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Introduction to Decentralization and Ownership in Web3

In: Tokenizing the Future

Author

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  • Gustav Hemmelmayr

    (BOTLabs GmbH (Schreibt Ausdrücklich Unter Nennung Seines Namens))

Abstract

This article examines the domain of decentralization, a concept closely connected to Blockchain and Distributed Ledger Technologies, as well as Web3-based projects. It starts by exploring the technical foundations of decentralization and its pivotal role in the success of Bitcoin and the evolution of its technology. Following this, it examines the potential for ownership and control in applications built on these protocols or similar decentralized technologies. The article further categorizes the opportunities for decentralized ownership and control into four emerging tiers: distributed governance, distributed protocol token, distributed software, and applications of this software that offer decentralized asset ownership in various sectors. Emphasis is placed on how decentralization can disrupt the status quo by shifting power to individual users, thereby ushering in a new era of digital ownership, autonomy, and privacy.

Suggested Citation

  • Gustav Hemmelmayr, 2025. "Introduction to Decentralization and Ownership in Web3," Springer Books, in: Wolfgang Prinz & Daniel Trauth (ed.), Tokenizing the Future, pages 547-570, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-91405-8_37
    DOI: 10.1007/978-3-031-91405-8_37
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