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The ownership challenge in the Internet of things world

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  • Raina, Ajay
  • Palaniswami, M.

Abstract

The products of the fourth industrial revolution will come in the Internet of Things (IoT) architecture. They will be unified cyber-physical entities. A fallout of this paradigm is that our orthodox conceptions of private property and ownership will come under stress in ways not experienced before. The rights and boundaries of ownership will become obfuscated and hard to demarcate in the IoT-world. In this paper, we explore these issues from historical and theoretical perspectives to speculate on possible institutional and policy arrangements to manage the challenge. Towards this end, we propose a threshold utility principle of ownership that can serve as the starting point of addressing the private property and ownership challenge in the emergent IoT world.

Suggested Citation

  • Raina, Ajay & Palaniswami, M., 2021. "The ownership challenge in the Internet of things world," Technology in Society, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:teinso:v:65:y:2021:i:c:s0160791x21000725
    DOI: 10.1016/j.techsoc.2021.101597
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    References listed on IDEAS

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    7. Larissa Katz, 2011. "The Regulative Function of Property Rights," Econ Journal Watch, Econ Journal Watch, vol. 8(3), pages 236-246, September.
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    Cited by:

    1. Pal, Debajyoti & Zhang, Xiangmin & Siyal, Saeed, 2021. "Prohibitive factors to the acceptance of Internet of Things (IoT) technology in society: A smart-home context using a resistive modelling approach," Technology in Society, Elsevier, vol. 66(C).
    2. German Blanco & Rajeev K. Goel & Rati Ram, 2023. "What drives the production and diffusion of mobile apps? An international investigation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 828-838, March.
    3. Hemphill, Thomas A. & Longstreet, Phil & Banerjee, Syagnik, 2022. "“Automotive repairs, data accessibility, and privacy and security challenges: A stakeholder analysis and proposed policy solutions”," Technology in Society, Elsevier, vol. 71(C).

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