The Role of Blockchain and Decentralization in the Digital Economy

Public Blockchains are open-source and hybrid or decentralized which disrupt organization models we have today with steep hierarchies to more flatter organizations. This is a key impact in moving from shareholder capitalism to multi-stakeholder capitalism during Industry 4.0 and the 4th Industrial Revolution as we move from the Industrial Economy to the Smart Economy. Decentralized forms of governance can level the playing field and disintermediate political and economic asymmetries that are common in our institutions from big tech corporations to large banks.