2022
DOI: 10.35490/ec3.2022.213
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What if properties are owned by no one or everyone? foundation of blockchain enabled engineered ownership

Abstract: Blockchain and smart contracts enable the network of hybrid autonomous human and machine agents. In this paper, we propose the concept of engineered ownership, a blockchain-based socio-technical governance system. A system of coded rules that defines the boundaries, shapes incentives and distributes rights among such autonomous agents. To lay a foundation for engineered ownership, we first study the nature of ownership by examining the concept of property. Shaped by history and ideologies, property rights are … Show more

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Cited by 6 publications
(3 citation statements)
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“…This allows for bottom-up value creation and transfer in regenerative systems. Furthermore, blockchain can engineer ownership for human and machine agents [58], encoding rights, incentives, and boundaries to non-human entities. The concept of inclusive ownership means that people, buildings, and nature can participate equally in the natural cycles and processes of the ecological system [36,59].…”
Section: Governance Of Ownership and Valuesmentioning
confidence: 99%
“…This allows for bottom-up value creation and transfer in regenerative systems. Furthermore, blockchain can engineer ownership for human and machine agents [58], encoding rights, incentives, and boundaries to non-human entities. The concept of inclusive ownership means that people, buildings, and nature can participate equally in the natural cycles and processes of the ecological system [36,59].…”
Section: Governance Of Ownership and Valuesmentioning
confidence: 99%
“…A digitally upgraded democracy may leverage Distributed Ledger Technologies (DLTs) to ensure values such as transparency, trust and autonomy by design [135][136][137][138]. In particular, DLT can be an enabling technology for a participatory Digital Democracy with novel governance mechanisms [139,140], for example by facilitating durable data storage and trusted computations [133,134,141].…”
Section: Distributed Ledgers: Enabling Technology For Participatory D...mentioning
confidence: 99%
“…First, DAOs are still in their infancy (El Faqir et al, 2020). Second, because of DAO infancy, there is too little tooling available for DAO development (El Faqir El Rhazoui, 2021;Santana and Albareda, 2022;Wang et al, 2022). Finally, DAO use for commons governance has remained speculative (Rozas et al, 2021a), and there is currently no clear view of how a DAO designed for commons governance would operate.…”
Section: Introductionmentioning
confidence: 99%