Principles

Principles of platform-cooperativism built at the protocol-level

Blockchain can allow the creation of new forms of sharing economy organizations, which are not only dematerialized but also decentralized. These organizations — which have no director or CEO, or any sort of hierarchical structure — are administered, collectively, by all individuals interacting on a blockchain. As such, it is important not to confuse them with the traditional model of “crowdsourcing,” where people contribute to a platform but do not benefit from the success of that platform. Blockchain technologies can support a much more cooperative form of crowdsourcing — referred to as “platform cooperativism”— where users qualify both as contributors and shareholders of the platforms to which they contribute. And since there is no intermediary operator, the value produced within these platforms can be fairly redistributed among those who have contributed to the value creation. With this new opportunity for increased cooperativism, WeGotcha is transitioning the sharing economy as it exists today, to a true sharing and collaborative economy, the sharing economy 2.0 — one that is not controlled by a few large intermediary operators, but is governed by and for the people.