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Decentralized Blockchain-based Organizations for Bootstrapping the Collaborative Economy

Project information

Grant agreement ID: 759207

Status

Ongoing project

  • Start date

    1 January 2018

  • End date

    31 December 2022

Funded under:

H2020-EU.1.1.

  • Overall budget:

    € 1 498 855

  • EU contribution

    € 1 498 855

Hosted by:

UNIVERSIDAD COMPLUTENSE DE MADRID

Spain

Objective

The Collaborative Economy (CE) is rapidly expanding through new forms of Internet labor and commerce, from Wikipedia to Kickstarter and Airbnb. However, it suffers from 3 main challenges: (1) Infrastructure: centralized surveillance that the central hubs of information exercise over their users, (2) Governance: disempowered communities which do not have any decision-making influence over the platform, and (3) Economy: concentration of profits in a few major players who do not proportionally redistribute them to the contributors.
How can CE software platforms be implemented for solving these challenges? P2PMODELS explores a new way of building CE software platforms harnessing the blockchain, an emerging technology that enables autonomous agent-mediated organizations, in order to (1) provide a software framework to build decentralized infrastructure for Collaborative Economy organizations that do not depend on central authorities, (2) enable democratic-by-design models of governance for communities, by encoding rules directly into the software platform, and (3) enable fairer value distribution models, thus improving the economic sustainability of both CE contributors and organizations.
Together, these 3 objectives will bootstrap the emergence of a new generation of self-governed and more economically sustainable peer-to-peer CE communities. The interdisciplinary nature of P2PMODELS will open a new research field around agent-mediated organizations for collaborative communities and their self-enforcing rules for automatic governance and economic rewarding. Bringing this proposal to life requires a funding scheme compatible with a high-risk/high-gain vision to finance a fully dedicated and highly motivated research team with multidisciplinary skills.

Host institution

UNIVERSIDAD COMPLUTENSE DE MADRID

Address

Avenida De Seneca 2
28040 Madrid

Spain

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 1 498 855

Beneficiaries (1)

UNIVERSIDAD COMPLUTENSE DE MADRID

Spain

EU Contribution

€ 1 498 855

Project information

Grant agreement ID: 759207

Status

Ongoing project

  • Start date

    1 January 2018

  • End date

    31 December 2022

Funded under:

H2020-EU.1.1.

  • Overall budget:

    € 1 498 855

  • EU contribution

    € 1 498 855

Hosted by:

UNIVERSIDAD COMPLUTENSE DE MADRID

Spain