The nature of working and ways of earning money are changing. On the rise is on-demand employment, which is also known as the sharing economy, the gig economy, the 1099 economy or peer-to-peer economy. There is a rapid growth of the amount of gig workers, who provide freelance, contracted work via digital platforms on a short-term basis. In 2017 Uber alone in the United States had almost half a million drivers providing their services. The dazzling success of Uber additionally inspires business-models that are gig-based.

Gig workers are of various backgrounds, some of them are delivery-people, drivers, personal assistants, cleaners, dog-sitters, programmers, teachers, marketing specialists, journalists, and even lawyers. The genealogy of the World Wide Web is helpful for understanding the context of gig economy. Arguably we have entered the third phase of the internet. The first phase made it possible to search and access the information. The second phase facilitated selling of things, including books, music, and file sharing. Now the third phase further expands the grasp of the internet in such a way that labor, skills, effort, and time can be sold…

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Source:

1. Lobel, O. (2017). The gig economy & the future of employment and labor law. USFL Rev., 51, 51.

The changing nature of earning money was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

The growth of the internet, by any measure, over the last decades has been astonishing. For the telephone it took 75 years to attain 50 million users, for television it took 13 years, and for the web it took just 5 years. In a few brief decades the internet has progressed from a vague technological novelty to being as essential and basic to our livelihood as electricity. Over the past decades we have seen how the Internet has transformed almost every aspect of society and industry, from entertainment to news, business to politics, and commerce to communications…

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Sources:

1. Fang, I., & Norris, A. (2005). The Story of Communication, vol. 11, Internet. St. Paul, Minn.: Rada Press.

2. Montal, T., & Reich, Z. (2017). I, Robot. You, Journalist. Who is the Author? Authorship, bylines and full disclosure in automated journalism. Digital journalism, 5(7), 829–849.

3. Sagan, P., & Leighton, T. (2010). The Internet & the future of news. Daedalus 139(2), 119–125.

The Internet and the evolution of news was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

Those who don’t remember how it was back in the day, try to imagine how the days went before the advent of the internet. In those days majority of the people received the most amount of their news from national and local television news broadcasts. The amount of news stories included in 60 or 30 minutes of news was comparatively small, and most news stories were running for a minute or at most for two minutes.

Also, television news stories were planned out in such a way that they run in a specific order. So, for example, to get information about weather or sports events, people had to sit through news lead stories on a range of topics (mostly international, national, and local public affairs). Needless to say, the world of news that is described here is very different from the world of news that exists presently…

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Sources:

1. Pew Research Center for the People and the Press. 2010. Americans spending more time following the news: Ideological news sources: Who watches and why. http://people-press.org/2010/09/12/americans-spending-more-time-following-the-news
2. Tewksbury, D., & Rittenberg, J. (2012). News on the Internet: Information and Citizenship in the 21st Century. Oxford University Press.

News on the Internet was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

The institution of money is swiftly evolving due to advances in computer-based cryptography. Technological innovation has prepared the ground for electronic cash-like instruments that no longer require expensive financial intermediaries we use presently to settle payments. Due to technical advances, it is possible to create cost-effective electronic alternatives to coins and banknotes, which are the conventional physical currencies. The newer currencies that are variously called crypto, digital, and electronic currencies have already been supplied by private issuers.

These electronic alternatives are as convenient as debit cards, potentially safer than deposits and cheaper to use while being as peer-to-peer as the traditional cash. Consequently, there is significant interest from both public and private financial institutions to understand whether or not there is an opportunity for currency innovation…

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Sources:

1. Camera, G. (2017). A perspective on electronic alternatives to traditional currencies. Sveriges Riksbank economic review, 1, 126–148.

2. Dwyer, G. P. (2015). The economics of Bitcoin and similar private digital currencies. Journal of Financial Stability, 17, 81–91.

The rise of electronic currencies was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

Across a wide spectrum of domains we are witnessing a shift away from the exclusive consumption of resources and ownership to the one of shared consumption and use. This shift benefits from innovative, new forms of voluntary peer-to-peer sharing that is facilitated by internet-based mediation platforms and exchange markets. Presently flourishing part of the world’s economy deals with digitally facilitated peer-to-peer exchange. In recent years this form of exchange has expanded dramatically, moving beyond simple free file exchange and retailing to human-intensive, personal services such as city-to-city and urban transportation, hosted accommodation, neighborhood logistics, equity crowdfunding, peer-to-peer lending, and decentralized manufacture.

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Sources:

1. Benjaafar, S., Kong, G., Li, X., & Courcoubetis, C. (2018). Peer-to-peer product sharing: Implications for ownership, usage, and social welfare in the sharing economy. Management Science, 65(2), 477–493.

2. Cohen, M., & Sundararajan, A. (2015). Self-regulation and innovation in the peer-to-peer sharing economy. U. Chi. L. Rev. Dialogue, 82, 116.

The rise of peer-to-peer exchange was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

The internet as we know it is showing signs of age, since it was devised more than 40 years ago. There are quite a few central points of failure for the traditional internet, these include the Domain Name System servers, public-key infrastructure, and centralized data stores storing end-user data. The centralized services as well get frequently hacked. The core internet infrastructure has security problems and the web services with centralized data models have exposed weaknesses in the original design of the internet.

