Posts tagged forestry
Terra0 is an ongoing art project whose goal is to set up an alternative economic unit on the Ethereum Blockchain, while exploring the relationship between art and capital by functioning as a decentralized autonomous organization (DAO). The idea behind the project is to create a situation in which a forest creates capital by selling licenses for the logging of its trees through automated processes, smart contracts and blockchain technology. Terra0 reflects on ownership, personhood and autonomy. According to the project’s initiators, blockchain technology and smart contracts enable non-human actors to administer capital and therefore to claim the right to property for the first time. “Property is discussed now as something which is not separable from a natural or legal entity. Terra0 begins in this legal grey area, originating in the technological change brought about with the invention of blockchain technology and smart contracts,” adds Hampshire.