martinz1995
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- Jan 12, 2022
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So the whole blockchain revolution has been regarded by many as a way to bring back control to society away from big tech companies (who are often platform business models part of the sharing economy) e.g. Uber, Amazon, Airbnb, Etsy.
Many complain that these big tech companies are the middleman in transactions as they take a large portion of the profits e.g. Uber takes about 27.5% from each driver. This is obviously just the nature of all business, to generate profit through the workforce.
Now the blockchain revolution is claiming that this problem will no longer exist - because big tech companies will be replaced by blockchain transactions.
However the blockchain that is developed to carry out the transaction must have some incentive correct? No one just goes out to develop a blockchain software/platform for the fun of it.
So when people claim that blockchain will remove the platform/centralised nature of big tech companies - I think this would just lead to another form of centralisation. I mean sure Uber is not as centralised as a taxi company where the owners take 40-50% of profits but it makes up for this in scale. Now imagine a blockchain for taxi rides. Ultimately won't the blockchain technology control the entire transaction, giving it ultimate power?
Many complain that these big tech companies are the middleman in transactions as they take a large portion of the profits e.g. Uber takes about 27.5% from each driver. This is obviously just the nature of all business, to generate profit through the workforce.
Now the blockchain revolution is claiming that this problem will no longer exist - because big tech companies will be replaced by blockchain transactions.
However the blockchain that is developed to carry out the transaction must have some incentive correct? No one just goes out to develop a blockchain software/platform for the fun of it.
So when people claim that blockchain will remove the platform/centralised nature of big tech companies - I think this would just lead to another form of centralisation. I mean sure Uber is not as centralised as a taxi company where the owners take 40-50% of profits but it makes up for this in scale. Now imagine a blockchain for taxi rides. Ultimately won't the blockchain technology control the entire transaction, giving it ultimate power?
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