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Building the New Economy by Alex Pentland, Alexander Lipton and Thomas Hardjono
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Building the New Economy

Data as Capital

Data as Capital

By Alex Pentland, Alexander Lipton and Thomas Hardjono

By Alex Pentland, Alexander Lipton and Thomas Hardjono

By Alex Pentland, Alexander Lipton and Thomas Hardjono

By Alex Pentland, Alexander Lipton and Thomas Hardjono

Best Seller
Paperback $35.00

Oct 12, 2021 | ISBN 9780262543156

Ebook $25.99

Oct 12, 2021 | ISBN 9780262367417

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    Building the New Economy by Alex Pentland, Alexander Lipton and Thomas Hardjono
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    Oct 12, 2021 | ISBN 9780262367417

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      Oct 12, 2021 | ISBN 9780262543156

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    About Building the New Economy

    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.
     

    About Building the New Economy

    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.
     

    Also by Alex Pentland

    Honest Signals
    See all books by Alex Pentland

    Also by Alex Pentland

    Honest Signals
    See all books by Alex Pentland

    Product Details

    Category: Science & Technology

    Paperback | $35.00
    Published by MIT Connection Science & Engineering
    Oct 12, 2021 | 474 Pages | 5-1/4 x 8 | ISBN 9780262543156

    Category: Science & Technology

    Ebook | $25.99
    Published by MIT Connection Science & Engineering
    Oct 12, 2021 | 474 Pages | 5-1/4 x 8 | ISBN 9780262367417

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    Table Of Contents

    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

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