TweakTown
Tech content trusted by users in North America and around the world
6,144 Reviews & Articles | 39,490 News Posts
Weekly Giveaway: Win an Antec Case, PSU and Cooler (Global Entry!)

Online drugs market Silk Road could have reduced violent crime

According to a study, the vast online drugs market, Silk Road, could have actually changed the illicit trade for the better

| Internet & Websites News | Posted: Jun 2, 2014 11:42 pm

Infamous "dark net" drugs trading website the Silk Road could have actually prevented violence, according to an unpublished study from researchers at the University of Manchester and University of Lausanne.

 

Because the volume of trade on the silk road was actually between drug dealers, there could have been a positive effect in both reducing street violence and raising the quality of products.

 

TweakTown image news/3/8/38167_01_online_drugs_market_silk_road_could_have_reduced_violent_crime.jpg

 

As the Verge reports, the Silk Road was bringing in over $89 million in sales yearly before it was shut down, up from an earlier estimate of $14.4 million roughly one year earlier, or a 600 percent annual increase. The researchers got some pretty up to date statistics as they'd gone over all listings just two weeks prior to the site closing - and of that revenue, a hefty 45 percent chunk was between dealers.

 

This potentially had a "paradigm shifting" effect on the drugs trade. Thanks to some baked in features on the site, including a feedback system, traders actually were encouraged to act with civility to one another.

 

"With Silk Road functioning to considerable degree at the wholesale/broker market level, its virtual location should reduce violence, intimidation and territorialism," the paper says.

NEWS SOURCES:Theverge.com

Related Tags

Further Reading: Read and find more Internet & Websites news at our Internet & Websites news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases