> Systems of Trust (In Progress)

Chapter Summary: The operating system of the modern economy is designed to ensure that adversarial parties (i.e. buyers, sellers, and competitors) can transact and cooperate in an environment of (limited) mutual trust. This trust is built on human institutions and mechanisms of enforcement, which sometimes break down (see: nations with high rates of corruption). This article will seek to explain the foundations of today’s systems of trust, and consider how they might be replaced by technological systems of trust.