Technology has played a major role in the International reaction to the ongoing Russian war on Ukraine. Brock Pierce, chairman of the Bitcoin Foundation, and war reporter Hollie McKay, currently reporting on the war from Kiev, joined Roundtable to discuss the war, technology and international solidarity in the age of Web3.
In this segment, Pierce discusses how Web3 can prevent armed conflicts by fomenting decentralized power.
He notes that economic measures against war profiteers could be key to preventing future wars.
"The only winners in this are defense contractors," Pierce said. "Incentives matter, and when you start to eliminate the incentives of injustice, justice is more likely to prevail."
As Ukrainians face the Russian invasion, Pierce notes, they are using the blockchain to build emergency infrastructure that could transform their country's future.
"The Ukraine will end up being a very important country at the end of the 21st century, because of their ability to rebuild their infrastructure to something that is more resilient and censorship resistant," Pierce said. "You need resilient infrastructure that the opposing party can't destroy."
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The decentralization that Web3 infrastructure provides, Pierce argues, could have serious repercussions for geopolitics.
"Tools that enable freedom and sovereignty and empower the individual, at least in theory, should lead to less conflict, right," he said. "The vast, vast, vast majority of us do not want to go to war. The fact that we have wars like this is because of the centralization of power. Most people want peace."
Brock Pierce, chairman, the Bitcoin Foundation
Hollie McKay, war reporter and author of Only Cry for the Living
Watch the full discussion below: