08 Dec At its core, blockchain is the old Hanseatic League
The structure and mode of operation of blockchain technology largely corresponds to the association of merchants that existed from the middle of the 12th to the 17th century. The Hanseatic League was also organized on a decentralized basis, had no political constitution, no membership lists, and no employees of its own. The financial management was based on mutual support and documentation (mining advantages for documentation services). The individual offices as the determining instances of the Hanseatic League were the distributed database management system. Common rules, the aim of promoting trade, creating trust and using documents, goods and services reliably beyond one’s own region, characterize blockchain technology and the Hanseatic League in equal measure. Both systems act (t) act completely independently of the respective national-feudalist executive political or religious power and at the same time form (t) n their own culture through the way of proceeding and their (hipster) participants. However, even the blockchain, which is still hyped today, will probably not last forever before innovations. As a bulwark against other trading and payment systems (double bookkeeping of the Lombard city union), against innovative basic technologies (e.g. modular shipbuilding by the Dutch in their regions) and with significantly lower liquidity reserves (Bitcoin, for example, is already accused of having the mass as liquid Payment processing system does not work) than the Fugger system, at some point the Hanseatic League was no longer able to hold its own. Internal disputes about adapting the rules increased. The 30-year war then blew the Hansa away. The new territorial states subsequently took on this dimension of the domain. The dream of blockchain technology is also to reverse this takeover. Rules without national governments. Then the Hanseatic League would be back.