Group items tagged

collective-action problem in an open network context

How do you know that a given document, certificate or dataset -- or a vote or "digital identity" asserted by an individual -- is the “real thing” and not a forgery? 

online “ledger” that keeps track of all transactions of all bitcoins

set of transactions known as the “block”

a kind of permanent record maintained by a vast distributed peer network

blockchain technology could provide a critical infrastructure for building what are called “distributed collaborative organizations.”

to give its members specified rights within the organization, which are managed and guaranteed by the blockchain

blockchain technology is not confined to digital currency

Transactions would be near-instantaneous, and transaction costs would be minimal.

Bitcoin 2.0 projects

a way to create distributed networks of solar power on residential houses

reliable systems to manage their inter-relationships on network platforms.

traditional issues related to shared common-pool resources—such as the free rider problem or the tragedy of the commons—could be addressed with the implementation of blockchain-based governance, through the adoption of transparent decision-making procedures and the introduction decentralized incentives systems for collaboration and cooperation.

to reach consensus and implement innovative forms of self-governance. The possibility to record every interaction on a incorruptible public ledger and the ability to encode a particular set rules linking these interactions to a specific transactions (e.g., the assignment of cryptographic tokens) makes it possible to design new sophisticated incentive systems

Decentralized blockchain technologies bring trust and coordination to shared resource pools, enabling new models of non-hierarchical governance, where intelligence is spread on the edges of the network instead of being concentrated at the center

commons-based peer-production communities

have had a hard scaling up, without turning into more bureaucratic and centralized institutions

could overcome many collective-action challenges that cannot be easily solved by conventional institutions today

Who guards the guards? 

blockchain technology does offer more formidable tools for better protecting the perimeter of the commons and for empowering commoners to decide their own fate