LIBERTY POSSIBILITIES IN CONDITIONS OF DIVERSIFIED DATA AND VALUE SOURCES: BLOCKCHAIN TECHNOLOGY AND DECENTRALIZATION

Abstract

It is a process that happens as a result of the interaction of many elements throughout human history. Destructions, as well as human inventions and breakthroughs, play a significant role in the evolution of the universe. While creative destructions weaken the common traditional frameworks that existed before them, they also liberate human actors, allowing them to create discoveries that would otherwise be impossible. Consequently, the internet revolution that occurred throughout the final quarter of the twentieth century drove the preconceptions of human communication to evolve and transform. Meanwhile in the twenty-first century's first quarter, the advent of blockchain technology is undermining the power of centralized authorities, which act as a sort of middleman between parties engaged in human contact and interaction. Moreover, the ability to conduct data and value transfers between people outside of centralized authority supervision and limits constitutes creative destruction, with unforeseeable social, political, and economic consequences. Individuals can share data and values "peer to peer" without being controlled by a sovereign centralized authority, which represents one of the most comprehensive revolutions in human communication history. Aiming to contribute to that understanding, this research investigates how the liberation of human actors rises in situations in which data and value sources are diversified through the use of blockchain technology.