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A dual model of ownership

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Title: A dual model of ownership
Authors: Gürgüç, Z
Learney, RM
Item Type: Journal Article
Abstract: The transparency and visibility engendered in Distributed Ledger Technology allows, for the first time, disparate stakeholders to agree on common resource existence, ownership, and rules of exchange, while keeping the coordination costs comparatively low with respect to earlier methods. This infrastructure can finally facilitate a self-organizing market mechanism, where people can decide upon the market rules themselves and potentially self-select into any particular marketplace dependent upon their personal beliefs and preferences. Reinventing the apparatus of the economy upon shared distributed infrastructure may finally allow the emergence of actual shared ownership, unlike the existing systems where short-term rentals or access-based consumption are often confused with sharing and social exchange.
Issue Date: Jul-2020
Date of Acceptance: 17-Jun-2020
URI: http://hdl.handle.net/10044/1/84503
DOI: 10.3389/fbloc.2020.00030
Publisher: Frontiers Media SA
Start Page: 1
End Page: 6
Journal / Book Title: Frontiers in Blockchain
Volume: 3
Copyright Statement: © 2020 Gürgüç and Learney. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
Sponsor/Funder: Engineering & Physical Science Research Council (E
Funder's Grant Number: n/a
Publication Status: Published online
Open Access location: https://doi.org/10.3389/fbloc.2020.00030
Online Publication Date: 2020-07-14
Appears in Collections:Imperial College Business School

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