What if lawyers had to scrounge for work on mechanical turk.

Is the sharing economy just the renting economy and will true decentralization harm or aid fair labor?

If it's inevitable that block-chain technology will eventually decentralize some of our core systems such as currency, law and transportation, will we see a trend of devaluation of everyday labor?

Let's say that a block-chain Uber service would allow us to cut out any centralized company and passengers could connect to drivers without any real middleman. Who would cover liability issues? Who would regulate and watch out for cartels? Would prices stay at a reasonable rate?

We already seeing the "sharing economy" benefit from having a decentralized workforce. Companies like Uber can raise and lower wages at a whim and are not obligated to provide traditional workplace benefits. 

Companies such as Uber however, are not really decentralized at all but are merely benefitting from the cultural branding of the sharing economy. In reality it is a renting economy, with only a few huge renting managers.  

So what if the block-chain takes away the need for middlemen like major ridesharing companies and banks. Will true decentralization take away any oversight and regulation that were making sure these services were at least somewhat fair? What regulating bodies will oversee these new systems?

I am both cautious and optimistic about the future of these systems. As we construct this technology, we must be cognizant of the incredible positive and negative potential it holds.

Aaron StevensComment