The traditional economic model was dominated by large companies that have top-down hierarchical organizations providing services to passive consumers. Now, companies like Google, Uber and AirBnB represent a shift operating online platforms where most value is generated by the users. The problem with this model is that, in most cases, the value produced by the crowd is not equally redistributed among all those who have contributed to the value production; all of the profits are captured by the large intermediaries who operate the platforms. Blockchain technology could change the way wealth is distributed ensuring that everyone will be duly compensated for their efforts and contributions.
Blockchain could redistribute value to make the sharing economy more fair
More of Today's Solutions
Gaza sisters turn rubble into bricks to rebuild their community
BY THE OPTIMIST DAILY EDITORIAL TEAM The house Tala and Farah Mousa were living in was bombed. So they looked at the rubble and ...
Read MoreChina’s renewable hydrogen capacity crosses one million tonnes
BY THE OPTIMIST DAILY EDITORIAL TEAM The numbers from China’s National Energy Administration tell a story that is clearest in two parts. First: over ...
Read MoreCalifornia is a crucial lifeline for medical residents seeking abortion training
In recent years, as states grapple with tightening abortion restrictions, medical residents seeking comprehensive training in reproductive medicine have faced significant hurdles. However, California ...
Read MoreKyrgyzstan builds 800,000-hectare ecological corridor to protect mountain bio...
BY THE OPTIMIST DAILY EDITORIAL TEAM In a bold and optimistic move for biodiversity, the Kyrgyz Republic has established a sweeping 800,000-hectare ecological corridor ...
Read More
