With the build-out of an IoT infrastructure a decentralized Collaborative Commons will continue to strengthen and expand across lateral networks as ownership gives way to access, competition is superseded by cooperation, buyers and sellers transition to prosumers, and markets yield to networks as the marginal cost of producing goods and services drops to near zero across all sectors of the economy. As this new economic paradigm unfolds, a hybrid economy will emerge where some industries based on the Commons will operate at near zero marginal cost, while other industries will continue to cling to capitalist consumer markets.
Companies such as Uber and Airbnb will attempt to bridge the gap between the two economies and take advantage of both. However, as truly decentralized peer-to-peer networks begin to take over at near zero marginal cost these hybrid companies will not last. Hybrid companies like Uber, Airbnb and YouTube, while facilitating lateral networks of exchange, continue to operate around a centralized third-party profit making company. Truly decentralized networks of exchange on the Commons will allow for direct peer-to-peer transactions without the need for third-party intermediary trust or involvement.
In the years to come, an increasing emphasis will be placed on decentralizing and democratizing everything. Already, Blockchain 2.0 communities are working to decentralize the internet itself, where websites, social media and stored data would be hosted across a distributed network rather than on any one set of centralized servers, similar to the way that Bitcoin operates