Decentralized organizations can survive economic success, because current digital tools permit secure and efficient accounting of high transaction volumes so that money can be shared appropriately without centralized dictators arbitrating the dispersal of funds.
Source quote, verbatim
They allow secure and efficient accounting of voluminous transactions that happen in a decentralized network, so that money can be shared appropriately in an organization without resorting to centralized dicta- tors arbitrating the dispersal of funds.
From
Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021), Chapter 9. Eight institutions, p. 3 https://ssrn.com/abstract=3782205 · source PDF
Cite as
Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205
Holds when
requires the digital storage, computation, networking, cryptography, and distributed computing tools described
Classification
mechanismsupport: argueddecentralization
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