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Blockchain technology: a new (r)evolution in the digital economy

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By Primavera De Filippi, researcher, Centre d’Études et de Recherches de Science Administrative, CNRS-Université Paris II.

Remember the world, back in the 90’s? Before the Internet had invaded pretty much every aspect of our lives? It was back then quite difficult — if not impossible — to foresee that one day, not too far away, people would be able to communicate directly with one another, that they would be able to broadcast themselves to the world and interact in a peer-to-peer fashion, bypassing most of the intermediaries of that time.

This marked the beginning of a new paradigm shift in the way people communicate — the beginning of a digital revolution characterised by a process of decentralization and disintermediation. With the Internet, traditional media operators, such as publishers and broadcasters, have been progressively displaced by a more distributed network of players, relying on emerging information and communication technologies in order to provide new opportunities for people to receive and impart information.

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Posted in Open Thoughts 2014
About the Question
How many peers does it take to change a light bulb?

Systems like Linux and websites like Wikipedia are paradigmatic of a particular way of open collaboration known as peer production. Peer producers choose their tasks freely and coordinate their work using open digital platforms. They share the fruits of their labour as part of a global commons, and everyone works according to their abilities and benefits according to their needs.

Is this an emerging form of communism? Or the future of liberal capitalism? Or is it simply a new mode of production? In this blog we want to explore both the benefits and the downsides of such way of working.

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