September 17, 2019

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Ecocentricity Blog: A Boy, His Elephant and Blockchain

By: John A. Lanier

Submitted by: Ray C. Anderson Foundation

Categories: Sustainability, Environment

Posted: Jun 20, 2019 – 02:31 PM EST

 

Blockchain could help usher in this era of easy energy exchange, which will move the energy system one step closer to being distributed. The more distributed our energy system, the less reliant we will be on fossil-fuel energy generation.

Jun. 20 /CSRwire/ - Every 1L (first year law student, for the uncorrupted of you) takes a Property class. Dem’s da rules. Knowing who in the heck owns a thing is fundamental to our legal system. Judges and juries need to know that before deciding whether a plaintiff or defendant should prevail in most legal disputes.

Ownership is a nuanced and complicated thing. To explain it, most law professors use the “bundle of sticks” analogy. It goes like this….

Consider my son’s stuffed elephant, Eli. J.R. owns Eli, but ownership entails a whole portfolio of legal rights (the bundle of sticks) with respect to the jolly elephant. J.R. can snuggle Eli and he can throw him down the stairs. He can share “Eli kisses” with Chantel and me or he can keep them all to himself. He can lend Eli interest-free to his sister so she can have a tea party with Eli and Raffi the giraffe (her animal of choice). And J.R. can offer Eli for sale on eBay, and I’d bet the “buy it now” price would be $1,000,000 based on how much he loves that elephant.

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