Incentive Markets Will Replace These Three Business Categories

Too Long; Didn't Read

Here at nCent Labs, we believe markets are a more efficient way to organize work at scale than firms. (For an introduction to how incentive markets can be formulated on a <a href="https://hackernoon.com/tagged/blockchain" target="_blank">blockchain</a>, see our recent post entitled <a href="https://medium.com/@kk_ncnt/the-success-of-incentive-centered-blockchain-markets-f7b63e998a31" target="_blank"><em>The Success of Incentive-Centered Markets</em></a>.) There are three meta-categories of incentive programs: <em>search</em>, <em>crowd</em>, and <em>social </em>programs. Each type offers different advantages and disadvantages, but they all increase the efficiency and value of an existing <a href="https://hackernoon.com/tagged/network" target="_blank">network</a>.