Decentralization - A Primer on the New Economy
Wulf A. Kaal · 2019
Out of necessity, humans have engaged in centralized thinking since the emergence of tribal societies and throughout urbanization and the industrial revolution. Emerging decentralized technology transcends traditional economic notions of capitalism versus socialism and inaugurates new forms of economic exchange. The author examines the evolution of decentralized solutions for commerce and society as well as associated opportunities and obstacles. Key Words: Decentralization, Decentralized Commerce, Emerging Technology, Token Models, Incentive Design, Tokens, Blockchain, Distributed Ledger Technology, Reputation Verification, Economics, Socialism, Capitalism JEL Categories: K20, K23, K32, L43, L5, O31, O32 * Professor of Law, University of St. Thomas School of Law (Minneapolis, USA). The author wishes to sincerely thank Prof. Craig Calcaterra for his invaluable perspectives and feedback that contributed to this short introduction and primer on Decentralization. 0 Electronic copy available at: https://ssrn.com/abstract=3406323
Cite: Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323. https://doi.org/10.2139/SSRN.3406323
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