A Disruptive Idea for a Startup
Anyone interested in the idea? Let's try and build it. Will be fun!
[0] https://library.oapen.org/viewer/web/viewer.html?file=/bitstream/handle/20.500.12657/49519/9783030714000.pdf
Anyone interested in the idea? Let's try and build it. Will be fun!
[0] https://library.oapen.org/viewer/web/viewer.html?file=/bitstream/handle/20.500.12657/49519/9783030714000.pdf
"A Computational Social Science team at ETH Zürich has indeed worked on a concept and little demonstrator for a new financial system, called “Finance 4.0” or just “FIN4”, which combines blockchain technology with the Internet of Things (“IoT”).
What if communities could reward sustainable actions by issuing their own money (“tokens”)? Would people behave differently, when various externalities became visible and were actionable through cryptographic tokens? Could a novel, participatory, multi-dimensional financial system be created? Could it be run by the people for the people and lead to more societal resilience than today’s financial system (which is effectively one-dimensional due to its almost frictionless exchange)? How could one manage such a system in an ethical and democratic way?"