Before Babylon, Beyond Bitcoin by David Birch

Before Babylon, Beyond Bitcoin by David Birch

Money is changing, and this book looks at where the technology of money might be taking us in the future. Technology has moved our concept of money from physical things, to unseen bits of information. With the arrival of smart cards, mobile phones and Bitcoin, it has become easier than ever to create new forms of money. Crucially, money is also inextricably connected with our identities. Your card or phone can identify you for security - and also enable information about you to be associated with your money (think for example of store 'points' cards). To understand all of this and to see where we might be going, the author first of all looks back over the whole history of money, which spans thousands of years. He sees evidence for possible futures in the past, both recent and ancient. After all, not all 'future' starts from today. For example, it can be argued that the future of money began back in 1971, when money became a claim backed by reputation rather than by commodities of any kind. At this point, money became bits. Looking much further back to a world before cash and central banks we see multiple 'currencies' operating at the level of communities, and the use of barter.The newest technologies will take money back to where it came from: a substitute for memory, to record mutual debt obligations within multiple overlapping communities. This time though money will be smart. It will be money that reflects the values of the communities that produced it. Future money will know where it has been, who has been using it and what they have been using it for.

"David Birch brings out in rich and lucid detail the full historical journey money has been undertaking and the technological revolutions it has encountered en routeHistorical scholars, technologists, monetary economists and policy makers will all find something in here to hold their attention, to reshape their view of history or technology, finance or policy." From the foreword by Andrew Haldane, Chief Economist of the Bank of England and member of the Monetary Policy Committee

David Birch is an internationally-recognised thought leader in digital money and digital identity. He is a Director of Consult Hyperion, the technical and strategic consultancy that specialises in electronic transactions. He is the author of 'Identity is the New Money' (LPP).

SKU	Unavailable
ISBN 13	9781907994654
ISBN 10	1907994653
Title	Before Babylon, Beyond Bitcoin
Author	David Birch
Series	Perspectives
Condition	Unavailable
Binding Type	Hardback
Publisher	London Publishing Partnership
Year published	2017-06-30
Number of pages	288
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.