Summary
TLDR: Blockchain technology has enabled a new business model called the protocol economy, which allows for digital property rights to be enforced through software and code without the need for intermediaries. This provides users with more control and ownership over their data and content compared to the entrenched platform economy controlled by tech giants.
Key Points
1. The protocol economy, enabled by blockchain technology, offers a new business model that allows for secure digital transactions without the need for intermediaries.
2. Blockchains enable digital property rights by enforcing digital scarcity and ownership through software and code, rather than relying on organizations and people.
3. This shift towards the protocol economy challenges the traditional business model of tech giants in the entrenched platform economy, giving users more control over their data and transactions.