This video give an introduction to Terra0, an AI forest presented @ IPDB // BigchainDB Meetup in March 2017 by Paul Seidler & Paul Kolling.
Terra0 is a self-owned forest. It is an ongoing art project by two students of Berlin University of the Arts that strive to set up a prototype of a self-utilizating piece of land. A smart contract on the blockchain allows the forest to become an autonomous piece of land that manages itself by the rules pre-deterimed in the smart contract. With Terra0 the forest is able to sell licences to log trees through automated processes. In doing so, this forest accumulates capital. A shift from valorization through third parties to a self-utilization makes it possible for the forest to procure its real exchange value, and eventually buy and own itself. The augmented autonomous forest is in the position to buy more ground and therefore to expand.