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The Evolution of Exchange: From Barter Friction to Decentralized AI Infrastructures

GeneralInformationalKey takeawaysHow have transaction costs shaped the history of economic exchange?Why do digital platforms create new market frictions?How does AI-mediated commerce redefine market discovery?Can decentralized AI infrastructures decouple commerce from platform control?References

The Evolution of Exchange: From Barter Friction to Decentralized AI Infrastructures

The Evolution of Exchange: From Barter Friction to Decentralized AI Infrastructures. A conceptual and historical analysis of how technologies that reduce transaction costs repeatedly generate new forms of intermediation and market power, and how AI-mediated commerce may be reorganized through protocol-level infrastructures that decouple discovery from platform control.

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