Decentralization - A Primer on the New Economy

Abstract

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.

Keywords: Decentralization, Decentralized Commerce, Emerging Technology, Token Models, Incentive Design, Tokens, Blockchain, Distributed Ledger Technology, Reputation Verification, Economics, Socialism, Capitalism

JEL Classification: K20, K23, K32, L43, L5, O31, O32