Chris Cook proposes institutions as mutual risk, cost, surplus, asset & data sharing agreements between people not institutions as public=state/municipality or private virtual legal persons (corporates) & instruments as assignable relationships/credits, not exchangeable virtual objects.

He thinks we may introduce 21st C distributed Treasury, Mint & Exchequer; “stock” credit instrument & network associations/clubs. Mutual/reciprocal ‘club’ agreements are complementary transcending jurisdiction & independent of law. eg P&I Clubs…

2 comments on Mutualisation

  1. Hi Stephen,
    I like the clarity of this initiative. i’ve been working with Chris Cook for the last 18 months or so in the context of the Credit Commons –
    This provides a simple and robust basis for accounting within and across associations of 146 clubs.
    We’d love to help.

    Dil Green

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