Index

Gavin Brown (Manchester Metropolitan University, UK)
Richard Whittle (Manchester Metropolitan University, UK)

Algorithms, Blockchain & Cryptocurrency: Implications for the Future of the Workplace

ISBN: 978-1-83867-498-4, eISBN: 978-1-83867-495-3

Publication date: 20 January 2020

This content is currently only available as a PDF

Citation

Brown, G. and Whittle, R. (2020), "Index", Algorithms, Blockchain & Cryptocurrency: Implications for the Future of the Workplace (The Future of Work), Emerald Publishing Limited, Leeds, pp. 185-193. https://doi.org/10.1108/978-1-83867-495-320201010

Publisher

:

Emerald Publishing Limited

Copyright © 2020 Emerald Publishing Limited


INDEX

Note: Page numbers followed by “n” indicate notes.

Agency

conversion
, 95

e-Estonia government
, 127

theory
, 135

worker
, 159

Agent-based failings
, 136

Airbnb
, 35, 56, 59n1

Algorithmic thinking
, 80

Algorithmic welfare
, 158

Algorithmically controlled robo-advisors
, 48–49

Algorithmising

process
, 1–3

of tasks
, 11

Algorithms
, 3, 10–11, 29, 48–52, 160, 168–169

and automation
, 30, 38

highly multi-process role
, 101

and work
, 11–12

Algorithms, blockchain and cryptocurrency (ABC)
, 9, 38, 63, 157, 163, 167, 169–170, 172

convergence
, 28–33

crytpo and state
, 24–28

economy
, 32–33, 63, 70, 107–109, 119–120

implications
, 17–24

multiple role work
, 100–103

themes of work
, 70–71

training, pay and reward in
, 115–117

transforming work into microtasks
, 63–69

triumvirate
, 29–31, 48

and work
, 9–28

worker
, 71–72

alt coins
, 142

Amara’s Law
, 119

Amazon
, 56, 75

Artificial credit expansion
, 97

Artificial intelligence (AI)
, 3, 11, 63, 111, 117–118, 128–129

AI-enabled oracles
, 133

Assets of businesses
, 152

AT&T
, 55

Austrian theory
, 98

Automatic teller machine (ATM)
, 73, 80

Automation
, 4, 36–38, 59, 70, 101, 118, 170–171

algorithms and
, 30

anxiety
, 114, 118

policing jobs
, 110

risk
, 113, 174

smart contracts and
, 163

AXA Global
, 50

Back-office’ functions of algorithms and blockchain
, 3

Banks
, 73–74

credit creation
, 90

of England
, 36, 45, 47

killers
, 42

Big 4 Firm Pricewaterhouse Coopers
, 36

Biometrics
, 44

Bit task
, 126, 146–147

engagements
, 159

Bitcoin (see also Cryptocurrencies)
, 13–14, 17–18, 22, 42, 46, 48, 125, 141–142

Bitcoin White Paper
, 13

Bitwork
, 30, 33, 79, 128–132

Bitworker economy management

commoditisation
, 145

contract
, 146–147

corporate non-sovereign currencies
, 152–153

multicurrency post-gig economy
, 160–162

nationalisation of labour
, 151–152

option
, 147–148

speculator
, 148–149

taxation of future worker
, 153–155

unions
, 150–151

Vilfredo Pareto and future worker
, 155–158

welfare state for future worker
, 158–160

Bitworker(s)
, 33, 36, 53, 64, 117–120, 123, 146

challenges for organisations to adapting
, 132–137

getting work done, hiring
, 123–128

profit and power in Bitwork world
, 137–142

Pros for Bitwork
, 128–132

Bitworking
, 11, 33

Blockchain
, 1, 30–31, 42–44, 98, 110, 169

back-office’ functions of algorithms and
, 3

blockchain-based Trade Union Movement
, 52

blockchain-enabled world
, 42–43

ethereum
, 129

platform
, 148

system
, 124

technology
, 124, 154

Brexit
, 21

Call option
, 144n10

Capital
, 36

theories
, 88

Cashless

economy
, 73–74

society
, 73

Central Bank and Tax Authority
, 77

Central bank digital currency (CDBC)
, 45, 47–48, 142, 154

Ceteris paribus
, 93

China National petroleum Corporation
, 138

Collateralised debt positions (CDPs)
, 131

COMEX
, 126

Commodity

money
, 79

prices
, 150

Complex microtasks
, 108

Contact-oriented professions
, 126

Contactless payments
, 73

Corporate

coins
, 72

corporate-crypto-coins
, 19–22

corporate-issued cryptocurrencies
, 19

cryptocurrency
, 2, 75, 171–173

cryptos
, 172

non-sovereign currencies
, 152–153

Corporate-issued non-sovereign

coins
, 142

currencies
, 141

Credit crunch
, 82–83

Credit Suisse
, 58

Crime lag
, 136

Cross-functional skills
, 49

Cryptocorps
, 19

Cryptocurrencies (see also Bitcoin)
, 1, 28, 44, 76, 131, 133, 141–142, 157, 169–170

