Today we're joined by the innovation professor Jason Potts. I've wanted to have him on the show for a while, because he seems to be more clued into the technological changes that are transforming our world and the economic impacts they will have, than most economists I've come across.
Jason is a Distinguished Professor of Economics at RMIT University and Co-director of the Blockchain Innovation Hub at RMIT in Melbourne Australia. His research focuses on the economics of innovation and new technologies, economic evolution, institutional economics, and complexity economics. He has written 5 books and published over 80 articles on topics including growth theory, creative industries, economics of cities, innovation commons, and most recently on crypto-economics and blockchain.
One book in particular, Innovation Commons: The Origin of Economic Growth, served as the basis for half of this conversation. If you're an entrepreneur, policy-maker, or anyone interested in innovation in general, Jason's book, while perhaps more of an academic read, is worth checking out.
Jason is also an editor of the Journal of Institutional Economics, Vice President of the International Joseph A Schumpeter Society, as well as a member of the Steering Committee of the Australian government’s National Blockchain Roadmap.
In our conversation we cover:
If you've had any hesitancy or misgiving about blockchain technology in the past, Jason will likely change your mind.
A wideranging conversation on how blockchain technology can transform democracies, a new Proof of Humanity ID, and crypto UBI tokens.
Blockchain technology has potential to transform society. It’s described as ‘the trust machine’ – an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
Mike is the founder of IdeaMarkets, a stock market for credibility that's currently under development. His team hopes to align financial incentives with the credibility of publishers to help combat misinformation and to really make the truth pay for those who seek it.