This is a question found in most places. I would like to reframe that question so that I can explain better . Will tools replace humans . Now I think most people can see that this is something that has been happening from the day one of human existence. Every civilisation that dominated the world had some sort of dominant tool either tangible or intangible over the civilisation that they were able to dominate . From the Egyptians to the Babylonians to the Macedonians , Romans, Arabs , Turks to the English, German to the Japanese to the Chinese. Even the barbaric mongol tribes had a tool : their art of warfare. And all the time , the conquered had the same question we had . Will this conquering civilisation with their tools dominate the future forever. See the Indians at the time of the British would have thought exactly like us, when they saw the technology , processes and tools of the British. It was that defeated mindset of the vanquished that made the conquerors stay for long. But the moment the vanquished started understanding and learning and in some cases outgrowing their masters they became the next dominant civilisation. This was a pattern that has been repeating in history. Why we could not recognise it was because in the old days it was ethnic races now it’s innovators. We should be glad . Anybody can become an innovator. A hundred years ago you could not become an Englishman to be respected. But today you can innovate. That is your most human trait. Every child is born creative . Rediscover your creativity. And join the league of liberators.

In ancient China there was this saying. When out of greed , a few smart men dried the pond to catch all the fish and make as much money as possible. Yes they made a lot more money that week. But the pond that was a constant revenue source for centuries had died. They had not just taken all the fish . They had destroyed the ecosystem. They had cut open the chicken in search of all the eggs. In the economy, there will be elements who will constantly try to dry the pond. The regulators should be very vigilant about these actors because they are destroying a vital part of the economy. One of the saddest parts of steroid banking and steroid investing was that the ecosystem was dried up by certain banks and certain vc firms. Take the case of the huge loans given to certain big firms, they take the loan for a very small rate , then go to city after city , underprice their products ,destroy all their competitors , then rise prices and when the economy crashes , fire a huge number of their staff , mostly get a bailout from their loans. The same with vc firms that invest in selected startups to give discount coupons to customers who will ditch other companies and flock to the steroid unicorns. The same happens to the ecosystem. If capitalism needs to sustain and survive, it should be vigilant about being self canibalised by capitalism.

The future of systems is not in pure automation without human involvement. The future we believe is when human wisdom is not lost but rather that wisdom is ingested into the organizations knowledge base. We often hear that older organizations had exceptional leaders and employees who spend decades in the organizations and would have reaped man years of wisdom and expertise from their time in the companies. If you look at the cumulative salaries that have been paid for the staff from the founding of the companies it would be millions for even small companies and hundreds of millions in terms of medium companies. We believe that the systems of tomorrow should not waste the cumulative collective cognitive asset of the organizations. Millions of man years of knowledge, skill and passion should not be lost. However technology grows , however artificial intelligence develops there will always remain one thing that will not be digitized. We call it the HuMultiplier. Or the human multiplier. Take for example Google Search. Google search is a technology marvel. But does everybody search in the same magnitude. I am sure you have come across people who can drill data from the internet unlike the most of us. What adds to the impact is not just the power of google but also the Humultiplier of that person. This Humultipleir effect of people and of teams should not be lost when those people leave or the those teams are disbanded. That PEEKS (Passion, Experience , Expertise , Knowledge and Skills) has to be ingested into the C3A of the company. (Cumulative Collective Cognitive Asset). Let us take the example of Kodak. Imagine the thousands of the highly capable people and teams that worked there. What a waste that all that man-centuries of PEEKS was flushed away.Suppose you are a construction company and you completed a massive project. There will be hundreds of lessons and learnings that can be reused in the future with some modifications and additions. Systems of the future will need to capture and preserve these datapoints and make it a form that can be used by the company in the future. If you are an fmcg company that is threatened by a fierce competitor, the lessons your predecessor learnt from a success or failure can be useful for you. If you get a case study from a leading consultant , how can that PDF be fed into your system to generate a suggestion for a strategy . The AI systems will be challenged by CCC systems. Cumulative Collective Cognitive systems. Cumulative standing for all the man years of PEEKS, Collective standing for the synergy of the teams and collaboration. Cognitive standing for AI , Blockchain , Quantum Computing etc. Humanity is not threatened by AI. Humanity would and should augment itself with it .

Billsphere believes that all the components of the balance sheet can be tokenized starting from the capital to the inventory everything that’s assets or liabilities can be tokenized . But the central theme of all this should be prevent unhealthy speculation . A certain amount of speculation is necessary otherwise we can’t call it business but the system should also properly alert when the speculation is dangerously unhealthy or has adopted epidemic proportions.

Most of the important data that guide policy makers are averages like GDP growth rate , GDP per capita etc. We live in a world that can no longer afford to live with approximations but need to adopt accuracy as precise as a brain surgery.

One of the most profound features of programming is the use of exceptions; when one could provide logic and also provide exceptions where that logic might need some exclusive treatment. If you look in the history of software development, you can see whenever bugs are discovered the software rectifies them in the next update using mostly exceptions . I think that frame of thinking is also perfect in when the next generation of semi autonomous economic systems are designed . When economies face failures it shows that some exceptions are needed to be introduced in the application of an economic policy. The system thus has to be a self learning system that applies new exceptions as they arise . Every failure or setback should be a learning , improving experience. They say that a similar accident will never happen with self driving cars anywhere again . The system learns the flaw and improves accordingly .

BillSphere.org is an open source project that aspires initially to apply Network theory to b2b liability information. In the long term, we believe that an economy, like a self driving car , can self learn , self correct , self improve and self regulate augmenting distributed human intelligence and creativity , creating a more stable ecosystem and an exponentially agile prosperous ecosystem.

The science of Economics have been rather shy to the technological innovations that has revolutionized other systems and industries. Though the effect of innovative technologies have impacted the economy in a massive way, Economy as a system has rather been untouched by technology in the way it is internally architected. Humanity and Economy has suffered heavily due to this incompatibility between economy and technology. This open source project is an attempt to intersect the parallel lines of technology and economy. Parallel lines don’t meet. But if they meet, it means the dimension has been upgraded.