Post-Platforms Foundation’s Post

The modern economy faces several major challenges, largely due to the structure of Web 2.0 platforms and their monopolistic nature. These platforms create barriers to entry, hoard user data, and charge high fees for basic services, all while stifling innovation. In truth, these platforms have merely hacked economy, much like Standard Oil did a century ago, by creating monopolies. We'll examine the key economic issues at play and explore how the introduction of Web 3.0 Data Space (W3DS) could resolve most of the Web 2.0 issues, paving the way for fair competition and more inclusive economy. Finally, we’ll look at whether the economy can become democratic and just, free from the Web 2.0 platform monopolies, and how this will differs from the Standard Oil case. #w3ds #digitaleconomy #postplatformsfoundation

Fixing Digital Economy with Web 3.0 Data Space

Fixing Digital Economy with Web 3.0 Data Space

Post-Platforms Foundation on LinkedIn

Interesting … it probably also means, that governments or other overhead bodies will not need to spent huge amounts of money on grants for scientific institutes to assure innovation and technical progress is properly stimulated. Natural competition will probably do most of the job. Let’s hope tax payers would then better enjoy the way their money is spent or maybe the taxes could be reduced 😉

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