Creating alignment of incentives, usually by creating skin in the game, is a challenging task for any mechanism designer. Here, we dive into risk asymmetry and give a couple of examples of networks with skin in the game.
There’s more data collected today than ever before, but the legal and technical ownership of that data is an increasingly complicated problem we need to solve to realise the web 3.0.
Famously, Gregory Barber sold his personal data for a whooping 0.3 US cents. Today we look into the marginal value of data, and how we as consumers can capture the value our data creates.