Decentralization and Feedback Effects
Wulf A. Kaal · 2021
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, market decentralization, governmental decentralization, and societal decentralization. The author discusses the feedback effects that exist between the respective types of decentralization. Key Words: Decentralization, History, Digital Assets, Decentralized Finance, Blockchain, Start-up, Decentralized Commerce, Emerging Technology, Token Models, Incentive Design, Tokens, Distributed Ledger Technology, Decentralized Infrastructure, Reputation Staking JEL Categories: K20, K23, K32, L43, L5, O31, O32 ** Professor of Law, University of St. Thomas School of Law (Minneapolis, USA). The author is gratefull for ongoing discussions about decentralized technology solutions with Craig Calcaterra. The author is also grateful for outstanding research assistance from Hayley Howe and research librarian assistance from Nicole Kinn. The author did not receive any form of financial incentive for authoring this article. 1 Electronic copy available at: https://ssrn.com/abstract=3808852 DECENTRALIZATION
Cite: Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852. https://doi.org/10.2139/SSRN.3808852
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