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A Progressive Web3: From Social Coproduction to Digital Polycentric Governance

18 Pages Posted: 10 Jan 2023 Last revised: 14 Apr 2023

See all articles by Quinn DuPont

Quinn DuPont

UBC School of Library, Archival & Information Studies; York University - Schulich School of Business

Date Written: January 9, 2023

Abstract

This essay critically evaluates the political economy of Web3 and offers a neo-institutional model to better explain observations of contemporary digital social movements. By developing a sociological model for Web3 rooted in micro-organizational practices, including trust mediation and social coproduction, this essay reevaluates assumptions of scarcity, economic value, and social belonging. It concludes by introducing a novel research programme that focuses on community self-governance of digital common pool resources (DCPRs), using rich datasets from Decentralized Autonomous Organizations (DAOs) as a form of digital polycentric governance

Keywords: web3, DAO, governance, social order, mass movements, cryptocurrency, blockchain, Ostrom

JEL Classification: P13, P14, P16, B25, D46, D71, D74

Suggested Citation

DuPont, Quinn, A Progressive Web3: From Social Coproduction to Digital Polycentric Governance (January 9, 2023). Available at SSRN: https://ssrn.com/abstract=4320959 or http://dx.doi.org/10.2139/ssrn.4320959

Quinn DuPont (Contact Author)

UBC School of Library, Archival & Information Studies ( email )

Suite 470
1961 East Mall
Vancouver, British Columbia V6T 1Z1
Canada

York University - Schulich School of Business

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

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