siliconindia | | November 20198raditionally, businesses have been creating value intrin-sically. With advent of the Internet and the Digital tech-nologies, the value creation has moved out to the ecosystem with co-creation at its core. The business entity's intent, size and complexity remained almost the same with role changing from owning the value cre-ation to acting as its gate-keeper. This centralization of power continued as earlier, and consumers remained hos-tage to their agenda. Is there a way for the democratiza-tion of the value generation activity at scale which is traditionally owned by business entities?Platform AlternativeRemember torrents? When people used this peer-to-peer technology to IN MY opinionTTHE GENESIS OF DISTRIBUTED LEDGER TECHNOLOGIES AND THE ONLINE DEMOCRATIZATIONBy Avnish Mehta, Director - Digital Transformation, Collabera Inc.With over 15,000+ professionals globally, Collabera Inc. offers Global 2000 companies comprehensive IT and professional staffing and services to help them achieve their business objectives.connect anywhere in the world to share movies, music etc.? It had no central authority and yet operated on global scale with ease. The `asset' or `value' was stored lo-cally and shared when requested. The P2P software aided the discoverabil-ity. The incentive in absence of cen-tral authority was that, that with more `assets' out there, the accessibility to diverse assets was better. Also, this ensured that only in-demand (qual-ity) assets dominated. This sort of incentivization is part of the `Game Theory' that deals with strategies of the participants that lead to desired outcomes. While torrents usage in-fringed on law, the P2P technology and the involved incentives provided
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