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Bibliographic Details
Main Author: Joel Adetokunbo, Adebodun Adeleye
Format: Recurso digital
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Published: Zenodo 2023
Online Access:https://doi.org/10.5281/zenodo.17169490
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Table of Contents:
  • <p>In this article, the authors discuss how the concept of <a href="https://ijetrm.com/issues/files/Sep-2023-21-1758443047-OCT202309.pdf" target="_blank" rel="noopener">digital cooperatives</a> is redefining ownership and wealth<br>distribution in the 21st -century economy. This is to investigate the types of new forms of collective ownership that<br>technology facilitates and how they may be used to mitigate inequalities caused by the conventional corporate and<br>platform models. The paper uses qualitative review and conceptual analysis of digital cooperative models, such as<br>platform cooperatives, blockchain-based ownership models, and decentralized autonomous organizations. It<br>emphasizes the way these models transform value creation by the centralized corporations to member-based networks<br>where profits, data, and decision-making have become more equally distributed. Some important conclusions are that<br>digital cooperatives are better placed to expand their economic contribution, generate trust by developing clear<br>governance frameworks, and develop sustainable growth by tying ownership to the concerns of their stakeholders.<br>They also show the strength against exploitative platform behavior because they put community good above<br>shareholder success. The conclusion reiterates the fact that despite the issues of scalability, regulation, and adoption<br>the digital cooperatives do offer a way forward to a more democratic and inclusive economy. Their redefinition of<br>ownership in the digital era provides some of the most innovative solutions to shared wealth generation, which can be<br>added to the international campaigns to promote equity and sustainability.</p>