increase their years on Earth as modern medicine advances - I would like to be a part of that.
One thing that I still struggle to fully grasp about this world is the desire of the human race to live an incredibly comfortable, safe and ultimately 'cushy' life.
People seem to live only for the weekend and dread the Monday's and Tuesday's that will inevitably come every 5 days. By Sunday evening a certain amount of gloom intoxicates the atmosphere as everyone confronts their reality of facing another working week. Why is everyone so concerned about achieving a 'work-life' balance, getting 8-10 hours of sleep every night, waking up at a reasonable hour and most importantly spending Saturday nights relaxing?
Just thinking about the process of a normal week fills me with an unsettling feeling. Surely other people feel the same. In complete honesty I know for a fact that I will never ever be able to handle the so called '9 to 5'. That just seems way too crazy.
I would classify myself as a workaholic, but only because I am so extremely passionate about doing great things and building an incredible future - working in a normal company doing normal things won't ever allow for me to achieve these ambitions.
I want to jump out of bed every morning, or instead not want to go to sleep, and be filled with excitement for the adventure of the day. I want to be so invested in the project that I am working on that I forget the time and date and lose track of the rest of the world. This is what it takes to do really great things. You can't expect to change the world and still be up to date on the latest Netflix shows - it doesn't work like that. True hard work takes not only sacrifice but also a certain amount of insanity. Insanity because you have to be so strong in yourself and know your goals and trajectory so clearly that you will not let the words or actions of the world deter you. Instead you will keep pushing forward because you know that what you are doing is good and for better.
One film that I always like to rewatch is 'The men who stare at goats'. In an early scene George Clooney's character talks about the concept of optimum trajectory. He likens one's life path to a river and the importance of finding your destiny in life - if you don't you will always be swimming against the current. I am still trying to find my river, but at least I think I have a clear idea of where it is located. That location is somewhere crazy, ambitious, adventurous and undeniably passionate. If my future allows me to become a slightly insane individual then I won't complain - this will be my indicator!
"Optimum trajectory. Your life is like a river. And if you're aiming for a goal that isn't your destiny, ...you're always gonna be swimming against the current. Young Gandhi wants to be a stock-car driver? It's not gonna happen. Little Anne Frank wants to be a High School teacher. Tough titty Anne. That's not your destiny. But you will go on to move the hearts and minds of millions. Find out what your destiny is and the river will carry you." - Lyn Cassady
How crazy is this site! https://www.futuretimeline.net/
It allows you to almost ~accurately~ see into the future - a long way into the future!
They say that by 2070 picotechnology will be in operation. I am sure you have heard of nanotechnology, well picotechnology is a whole 3 orders of magnitude smaller than nano (On the scale of trillionths of a metre)! That might not sound like a lot but trust me when I say it makes a huge difference. Picotechnology will allow the structure of individual atoms to be altered via manipulation of energy states within the electrons. To give some scale, the size of an atom is to the size of an apple as the size of an apple is to the size of the Earth.. Manipulation at this incredibly tiny scale will allow for some crazy and exotic futuristic inventions.
Some of the craziest future predictions come at around 2200. There will be antimatter fuelled spaceships that can travel between 90-99% of the speed of light (One light year is 9.5 trillion kilometres). At this speed, reaching nearby stars won't be a hugely impossible or distant task and we will be able to travel to other Earth like planets several hundred light years away. Fuelled by antimatter the spaceship will also be able to use the released thrust energy to project 'forcefield' like structures around the craft and so protect it from potential meteoroid or space dust collisions.
Perhaps my most favourite prediction of the magnitude of extraordinary to come is set at the year 3100. At this time humanity is said to transform into a type 2 civilisation on the Kardashev scale. A Dyson sphere structure will be built - just like out of the Star Trek movies - with a radius stretching beyond the distance between the Earth and Jupiter. In basic terms a Dyson sphere can be likened to building a 'shell' around a star and allowing the sphere to harvest almost 100% of the energy from that star (Almost 386 septillion joules per second). The concept of a Dyson sphere was first introduced as a thought experiment by the physicist Freeman Dyson and was based on the fact that overtime civilisations increase their demand for energy. The European Space Agency's most powerful satellite, Gaia, is currently on the search for these alien megastructures. Who knows, maybe there is one already out there??
Helium 3 is a light isotope of helium, having 2 protons and only 1 neutron. It is the only stable isotope of any element with more protons than neutrons.
So what makes it so special?
All nuclear power plants on Earth use nuclear fission reactors, in which uranium nuclei are split, to release energy. Unfortunately, radioactive waster is also released through this process and needs to be safely stored. To stop the unwanted radioactive by product, scientists have been focusing on mastering nuclear fusion, which does not produce radioactivity and nuclear waste. Nuclear fusion reactors use hydrogen isotopes tritium and deuterium as fuel, with being energy released when their nuclei fuse to create helium and a neutron. However, the neutrons released here lead to a significant amount of energy being lost. A potential solution to this problem would be using helium 3 and deuterium as the fuels, which would in turn create helium and a proton. This would allow for an optimum situation with virtually no waste and no radiation.
HOWEVER... there is still one more big problem!
Helium 3 is extremely rare to source on Earth - there is a net supply of around 15 kg a year. The sun emits helium 3 within its solar winds but unfortunately the Earth's atmosphere prevents any actually arriving.
But, luckily for us, our closest neighbouring space object (The moon!) does not have an atmosphere and so contains an abundance of helium 3. It is estimated that there is around 1,000,000 metric tonnes. This is enough to power human energy needs for over 10, 000 years!
Extraterrestrial real estate is still an unrecognised standing and so owning anything that is not on Earth still doesn't hold any official weight. But imagine if you could buy a portion of the moon and set up a factory to mine helium 3 and harness this future energy solution... that would be a company worth starting!