However, there are new developments in place which aim to address some of these shortcomings in the design of the internet. One such development is Web3, that is based on blockchain technology and represents a progression in the digital infrastructure. It facilitates peer-to-peer exchange between users, which means there is no place for trusted intermediaries…

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Sources:

1. Ali, M., Shea, R., Nelson, J., & Freedman, M. J. (2017). Blockstack: A new decentralized internet. Whitepaper.

2. Potts, J., & Rennie, E. (2019). Web3 and the Creative Industries: How Blockchains Are Reshaping Business Models. Forthcoming in S. Cunningham (ed.) A Research Agenda for Creative Industries.

Shortcomings in the design of the internet was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

In our current age the data has acquired the same importance to production as capital, labor, and land. For nowadays technology start-ups little office space and capital is required. But without the right kind of data and talent a successful, growing takeoff is highly unlikely. It is anticipated that by 2020 there will be at least 16 zettabytes of useful data. That equals 16 trillion gigabytes. According to one estimate in 10 years there will exist 150 billion measuring sensors connected to the network. From then on, every 12 hours the volume of data will double. Already many companies are trying to get big money from big data.

Big data is one of the emerging fields, where innovative technology provides new ways of extricating value from the voluminous amount of new information. The capability to extract knowledge and effectively manage information is now perceived as a key competitive advantage. Many organizations are establishing their core business on the ability to analyze and collect information, to extract business insight and knowledge…

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Sources:

1. Cavanillas, J. M., Curry, E., & Wahlster, W. (2016). New horizons for a data-driven economy: a roadmap for usage and exploitation of big data in Europe. Springer.

2. Helbing, D., Frey, B. S., Gigerenzer, G., Hafen, E., Hagner, M., Hofstetter, Y., & Zwitter, A. (2019). Will democracy survive big data and artificial intelligence?. In Towards Digital Enlightenment (pp. 73–98). Springer, Cham.

3. Turner, V., Gantz, J. F., Reinsel, D., & Minton, S. (2014). The digital universe of opportunities: rich data and the increasing value of the internet of things. Rep. from IDC EMC.

Why should you own your data? was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

The landscape of financial ecosystems is changing. Present technology systems of financial institutions are commonly decades old and consist of patches, updates, and integrations that are difficult to navigate. These kind of systems are costly, constrain organizational agility, and limit the strategic options as the financial ecosystem keeps evolving. Across many parts of the Western world, the critical infrastructure and financial infrastructure that links together institutions is approaching the point of replacement. Meanwhile, the critical components that comprise the financial ecosystem are progressively vulnerable to threats from hackers.

However, there can arise new opportunities if the cutting edge technologies are integrated into these systems…

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Sources:

1. Arslanian, H., & Fischer, F. (2019). Fintech and the Future of the Financial Ecosystem. In The Future of Finance (pp. 201–216). Palgrave Macmillan, Cham.

2. Arslanian, H., & Fischer, F. (2019). The Crypto-asset Ecosystem. In The Future of Finance (pp. 157–163). Palgrave Macmillan, Cham.

3. Wang, A. W. (2018). Crypto Economy: How Blockchain, Cryptocurrency, and Token-Economy Are Disrupting the Financial World. Simon and Schuster.

A brief look at the emerging financial disruptions was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

Let’s address the future trajectory of the internet and Fulldive Browser’s role in this trajectory. One of the trends of relevance for the evolution of the internet is the merging of everyday objects and traditional computing devices. The precursor for this development in some way has been set by the smartphones, as they blur the distinction between such distinct topics as computing and telephony.

Subsequently, as more devices are merged in such a way, there arises a scenario, where the internet becomes a seamless continuity of networked objects. This will encompass a proliferation of services and content anywhere and anytime, bringing along new applications and changing the way we live, interact and work…

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Source:

Pereira, R., & Pereira, E. G. (2015). Future internet: trends and challenges. International Journal of Space-Based and Situated Computing, 5(3), 159–167.

The Future Of The Internet was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are living in the digital age in which there is an unparalleled ability to collect information about people, whether through the social media or through electronic surveillance by the security agencies. Some people proclaim that they have nothing to hide as they are not engaging in any criminal activities, so they don’t worry about intrusions on their privacy. However, there are some things that even the most open individual would want to hide. Majority of attempts to comprehend privacy do so by attempting to pinpoint its essence — the core characteristics or the common denominator that chains together the various things associated with privacy.

However, privacy is too complex to be reduced to a single essence. It is comprised of different things. For example, intrusion on privacy can happen by the disclosure of someone’s deepest secrets. It can also be invaded if someone is watched upon, even though no secrets are released. Blackmail and the improper use of someone’s data constitutes another form of intrusion upon privacy. Privacy can also be invaded if the government amasses an extensive dossier about someone. Thus, when confronted with the myriad of privacy problems, the nothing-to-hide argument has nothing to offer because it has a narrow understanding of privacy…

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Source:

Solove, D. J. (2011). Why privacy matters even if you have ‘nothing to hide’. Chronicle of Higher Education, 15.

Why privacy matters? was originally published in Fulldive on Medium, where people are continuing the conversation by highlighting and responding to this story.