Alex Pentland, Alexander Lipton, Thomas Hardjono

Building the New Economy (eBook, ePUB)

Data as Capital

• Format: ePub

Produktbeschreibung

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.

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Produktdetails

• Verlag: MIT Press
• Seitenzahl: 474
• Erscheinungstermin: 12. Oktober 2021
• Englisch
• ISBN-13: 9780262367417
• Artikelnr.: 60920666

Autorenporträt

Alex "Sandy" Pentland directs the MIT-wide initiative MITConnection Science. Called one of the "seven most powerful data scientists in the world" by Forbes, he has cofounded more than a dozen companies and is the author of Honest Signals (MIT Press) and Social Physics. Alexander Lipton is Professor and Dean's Fellow at the Jerusalem Business School at the Hebrew University of Jerusalem, Cofounder and Chief Information Officer at Sila, and Connection Fellow at MIT. Thomas Hardjono is Technology Director of the MIT Connection Science and the MIT Trust::Data Consortium.

Inhaltsangabe

Chapter 1. Building the New Economy: What We Need and How to Get There by
Alex Pentland
Part I. The Human Perspective: New Types of Engagement
Chapter 2. Building Data Cooperatives by Alex Pentland and Thomas Hardjono
Chapter 3. Shared Data: Backbone of a New Knowledge Economy by José
Parra-Moyano, Karl Schmedders and Alex Pentland
Chapter 4. Empowering Innovation through Data Cooperatives by Thomas
Hardjono and Alex Pentland
Chapter 5. From Securitization to Tokenization by Charles Chang
Part II. Resilient Systems: Making Society Work Better
Chapter 6. The Tradecoin System by Alexander Lipton, Thomas Hardjono and
Alex Pentland
Chapter 7. Health IT: Algorithms, Privacy, and Data by Thomas Hardjono,
Anne Kim and Alex Pentland
Chapter 8. Narrow Banks and Flat-Backed Tokens by Alexander Lipton, Thomas
Hardjono and Alex Pentland
Chapter 9. Stable Network Dynamics in a Tokenized Financial Ecosystem by
Shahar Somin, Goren Gordon, Alex Pentland, Erez Shmueli and Yaniv Altshuler
Part III. Data and AI, a New Ecology
Chapter 10. Toward an Ecosystem of Trusted Data and AI by Alex Pentland and
Thomas Hardjono
Chapter 11. Stablecoins by Alexander Lipton, Aetienne Sardon, Fabian Schär
and Christian Schüpbach
Chapter 12. Interoperability of Distributed Systems by Thomas Hardjono,
Alexander Lipton and Alex Pentland
Chapter 13. Exchange Networks for Virtual Assets by Thomas Hardjono,
Alexander Lipton and Alex Pentland
Part IV. Conclusions
Chapter 14. Conclusion: Legal Algorithms by Alex Pentland
Contributors
Index