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Until recently, most data interoperability techniques involved central components, e.g., global schemas or ontologies, to overcome semantic heterogeneity for enabling transparent access to heterogeneous data sources. Today, however, with the democratization of tools facilitating knowledge elicitation in machine-processable formats, one cannot rely on global, centralized schemas anymore as knowledge creation and consumption are getting more and more dynamic and decentralized. Peer Data Management Systems (PDMS) implementing semantic overlay networks are a good example of this new breed of systems eliminating the central semantic component and replacing it through decentralized processes of local schema alignment and query processing. As a result semantic interoperability becomes an emergent property of a self-organizing system.