The Knowledge vs crowdsourcing-optimized algorithms
The evolving principles of governance as a platform and a government service licence as a “digital key” provisioned by the crowd for the betterment of the crowd.
A developing story is the backlash aimed at algorithms of network economics, where Airbnbs and Ubers of the world make their formal advance before the established formal structures established by the pro-forma code of conduct of hiring licensed professionals.
The state of regulation is where it has been hundreds of years of ago where local authorities needed to establish some semblance of a market medium where consumers could trust and engage in commercial activities with producers vetted by the authorities. The reasons for that were quite simple — to protect the interests of a brimming commerce centers.
Today, where a number of independent mechanisms insure the transparent culture of commerce, the licence one need to obtain shifts more to a formal lien (an entitlement of a producer to engage in commerce as sanctioned by the regulator — where means of coercion it the licence’s cost one need to recover through his hard labour).
Hence, the licence quickly follows the road of being an incentive or a level to leverage necessary resources one need to put it to ensure a robust experience for users. For banking that would be controlling for reserves a system needs to put in place to control for risks of excessive lending while proposing a clear and straightforward advice for consumers. The way one should operate slowly casts from a first-borne experience to a codified and followed rite of passage: turns to a knowledge based code available to those following it by the letter.
The slow motion of licensed industries is turned upside-down when the knowledge is challenged by a corwd-sourced experimentation, a new wave of tests put forward to apply new sets of data and exemplify the new approach that could be facilitated by usage of these data-sets.
Also, the rigid structures that before could be only held accountable by laws implemented rigorously by force, today structures are effectively using the fabric of the web — the standard protocol of communication, available to more and more people and as such, universally accepted. The new standards of enforcing the modus operandi — a real code of conduct, changes the economics model of governance.
Moreover, the code base of any system can evolve and improve the efficiency of end points for input/output and overall throughput of data.
The economical sense of a licence withers away as it forebears a new system accounting for:
- the number of data inputs and how they interact within the system
- the incentive of both producers and consumers and how they engage with each other
- the system can gamify and calculate the effectiveness score of each producer and how they contribute to the overall satisfaction of the consumer getting the advice / service he applied for and calibrate how each element would compete for the next consumer.
This all promises big improvements for how state would invest in provisioning of basic services based on unified goals the crowd votes for and how these services are fulfilled by the producers.
The license should evolve in a digital key with the public denomitator available to the crowd and through that controlling for how the services are provisioned. This sounds familiar to my earlier thoughts on privacy and data access framework but overall synching to the the geek community being enfatuated by the promise of blockchain, the universal token of identity and trust — and volition.
