Decenomy’s Inititator, Urs Schwinger, recently shed light on the company’s approach to blockchain technology, highlighting the need for solutions that address fundamental economic issues.
Thank you for reading this post, don't forget to subscribe!Schwinger argues that many blockchain solutions prioritize technical innovation over addressing fundamental economic problems. He underscores Decenomy’s commitment to principles championed by Milton Friedman’s monetarism, such as control over the money supply and its value within the economic system.
The interview also considers the challenges of integrating blockchain systems. While Schwinger acknowledges that the technical aspects are manageable, the biggest hurdle lies in defining roles – bridging the gap between technical specialists and economic experts is crucial. Smart contracts, for instance, necessitate legal expertise. Programmers need to understand legal frameworks, and lawyers must grasp the intricacies of smart contract functionality.
Creating a functional economic space is another key focus for Decenomy. The goal is to establish an environment where users can leverage the platform’s 18 existing coins. Decenomy positions itself as a platform provider, building tools and establishing rules for decentralized interaction. Schwinger clarifies that Decenomy itself remains a platform provider, not a participant in the economic activity it enables. It provides the infrastructure – the tools and rules – that govern decentralized interactions.
In general, Schwinger advocates for a more grounded approach to blockchain technology. Decenomy prioritizes solving real economic problems and fosters a collaborative environment where technical and economic expertise converge.
