Business/Companies/Backfeed

• Website: http://backfeed.cc

See http://www.geektime.com/2015/08/19/backfeed-wants-to-decentralize-the-internet-and-help-you-earn-what-you-deserve/ for more info.

Status

• Backfeed’s platform is currently (August 2015) in development, but the founders predict it will launch in about a year.

What is Backfeed?

• Backfeed will be a platform for all kinds of groups that want to cooperate to create decentralized organizations. There will be decentralized taxi services, decentralized social networks, decentralized insurance companies, even decentralized school systems.

Examples

• For instance, let’s say your child’s preschool teacher is excellent, and all the parents would like to pay her a bonus to stay on for another year. But in the current system, salaries are determined by a bureaucracy and the only way for her to earn more is to move to another job or another profession, an outcome neither she nor the parents want. “A community of 10,000 people could run their own educational system,” explans Serphos. “The collective decides together how much the teacher receives. Good teachers get more money. The worst ones will leave because they won’t be getting what they think they should be getting.” You can imagine the possibilities: Your boss doesn’t sufficiently value your work or refuses to give you a raise? In the present system, your only option is to leave your job. In a decentralized organization, your contribution will be determined by the community in real time, not by a single person who happens to have a higher position than you. However, if the entire community fails to value your contribution, and you feel unappreciated, your best option is still to go elsewhere.

Questions

• Is Part-up (www.part-up.com) also a decentralized application? Not yet, they have plans to become open source.
• Are all open source projects decentralized projects?