What is decentralization? I say decentralization is the future, and after reading this post, I am sure you will agree. Imagine a world where people have all the right to manage their will, free to say anything that they wish, a world where a central entity can’t control your behavior or set norms that are unfair and most often monopolistic. So to simply take away the power of central institutions and give that power back to the people who hold a stake in that institution can be termed decentralization. Wait but the internet is already decentralized, right? cause we have the right to express our views on many social media and how is that different from the decentralized media?. That is exactly what those multibillion-dollar companies want you to believe and trust me that is not true at all.
But on the real internet, one or two clicks away from that handful of conglomerates, there remains a wider, more diverse, and more generous world. Often run by volunteers, frequently without any obvious institutional affiliation, sometimes tiny, often local, but free for everyone online to use and contribute to, this internet preceded Big Tech, and inspired the earliest, most optimistic vision of its future place in society.
When Big Tech is long gone, a better future will come from the seed of this public interest internet: seeds that are being planted now, and which need everyone to nurture them until they’re strong enough to sustain our future in a more open and free society.
One of the most important real-world applications in decentralisation-of-things are decentralised autonomous organisations or DAOs.
These are entities that are programmatically leaderless, anonymous, and decentralised.
In simple terms, DAOs are organisations that are governed by programming language and can function autonomously without human managerial activity and without interference from any governments.
This is contrasted with traditional organisations that must comply with local laws and involve delegating decisions to key agents who might act against the organisation’s interests.
The latter problem is what economists term the “principal-agent” dilemma.
DAOs promise to solve this problem since they do not have chief executive officers or managers to steer the organisation; instead, members self-govern and vote collectively on all decisions which are immutably recorded unto the blockchain ensuring tamper-proof bookkeeping.
The internet has given way to crowdfunding opportunities in many different forms. For some companies, the traditional and centralized approach – with its lack of transparency, high fees, and other drawbacks – remains favorable due to its “legacy appeal”. Centralized platforms are more commonly used than their decentralized counterparts, but that narrative can change over the coming years.
The advantages of decentralized crowdfunding solutions are visible for everyone to see. More transparency, global availability, and lower fees will benefit both companies and potential investors alike. To make these benefits stand out, project operators will need to enhance the overall appeal of blockchain-based crowdfunding solutions. Landing some big projects, or tackling prominent industries such as renewable energy, are potential ways to achieve that goal.
Mercer and co-author Anjum Khurshid, M.D., Ph.D., say blockchain holds great potential as “techQuity”– technology that provides innovative solutions to advance health equity. Blockchain is a decentralized, digital ledger system that uses encryption to share information or transactions across a network of computers. Once verified, each “block” of new information is linked to the existing block, creating a chain of secure data that a person can access anytime, anywhere.
“The architecture of blockchain technology makes it a unique solution for managing identities of vulnerable people, allowing them to secure their information and control when and where that data gets shared,” said Khurshid, director of data integration in Dell Med’s Department of Population Health. “For instance, if you need to prove you’re over 18 years old, that information can be validated through blockchain without having to share your driver’s license.”
Net proceeds from the NFT sales will be donated to the not for profit Boys & Girls Clubs of America, to fund hunger-focused programs and bring nutritious food to cities across the US.
Dole global president Pier-Luigi Sigismondi said the company had sought out Datuna because it knew it could not provide access to good nutrition for 1 billion people alone.
“To create systemic change, we need to converge purpose with creativity, innovation and technology. This effort is the best representation of how we want to make a difference in this world,” Sigismondi said.
Blockchain, by its very nature, is secure, immutable, and easily auditable. Blockchain allows patients to maintain full ownership and autonomy over their data rather than an organization or specific healthcare facility. This allows them total control over their data sharing. Data is decentralized, making unauthorized access to the patients’ data a near impossibility.
The Solve.Care platform is designed to allow any insurer in the U.S. or worldwide to easily configure and launch Care Networks that automate benefits administration, improve their payment administration dramatically, and improve clinical care outcomes while achieving total compliance with all applicable state and federal laws.
Digitalisation is one of the biggest gifts we have received from this pandemic. From healthcare, to our workplaces, to education, it has now touched every aspect of our lives, and like never before.
Perhaps the biggest change that happened around us was how everything decentralised. Organisations and governments realised that, much like in IT systems, decentralisation brings in resilience and ensures continuity. This phenomenon played itself everywhere – in work, healthcare, education, retail, hospitality.
The pandemic has proven that consistent access to high-speed internet is an essential good. Without it, urgent tasks like applying for unemployment, attending school, scheduling a vaccine appointment, and seeing loved ones are difficult or impossible. Those who’ve finally gotten connected during the pandemic say it provides a sense of normalcy and safety amidst crisis. Advocates of equitable access say the internet is no luxury but instead a utility like water, gas, or electricity, and that Americans like Wright shouldn’t be left behind to bridge the digital divide on her own.