The Blockchain: A Promising New Infrastructure for Online Commons | David Bollier - 0 views
bollier.org/...-infrastructure-online-commons
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shared by Jukka Peltokoski on 11 Jun 15
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Move beyond the superficial public discussions about Bitcoin, and you’ll discover a software breakthrough that could be of enormous importance to the future of commoning on open network platforms.
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can validate the authenticity of an individual bitcoin without the need for a third-party guarantor such as a bank or government body
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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?
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blockchain technology could provide a critical infrastructure for building what are called “distributed collaborative organizations.”
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to give its members specified rights within the organization, which are managed and guaranteed by the blockchain
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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.
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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
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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
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could overcome many collective-action challenges that cannot be easily solved by conventional institutions today
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blockchain technology does offer more formidable tools for better protecting the perimeter of the commons and for empowering commoners to decide their own fate