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Bazaar Services
Decentralising trade
Computing
Isolated (no network)
Mainframe
Server/client
Peer-to-peer
Software Development
Individual coders
Strict hierarchy cathedral
Open-source hackers bazaar
Clones and forks (Github-style)
(Rough) Progression of Governance
Anarchy
Monarchy/Empire/Fiefdoms
Plutocracy/Aristocracy
Bureaucracy/Democracy
Communication
Word-of-Mouth (close to zero)
Press/Radio/Television
Internet
Mobile Mesh?
Distance sales
Back-of-magazine (close to zero)
Amazon
One Matchmaker, One Merchant
eBay/Amazon Marketplace
One Matchmaker, Many Merchants

No Matchmakers, Many Merchants
General Theme
Nothing
...strong individual imposes order; progress to...
Centralisation
...order enables cooperation; progress towords...
Decentralisation
Efficient
Resilient
Scalable
...or natural order?
Uberisation
Trade will suffer the
same fate
eBay was a trailblazer
eBay: Decentralised marketplace
Amazon Marketplace: same
Uber: Decentralised taxi
TaskRabbit: Decentralised labour
AirBnB: Decentralised hostelry
Matchmaker or Merchant?
Merchants is decentralised
...but
Matchmaking still centralised.
Why?
In a word,
Trust
Ethereum
Trust as a commodity
Provides a strong uncorruptible link between real-world and digital
Programmable value
smart contracts, guaranteed semantics, ...
Interoperability
ICAP/KYC/AML/decentralised reputation/
Enables...
Uber without Uber, Inc
eBay without eBay, Inc
AirBnB without AirBnB, Inc
Inclusive, globalised, village bazaar
Bazaar Services
Bazaar Services
Decentralising trade
Questions

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