This introduction to decentralization examines decentralization's past, present, and future. By tracing the history of past and existing decentralized systems and by examining emerging decentralized technology solutions, the author highlights the trends that lead to higher levels of...

Out of necessity, humans have engaged in centralized thinking since the emergence of tribal societies and throughout urbanization and the industrial revolution. Emerging decentralized technology transcends traditional economic notions of capitalism versus socialism and inaugurates new forms of...

Centralized mechanical turk solutions are subject to significant shortcomings. Decentralized crypto solutions can optimize the mechanical turk market. Autonomous decentralized protocols for validating domain specific reputation of workers that perform tasks allow micro task workers to stake...

Insurance products can be optimized with emerging decentralized technology. We propose the use of cryptocurrencies as claims on future cash flows of an underwriting business operated by a Decentralized Autonomous Organization (DAO). The design of our DAO allows for decentralized collaboration...

Charitable giving in legacy systems is subject to several major downsides that can be addressed with decentralized autonomous organizations (DAOs). Centralized legacy charitable organizations often lack foundational transparency and are subject to significant power imbalances that favor the...

Chapter 6 underscores the importance of reputation systems for the decentralized economy. Reputation is the proper incentive, instead of money, for motivating the most efficient cooperation and long-term stability in business. Existing Web3 smart contract solutions often incentivize people to...

Chapter 5 discusses the core problems Web3 companies need to solve in order to achieve progress for the decentralized economy. The electrical revolution took more than a century to come to fruition, because of the need to develop uniform standards for production, transmission, storage, and...

This chapter presents a technical perspective on decentralized structures. The purpose of the chapter is to provide guideposts and an overview of the technical possibilities and limitations for the creation of decentralized autonomous organizations (DAOs). A core precept for the creation of DAOs...

This Chapter examines the future of decentralization. While humans who were raised in a centralized world by default turn to centralized solutions for societal problems, decentralized approaches are more effective for global problems. Decentralized networks encourage interoperability through...

Chapter 1 of the book explores the historical foundations of decentralized structures, starting with early hominids through Imperial China and the American Revolution. The primary goal of the chapter is to witness the central-decentral dichotomy in its evolutionary context to understand more...