As blockchain and DLTs technology makes its presence felt strongly in many industries like finance and banking, this study investigates the business case for the application to social impact bonds (SIBs). Technological innovation in general, and distributed ledger technology (DLT) in particular, could become a game changer in the development of new social impact bonds sector. This paper discusses the potential impact of DLT on SIBs market and the potential scenarios of DLT adoption. Alongside presenting a strengths, weaknesses, opportunities, and threats analysis (SWOT), the study exhibits the requirements for and steps toward a SIBs structure facilitated by blockchain technology.
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Blockchains draw everything they touch into a market logic. Is resistance possible?Activist and artistic engagements with blockchain technology point to (at least) threedifferent sets of tactics that aim to subvert this affordance of the technology. The firstis part of an accellerationist logic: riding the waves of capital until capitalism finallycrashes, funding alternative values with whatever profit was accrued while it lasted.The second are part of prefigurative politics: building alternative blockchain systems,often in the form of decentralized autonomous organizations, or DAOs, that perform adifferent kind of politics and social organization, for example cooperativism or self-organized art funding. Then, there are those that explore how blockchain’s logics canbe subverted to make space for different ways of relating in non-financial and more-than-human ways. In this short essay I would like to focus on this third tactic, and toexplore what it might mean, I've been inspired by Patricia de Vries’ take on “plot workas an artistic praxis” (2022) that builds on decolonial theorist Sylvia Wynter describedas “the plot system” that represented small, imperfect corners of relative self-deter-mination within the larger context of colonial plantations (Wynter 1971, 96). De Vriesasks how artistic work, implicated as it is in institutional and capitalist logics, can per-form plot work to create space for relating outside of those logics. But before I adressthis question, it is important to understand what Wynter understands as the logic ofthe plantation.
The current standard in accounting practice is the double-entry approach. Basis of the double-entry approach is that every financial event brings two equal and offsetting entries. Since these financial events are not automatically confirmed by both parties, the accounting quality can be improved. The blockchain mechanism possibly offers a different take on accounting. Based on an experimentation approach, data was collected to compare the double-entry method with the blockchain-based triple-entry method. The results show that the main difference concerns determining the completeness of the financial statement items. In the situation of double-entry accounting, segregation of duties is applied to do so. In the blockchain situation, the underlying mechanism of the blockchain already ensures this.
BCLivinglab combines the supply chain and logistics physical infrastructure of training centres (ROCs), research institutes and companies throughout the Netherlands, with the expertise and virtual infrastructure of blockchain specialists from BlockLab. Companies, especially SMEs, in supply chain and logistics will use this unique combination of physical facilities and the expert network to experiment with and develop blockchain applications. BCLivinglab is easily accessible for companies, due to its close proximity (distributed facilities) and low threshold procedures. It will make blockchain technology accessible for companies, thus supporting innovation and improving the competitive advantage of the Dutch supply chain and logistics sector.
For the development of a circular economy and the reduction of the environmental impact of supply chains, the sharing of reliable information throughout the entire chain is a prerequisite. In practice, this is difficult to realise which blockchain can improve. BCLivingLab aims to explore the application of blockchain technology in supply chain and logistics. The project develops four physical hubs and a virtual repository for blockchain knowledge to support SME’s in developing use-cases and experiment with blockchain applications. The ambition is to build a community of interested stakeholders and to be involved in current and future blockchain initiatives.
For the development of a circular economy and the reduction of the environmental impact of supply chains, the sharing of reliable information throughout the entire chain is a prerequisite. In practice, this is difficult to realise which blockchain can improve. BCLivingLab aims to explore the application of blockchain technology in supply chain and logistics. The project develops four physical hubs and a virtual repository for blockchain knowledge to support SME’s in developing use-cases and experiment with blockchain applications. The ambition is to build a community of interested stakeholders and to be involved in current and future blockchain initiatives.
