I think care needs to be taken with the distinctions. I don’t think anyone is excited about blockchain because it’s a CDO replacement. CDOs existed because banks declared them to exist. Banks can declare almost anything to exist! But they have nothing to with blockchain.

With blockchain there is no declaring authority. Trust in it is upheld by its own socioeconomic dynamic: buying, selling, mining. In other words, it has AUTOMATED ITS MANAGEMENT. That’s what’s important. It should be seen in the same light as previous attempts to automate management – particularly Gordon Pask (management of learning) and Stafford Beer (automation of government).

The real question behind blockchain in education is ‘Can we make educational management redundant?’ I don’t know the answer -but I’m not convinced it’s impossible -and given the awful and destructive behaviour at the top of institutions, its worth taking seriously.