Distributed Data Economics

David Shrier ()
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David Shrier: Imperial College London

Chapter Chapter 5 in Disintermediation Economics, 2021, pp 69-90 from Springer

Abstract: Abstract Distributed ledgers offer new horizons of opportunity for the monetization of data, and new models whereby individual consumers gain more control over and benefit from their personal data, versus the predominant model of today that awards the greatest economic gains to the oligopoly platform companies. Understanding distributed data economics requires reviewing the lineage of data aggregation, the characteristics of legacy data economics, the rise of a new generation of data ecologies, and finally exploration of the potential of distributed data economics in the context of technology architecture, governance, societal implications, and distributed data policy. Data ethics and a framework for the related area of ethical artificial intelligence (and how it interacts with data) have not only moral implications, but real-world business impacts, as governments strengthen their responses to private sector activities in data monetization. Furthermore, as distributed data economies move from theory into practice, government policy interventions can smooth this transition.

Date: 2021
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DOI: 10.1007/978-3-030-65781-9_5

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