Prediction markets are speculative markets, very similar to futures markets, which have been designed so that the prices can be interpreted as probabilities for events occurring and used to make predictions.
ICO, Initial Coin Offerings or first token sale, has become a new way to bootstrap a community, through pre-selling tokens that give users access to the futures services that the network will deliver. In an ICO, a … Read the rest
Economies are large-scale systems for the production and exchange of value within society. One of the key functions of economies and economics is to figure out what might happen in the future and enable economic development by … Read the rest
A central concern of economics is the question of how do people work together within some form of enterprise and then redistribute the value created by that collective effort, in a way that is optimal for the … Read the rest
The term used to describe the new forms of organization created by blockchain networks is “decentralized autonomous organizations.” But one could just as well term them “decentralized automated organizations” as the automation of basic organizational … Read the rest
In just the past few decades our world has been radically changed by the development of almost invisible layers of information networks that now wrap around the planet connecting ever more people into common exchanges.
Openness is one of the key design features of blockchain networks, they are inherently designed to enable intra-organizational collaboration. As soon as you start to use a blockchain to support a closed organization, you start to find … Read the rest
As we have previously talked about the central aim in the development of an enterprise or economy is linking the individual’s interests with the whole organization in order to achieve optimal overall outcomes.