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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
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
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
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 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
Chapter 2 highlights the transition from Web 2.0 companies, such as Google, Facebook, and Uber, among many others, which have disrupted much of the economy, to more decentralized solutions. Consumers around the globe are becoming increasingly accustomed to the advantages of decentralized...
Persistent link: https://www.econbiz.de/10014089423
This Preface summarizes the authors’ respective perspectives and precepts on the topic of decentralization that motivated the publication of their jointly au-thored book "DECENTRALIZATION - TECHNOLOGY'S IMPACT ON ORGANIZATIONAL AND SOCIETAL STRUCTURE", DEGRUYTER PUBLISHERS (2021). United by a...
Persistent link: https://www.econbiz.de/10014089424
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...
Persistent link: https://www.econbiz.de/10014031207