effect of
, 2

benefits of
, 47–48

ecosystem
, 18

Facebook’s
, 85

first generation
, 2, 77–78

fixing system
, 98–99

framework
, 77

monetary system
, 153

proposition
, 23

second generation
, 2

stablecoin
, 100

Cryptocurrency Ethereum Classic (ETC)
, 143n2

Cryptography
, 14, 43

Cryptos
, 2

and state
, 24–28

true decentralised
, 172

Currency (see also Cryptocurrencies)
, 140

Custodian bank option
, 100

Data exploitation
, 171

Decentralisation

autonomous organisation
, 143n6

cryptocurrencies
, 141

exchange (DEX)
, 124

financial solution (DeFin solution)
, 125

information economy
, 43–46

labour exchanges (DLEXs)
, 125, 136, 138, 140, 146, 158

of money
, 87

Deflation
, 105n11, 106n15

Democratic system
, 113

Denationalisation of money
, 97–98

Digital

nomad trend
, 126–127

professions
, 126

systems
, 39

Digital Cooperative (DCOP)
, 52–54, 124, 137, 147, 149, 157

e-Estonia government agency
, 127

East Asian Financial Crisis
, 94

Employment Rights Act (1996)
, 57

EnergiMine
, 43

Ether Delta
, 124

Ethereum
, 50

blockchain
, 129

Expansionary cycle
, 90

Experiential shopping
, 165–166

Facebook
, 56

cryptocurrency
, 85

currency plans
, 21

electronic wallet
, 87

Libra currency
, 19–21, 23, 44, 56, 85, 141–142, 171, 178

Facebook Bank
, 22

Federal Reserve (FED)
, 94

Financial

innovation
, 79–87

products
, 146

services
, 46

system
, 99–100

Financial Services Authority (FSA)
, 104n3

Financial Services Conduct Authority (FCA)
, 46

Financial technology (FinTech)
, 5–6, 81–82, 84, 120

First generation cryptocurrency
, 2, 77–78

Fourth Industrial Revolution
, 39–40, 43

Fractional reserve banking (FRB)
, 88

Future worker

Taxation of
, 153–155

Vilfredo Pareto and
, 155–158

Welfare state for
, 158–160

Game theory
, 151

Genesis Block
, 42

Geni Coefficient
, 59n2

Gig economy
, 51, 53, 159

Globalisation
, 145

Globalised market place
, 7

“Gone” concept
, 36, 42, 80–81

Google
, 57, 138

Google Now
, 49

Government policy
, 21

Grocery Payment Apps
, 75

Gross domestic product (GDP)
, 40

Hayekian Business Cycles
, 88

Hierarchical for-profit labour exchanges
, 138

Historical bubbles
, 27

HMRC
, 57, 86, 125

self-assessment service
, 65

Human resource departments (HR departments)
, 132–133

Hypothesised OAT drag
, 136

IAS 12 Deferred Tax Assets and Liabilities
, 155

Impartial smart contract
, 130

Individual Strategic Business Unit
, 127

Individual(s)
, 149

investing in gold
, 27

railway company
, 27

Industrial Revolution
, 5, 110–113, 115, 163–164

Insurance
, 149

payments
, 50

Internal cryptocurrency
, 20

International Accounting Standard (IAS)
, 150

Internet
, 35–38

algorithms
, 48–52

CDBC
, 47–48

DCOP
, 52–54

decentralised information economy
, 43–46

disruption
, 36, 38

Fourth Industrial Revolution
, 39–40

supply chains
, 40–43

Too Big to Fail analogy
, 55–58

Internet of Things
, 133, 154

Investment banks
, 137

IRS
, 125

Job

for life
, 36

losses
, 41

JPM Coin (JP Morgan)
, 44

Know Your Client (KYC)
, 124

Labour
, 36

marketisation of
, 158

nationalisation of
, 151–152

party
, 151

replacing technology
, 112–113

workers
, 161

Landbanking
, 133, 143n7–144

Libra (Facebook)
, 23, 85, 171, 178

coin
, 56

currency
, 19–21, 44, 56, 141–142

Libra Council
, 56

LinkedIn
, 133

plus type system
, 126

profile
, 101

London School of Economics
, 41

M-Pesa
, 82

Machine learning
, 63, 111, 116

MAKR’s © DAI stablecoin
, 131–132

Market

capitalisation
, 60n3

pricing of labour
, 145

produced money
, 93

Marketisation
, 150

of labour
, 158

Master cryptocurrency
, 26

Master digital currencies
