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
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