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webocracy 

Like its predecessor, bureaucracy, webocracy means all of the forms, documentation and policies you need to wade through to get anything done. Webocracy is simply "lots of paperwork and wasted time", only online or via the Internet.
The patient tried to access her medical records via the new online system, but was confused and discouraged after wading through all of the webocracy.
webocracy by Wurdnurd November 15, 2013
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Wikocracy 

The empowerment of citizens through the free flow of information through public institutions like government. When all citizens have the ability to be publishers of information that was hoarded by traditional power structures that have benefited from such secrecy.
The shift from authoritarian democracy to wikocracy was first seen when all citizens became publishers of news, and not just traditional media.
Wikocracy by Édouard-Henri Avril December 20, 2010
Related Words

Webcrack 

A reference to addictive Internet based games.
E.g.Popomundo, Cyber Nations, Astro Empires, Ogame, Battle Dawn
Sam is hooked on that webcrack!
Webcrack by Atomp July 11, 2007