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Building the New Economy

Data as Capital

Paperback Engels 2021 9780262543156
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How to empower people and communities with user-centric data ownership, transparent and accountable algorithms, and secure digital transaction systems.

Data is now central to the economy, government, and health systems—so why are data and the AI systems that interpret the data in the hands of so few people? Building the New Economy calls for us to reinvent the ways that data and artificial intelligence are used in civic and government systems. Arguing that we need to think about data as a new type of capital, the authors show that the use of data trusts and distributed ledgers can empower people and communities with user-centric data ownership, transparent and accountable algorithms, machine learning fairness principles and methodologies, and secure digital transaction systems.

It's well known that social media generate disinformation and that mobile phone tracking apps threaten privacy. But these same technologies may also enable the creation of more agile systems in which power and decision-making are distributed among stakeholders rather than concentrated in a few hands. Offering both big ideas and detailed blueprints, the authors describe such key building blocks as data cooperatives, tokenized funding mechanisms, and tradecoin architecture. They also discuss technical issues, including how to build an ecosystem of trusted data, the implementation of digital currencies, and interoperability, and consider the evolution of computational law systems.

Specificaties

ISBN13:9780262543156
Taal:Engels
Bindwijze:paperback
Aantal pagina's:432
Uitgever:MIT Press Ltd
Druk:1
Verschijningsdatum:12-10-2021
Hoofdrubriek:IT-management / ICT
ISSN:

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Over Alex Pentland

Alex Pentland is een pionier als het gaat om het benutten van informatiestromen en prikkels in sociale netwerken. Hij is professor aan MIT, de big data-expert van het World Economic Forum en adviseert bedrijven zoals Google, Nissan en Motorola. Eerder schreef hij Honest Signals: How They Shape our World. Hij won de DARPA Internet Grand Challenge, waarvoor zijn team 10 rode ballonnen in de VS moest lokaliseren, en ontwikkelde een methode waardoor bevers vanuit de ruimte geteld kunnen worden.

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        Building the New Economy