Blockchain : a global infrastructure for distributed governance and local manufacturing.

Summary While most of these blockchain-based organizations have been—thus far—developed mostly to facilitate the coordination of individuals in the digital world, the possibilities provided by these new organisational structures can also be found in the physical world. Cities, municipalities and local communities can leverage the power of blockchain technology in order to increase transparency and accountability in many sectors of activities, while providing new opportunities for anyone to engage and participate in the local economy. Enabling local processes of production to reduce the impact of the current industrial globalisation is crucial, but enabling mechanisms to incentivise, accelerate and scale this process is fundamental and urgent. This is where blockchain technology could come at hand by creating an open platform and decentralized incentivization scheme that can be articulated between multiple stakeholders.