DLT technology enables the creation of digital platforms where the benefits from network effects

DLT technology enables the creation of digital platforms where the benefits from network effects and shared digital infrastructure do not come at the cost of increased market power and data access by an intermediary.

This reduction in the cost of networking has profound consequences for market structure, as it allows startups and open-source projects to directly compete with entrenched incumbents through the design of platforms where the rents from direct and indirect network effects are shared more widely among participants (e.g., developers, users, investors), and no single player has full control over the #network.

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