At New Context Conference 2017 (NCC 2017)1, I uncharacteristically spoke about blockchain. I gave my own presentation and moderated a panel discussion.
Session 4 (16:10 – 17:30) had the following assigned theme:
Session 4. What Is the True Value of Blockchain That Comes Next?
When distributed systems such as blockchain are introduced, innovation may emerge from a variety of actors, as it did with the Internet, and may transform our everyday experiences. This session explores the role and potential of blockchain in the evolution of those experiences. It also discusses how DG Lab’s future open-innovation initiatives can contribute to that evolution.
This was a rather difficult theme, and I wrestled with it considerably, but I titled my presentation:
“Blockchain: Transformation Through the Democratization of the Source of Trust”
I am glad that it seems to have been well received in some quarters, chiefly around @okdt.
問題提起が美しすぎる!Cool!!@_nat_en #ncc2017tk pic.twitter.com/muQJ8cKzrt

The content was roughly as follows.
(The “brick standard” mentioned here comes from Buchanan (1999[1962]).)
The panelists for the discussion that followed were:
Panel Discussion
George Li (WeTrust.io)
Koichiro Eto (National Institute of Advanced Industrial Science and Technology)
Izumi Okoshi (Dentsu Inc.)
<Moderator> Natsuhiko Sakimura (Nomura Research Institute)
This was difficult too…
George works on blockchain-based social lending; Eto is a media artist whose research focuses on “building and operating services through user participation”; and Okoshi works in co-creative business design. Weaving these into a single story for one panel was extremely difficult, and I struggled greatly. We did have a speakers’ reception on Monday and an opportunity to confer. At that point, however, I had scarcely developed the story myself, so I merely enjoyed the drinks (sweat).

Afterward, though, I stayed up all night thinking it through. I am glad this too seems to have been well received in some quarters, chiefly by @okdt.
Bitcoinはassetの裏付けがない。危うい。貨幣となりうるのか、と言い切った。二度と似非なるものは出てこない。むしろ変革への期待の株券みたいなものかも、なんて発言も飛び出した。いいぞもっとやれー@_nat_en @KoichiroEto #ncc2017tk pic.twitter.com/EHDoMuFtTW

Incidentally, the 26th was my birthday, and everyone sang “Happy Birthday” to me at the reception2. I was embarrassed.
It seems everyone went to the lounge at Andaz Tokyo afterward, but I returned to the office to chair a teleconference of the Financial API WG.
Bibliography
Buchanan, James M. (1999[1962]). Predictability: The criterion of monetary
constitutions. The Logical Foundations of Constitutional Liberty. The Collected
Works of James M. Buchanan, Vol. 1. Indianapolis, IN: Liberty Fund Inc.

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