Venture Capital Firm Union Square Ventures has neatly explained how value is accrued at the data layer on the Web. As the data layer, as opposed to the underlying HTTP protocol layer, is very much centralised and privately owned, this explains how some companies have been able to get extremely rich. This is to the detriment of innovation. Their post Crypto Tokens and the Coming Age of Protocol Innovation by Albert Wenger explains this in detail.
I’ve added a new page to the theory section of this website. There I explain how Perspectives is similar to Blockchain in providing an alternative to the centralised data layer of the current web. I also show how it is different from Blockchain and why we don’t need tokens to create incentives for creators.
Perspectives implements a neat separation of concerns with respect to subscription payment, creation and distribution.
Head over to Perspectives on Data!