Web3 Tools for Fair Monetization of Open Collaboration Business Models

Open collaboration business models (OCBMs) and software have existed since the 1950s but have been plagued by work ethic and financial bottleneck due to inadequate monetization schemes. OCBMs provide a range of advantages, primarily in accelerating problem solving & innovation, reducing costs, and enhancing security and transparency. Companies could establish sustainable revenue streams while benefitting from broad tech or platform adoption. However, fair revshare and credit attribution have been persistent problems with OCBMs. Businesses such as Diaspora, Soul Force, Sun Microsystems' Open Solaris, and others have experienced unsustainable OCBM initiatives, especially in the open-source software area. Web3 ethos-based business models and blockchain technologies provide an opportunity to correct and enforce many of the monetization strains associated with open collaboration. By decentralizing operational and governance control, free markets nested within companies that run themselves can be realized. The basic philosophy for a meritocratic monetization system with fair credibility-revshare automation is discussed.