Posted in Information Technology & Systems, Total Reads: 467
Definition: Gift Economy
In information systems creation of free software or open source software is generally termed as gift economy. Open source software is a software where source code is provided along with the binaries so that user can modify it according to his/her mode of usage. Generally open source software creators connect and collaborate over the internet.
An open source software could be operating systems (eg. Linux, Android), databases (eg. MySQL, MongoDB), servers (eg. apache), cloud products, internet browsers (eg. Firefox, chrome), office softwares (eg. open office, libre office), content management softwares (eg. moodle, joomla, drupal) and other similar utilities. Generally these open source softwares provide a lot of help to startups and growing economies and thus they are termed as “gift economy”.
In recent times there has been a widespread usage and adoption of open source softwares across various domains and verticals. With more and more things moving to cloud there has been a rapid increase in usage of these products and hence the concept of gift economy has been growing at a rapid pace.