, 25

Microtasks
, 11, 16, 71–72, 101, 107–108, 110

ABC transforming work into
, 63–69

themes of
, 64

Mises’ theory of economic impossibility of socialism
, 97

Mobile phone payments
, 84

Monero
, 46, 60n7

Money
, 76–78, 95–96, 113, 130

commodity
, 79

decentralisation of
, 87–88

denationalisation of
, 97–98

evolution
, 141, 165

market produced
, 93

Multicurrency post-gig economy
, 160–162

National Health Service
, 138

Nationalisation of labour
, 151–152

O*NET Content Model
, 49

Online marketplaces
, 103

Online shopping experiences
, 74

Online work and decentralisation of currency and information
, 7

Operational agency theory (OAT)
, 136

Pareto Effect
, 156

‘Pay as you earn’ income tax
, 45

Pay in ABC world
, 115–117

People’s Bank of China (PBOC)
, 45, 47

Platform

businesses
, 35, 56, 59n1

platform working
, 6–7

platform-based self-employment
, 1

Policy
, 173

prescriptions
, 33

Political ideology
, 65–66

Populist movements
, 41

Post-gig economy
, 128, 137

Post-Industrial Revolution
, 5, 120

Pound Stirling
, 25–26

Power in Bitwork world
, 137–142

Pre-crypto reform
, 93–98

Pre-Industrial Revolution idea of work
, 6

Private property
, 94, 106n12

Profit in Bitwork world
, 137–142

Profit-making organisation
, 29

Pseudo-anonymous systems
, 125

Pseudo-organisation
, 42

Quantitative easing
, 21

Quantum computing
, 157

Quasi-regulated environment
, 46

Real estate investment trusts
, 132

Regional Bell Operating Companies
, 55

Regulator recapture, likelihood of
, 40

Remuneration
, 133

Repetition
, 10

Reward in ABC world
, 115–117

Ricardo effect
, 90, 92, 105n5

Rise of The Freelancer Economy, The (Rashid)
, 53

Robotics
, 11

Roy Amara’s Law
, 58

Second generation cryptocurrency
, 2

Self-employment
, 63, 101–103

Single cryptocurrency
, 31

Smart contract
, 15–16, 60n9, 102–103, 129, 143n6

Sovereign Currency Act
, 139

Stablecoin
, 143n5

cryptocurrencies
, 100

State-level innovations
, 46

State-supported cryptocurrency
, 26

Stateless cryptocurrencies
, 26

Subscription services
, 74

Supermarkets
, 133

Supertrend
, 38

of hyper-globalisation
, 57

Taxation
, 24

of future worker
, 153–155

issues
, 25

TechFin
, 5–7, 120

Technological/technology
, 117

barter process
, 25

change
, 178–179

enhancements
, 145

evolution
, 157

firms
, 57

or financial firms
, 22

replacements
, 111

taxes
, 114

technology-enabled shift
, 134

Temporal nature of productive process
, 92

Tesla
, 138

The New York Mercantile Exchange
, 126

Tokenisation
, 145

Too Big to Fail analogy (Sorkin)
, 55–58

Trade union membership
, 52

Trade unions
, 149

Training in ABC world
, 115–117

Transparency
, 78

Triumvirate
, 55, 127, 129, 134, 137–138, 145, 156–157, 162

ABC
, 29–31, 48

True decentralised cryptos
, 172

Unionisation
, 171

United Kingdom (UK)

Financial Services Compensation Scheme
, 23

National Insurance System
, 172

United States (US)

Department for Educational Statistics
, 134

House of Representatives
, 21

University of Oxford
, 37

Vilfredo Pareto and future worker
, 155–158

WeBank
, 103

Welfare state
, 159

for future worker
, 158–160

Welfare system
, 157–158

WeWork
, 127

‘Wisdom of crowds’ effect
, 42

Wonga (large payday loan providers)
, 131

Work
, 107

from anywhere trend
, 127–128

Work future

ABC economy
, 107–108, 110–115

Bitworker
, 117–120

economic infrastructure
, 109–110

training, pay and reward in ABC world
, 115–117

Worker (see also Bitworker(s); Bitworker economy management; Future worker)
, 16, 71–72

agency
, 159

disrupted
, 51

(in)/ability of
, 51

labour
, 161

Worrying hypothesis
, 50