Landing : Athabascau University

terra0 - a forest that will one day buy itself

http://paulkolling.de/projects/terra0

I love this art project - a forest that owns itself and that makes money on its own behalf, eventually with no human control or ownership. From the blurb...

"The Project emerged from research in the fields of crypto governance, smart contracts, economics and questions regarding representations of natural systems in the techno-sphere. It creates a framework whereby a forest is able to sell licences to log its own trees through automated processes, smart contracts and blockchain technology. "

But it gets better...

"The terra0 project creates a scenario whereby the forest, augmented through automated processes, utilitizes itself and thereby accumulates capital. A shift from valorisation through third parties to a self-utilization makes it possible for the forest to procure its real counter-value and eventually buy itself. The augmented forest is not only owner of itself, but is thus in the position to buy more ground and therefore to expand."

Wonderful, immensely thought-provoking, deeply subversive.

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