Is it a Property or a Parcel?
Consumers refer to properties using an address but when buying and selling, what changes hands is called a parcel. Counties record parcel transfers to protect owners’ real property rights. Parcels pre-date the postal system. Record keeping is performed at the parcel level because it is possible to sell real estate that does not have a…
The Square Deal and Fair Compensation
At the turn of the century, Theodore Roosevelt introduced a domestic policy known as the Square Deal, which emphasized “substantial equality of opportunity and of reward for equally good service.” Theodore Roosevelt, “The New Nationalism,” in The New Nationalism (New York: The Outlook Company, 1910), 3-34. Over the past decade, service providers in most industries, including real…
Replication as a Natural Act
“Your scientists were so preoccupied with whether they could, they didn’t stop to think if they should.” Dr. Ian Malcolm, Spielberg, Steven. Jurassic Park. Universal Pictures, 1993. This famous line from Jurassic Park questions the ethical bounds of scientific experimentation. It should be no surprise that the phrase also applies to technical recommendations. When there are multiple…
Blockchain Economics
There are benefits and challenges associated with blockchain. It is easy to get drawn into a jargon-filled debate that results in both sides talking past each other. I thought it would be good to compare the two on the basis of business economics, a consideration that is important to everyone. Advocates for blockchain tout that…
Bridging to the Future
I have been writing about blockchain technology for the last couple of weeks and now it is time to address how it gets introduced into the ecosystem. We start by not confusing the consumer. The word “blockchain” makes eyes glaze over and a barrier descends that blocks the exchange of ideas. Innovators react to this…
What can we learn from Listening?
Whenever one object exerts a force on another object, the second object exerts an equal and opposite on the first. –Newton’s Third Law of Motion “Data owners controlling data access rules” was discussed in an earlier post. This post introduces a new concept; the ability of protected data to drive business transactions with Events. Let’s…