Decentralization and the Future of Ridesharing

Summary

Around the world, emerging technologies are accelerating the transfer of power from top-down, centralized institutions to distributed networks driven by voluntary, peer-to-peer collaboration.

The services people once relied upon centralized institutions to provide, they are increasingly able to get directly from their peers.

Their coercive market position eroding, old-world corporations and governments around the world face irrelevance or extinction.

Here’s the point: Decentralized, peer-to-peer networks are evolutionarily superior to the bastardized corporate ‘sharing economy’ platforms like Uber and Lyft. Their billion-dollar budgets won’t save them from the inevitability of the blockchain-based peer-to-peer economy.