From tire emissions to ethical batteries to digital twins, heads from imperialcollege sat down with tomfarrencrypto to discuss how crypto can create the future the planet needs.
Peter Cheung:
A big issue in the sharing economy is the idea of being able to manage risk. The risk of someone not doing what they said they were going to do. For example, if you’re in a shared vehicle, it should be returned at a certain time, and if someone doesn’t do that, then it undermines the whole sharing concept.
It’s kind of a goofy example, but one of the great successes in humans interacting with technology is the coin in a shopping trolley. I remember when I was growing up in Ireland, there used to be shopping trolleys in every river. [To the room: I don’t know whether you remember that?]Then, someone had this great idea of putting a one-pound coin in the shopping trolley that you get back when you return it. You can create digital forms of that idea with Iota because of the feeless structure.
Ramachandran raised the point that phrases denoting the encouragement of artificial behavior change, such as nudging or incentivizing, can often be deemed to have negative, somewhat authoritarian connotations. But it was noted that it is important to distinguish what’s best for the collective and follow that with good intentions.“The DLT part of that story is really interesting because it talks about digital identity, ownership and new ways of nudging people using tokens.
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