šA blockchain metaphor is a way of thinking about or describing something using the principles of a blockchain. In other words, it is a way of understanding or explaining something by relating it to how a blockchain works.
šØāš¼Blockchain relies on strong metaphors like gold and gas to govern resource appropriation, morphological metaphors like work and trust to develop consensus, and structural metaphors like chain and transaction to demonstrate shared knowledge. These compasses shape technological development and place blockchain as an infrastructure for governing economic, political, and epistemological practices.
šThis metaphor or way of thinking can also be applied to many things, including business, governance, and relationships. For example, a blockchain metaphor can explain how a business works. In a blockchain, each block represents a different stakeholder. These blocks are all interconnected, and for a transaction to be completed, all holders or investors must agree.
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