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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...
Persistent link: https://www.econbiz.de/10012868238
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...
Persistent link: https://www.econbiz.de/10012869427
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...
Persistent link: https://www.econbiz.de/10013310925
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...
Persistent link: https://www.econbiz.de/10012926759
Decentralization cannot evolve in a vacuum. As decentralized technology becomes increasingly available, its application, adaptation, and evolution depend on society’s acceptance and use of the technology. While improved decentralized incentive designs can accelerate adoption, design alone will...
Persistent link: https://www.econbiz.de/10013238167
Decentralized systems enhance future algorithmic applications. Centralized algorithmic automation is a very powerful tool for humanity. It fulfills increasingly important roles in society for the betterment of humanity. It optimizes human interaction, outputs, and performance and can elevate...
Persistent link: https://www.econbiz.de/10013238168
The article shows that the technological precursors of decentralization require a reexamination of technological infrastructure for decentralized systems. Highlighting the past and present events in technology development that helped usher in the age of decentralization, the article examines the...
Persistent link: https://www.econbiz.de/10013238169
This article discusses the historical most relevant types of decentralization that helped usher in the age of decentralization. Key components of decentralization that are discussed herein include: decentralization of science, technological decentralization, organizational decentralization,...
Persistent link: https://www.econbiz.de/10013238170
Chapter 9 emphasizes the role of history in the creation of decentralized organizations. Access to historical records creates transparency and accountability and enables punishment and rewards in decentralized organizations which changes the motivations of members from a focus on immediate...
Persistent link: https://www.econbiz.de/10013241544
Chapter 10 highlights the need for the establishment and maintenance of unifying transcendental values of decentralized organizations. Unlike scientific laws, transcendental values cannot be stated formally and explicitly. The power of a decentralized organization derives from its ability to...
Persistent link: https://www.econbiz.de/10014089422