Facebook, Uber, Airbnb, eBay: How Blockchain Can Break Data Monopolists

Blockchains can be extended beyond the database paradigm towards a general application platform. These platforms work very differently. For example, they have shared virtualized databases, micropayments and consensus mechanisms, from common on-premise or on-cloud platforms that they have the potential to re-implement the named examples while not allowing one party to monopolize the platform.

The main Blockchains like Bitcoin are an example for a distributed autonomous organization. These are organizations centered around code as their ‘constitution’ and have as its main players users, developers, miners (those that render the infrastructure) and evangelists.

Source: Facebook, Uber, Airbnb, eBay: How Blockchain Can Break Data Monopolists

Post a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.