Column (Professor CHO Byung-wan), “Blockchain Communism” in the era of Industry 4.0

In most contemporary democracies, direct voting is the most important fundamental right in delegative democracy because voting shows the will of the people to participate in politics. In the past, however, due to limited transportation and communication, a local community was a medium of a political system that involved regional and local councilors.

The Fourth Industrial Revolution changed the landscape as all information, regions, and people are hyper-connected, transcending the boundaries of time and space. Now the era of people’s sovereignty should arrive; problems stemming from centralized politics should be overcome with reliable and transparent distributed information, and participation in society should be compensated with coin in blockchain network.

Under the contemporary political system in the country, one cannot become an active player for four years after voting for a representative. A voter then becomes a spectator.

Mobile voting based on a centralized database that directly inquires the voters’ choice, which shows the structural limitation of representative democracy because in mobile voting, modification or deletion can be made. There is no way to prevent a “Big Brother” from manipulating data, leading to lack of trust.

Blockchain voting is different because it cannot be modified or deleted. The system is transparent. Anyone can monitor voting process, and aggregate or verify results.

Therefore, it is possible to eliminate the shortcomings of centralized power of a democratic government (a chairman), which consists of legislative, administrative, and judiciary branches. It is also possible to avoid the balance of power owned by lords as under feudalism.

It can also prevent centralization of information and monopoly of business which can lead to authoritarian communist rule or corruption among high-ranking officials.

Based on the Internet of Things in the Fourth Industrial Revolution, digital ecosystem can lead to hyper-connection. In each block of the blockchain, fair and transparent business and policy without intermediaries are possible through prediction and optimal decision-making of AI deep learning.

Blockchain communism refers to a political system in which diligent communist members or citizens are rewarded with cryptocurrency token.

In participatory blockchain communism, economic returns of related business and national policies are automatically distributed according to performance of workers who participate and follow communist philosophy based on Proof of Work and Smart Contract. Furthermore, more money can be used for people when it becomes budget of a communist state instead of being used in corruption, fraud, or bribery. In this, the state should become a state of a transparent and open blockchain society.

Therefore, the ICBM (IoT, Cloud, Big Data, and Mobile) Platform of the Fourth Industrial Revolution can make everything hyper-connected, and can revolutionize communism, legislation, judiciary, administration, education and economy to build a transparent society. It becomes a true communism of the people, by the people, and for the people.

These three rights are the social rights of a blockchain communist social worker: the social value compensation that realizes the ideal of communism through the proven trust based on this distributed network, the transparent opinion gathering in the autonomous participation, the artificial intelligence prediction and the decision making.

Communism is originally based on the one-party system of a single communist Party. Meanwhile, information on legislative, judicial, and administrative branches as well as all the institutions and cases, judicial precedents, laws and constitutions, was controlled by the government and military. However, in the fourth Industrial Revolution era, the ICBM platform is realized as a smart and autonomous blockchain communist governance where real-time decision-making is based on deep learning and prediction.

The right to work, the right to learn, and the right to enjoy are the three branches of citizens’ pursuit of happiness in blockchain communism for people who can enjoy the true values of communism through social values in the city of hyper-connected ICBM, IoT, smart city, facility infrastructure, AI, robot, autonomous industrialization, CPS, life, economy and policy infrastructure.

However, convergence of philosophy, humanities, technologies and industries is indispensable; the technologies and industries include ICBM core technologies, advanced ICT, capitalism 5.0, smart city, carbon economy, water economy, waste resource economy, gig economy, shared economy, platform economy, and quantum mechanics. The methodology in detail is explained as the following image.

 

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