Aside from any specific governance ideology or subsequent economic theory in order to address subjects such as social inequalities, the ongoing general hypothesis stands with the capability Universal Basic Income (UBI) guaranteed by the government, in order to cover the basic cost of living, will have to protect fundamental rights within a context of automated, hyperconnected economies, that will reshape the workforce transition.
Automation will fundamentally change the structure of economies. While these technologies develop, the impact will increase exponentially to more sectors; consequently, more citizens will experience the outcome. It is no mystery artificial intelligence and robotics will facilitate tasks and increase overall economic productivity, but are Governments preparing for the next technological revolution? Will fundamental rights be protected?
If developed, fully automated economies, manage to achieve a never seen before level of productivity and efficiency, then will UBI be viable and sustainable? Is the creation of UBI pilot programs the answer to long term, public policies?
The following work as well explores how blockchain technology may guarantee the safest, most transparent and efficient method in order to develop universal basic income pilot programs.