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oapen-20.500.12657-495192021-06-15T07:20:38Z Finance 4.0 - Towards a Socio-Ecological Finance System Dapp, Marcus M. Helbing, Dirk Klauser, Stefan Professional Computing Financial Engineering Capital Markets Macroeconomics/Monetary Economics//Financial Economics Blockchain Financial Technology and Innovation Macroeconomics and Monetary Economics Future Money Socio-Ecological Finance Blockchain-Based Incentive Systems Sustainable Development Goals Distributed Ledger Technology Cryptoeconomics Token Engineering Open Access Applied computing Finance Macroeconomics Monetary economics bic Book Industry Communication::U Computing & information technology bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCB Macroeconomics This Open Access book outlines ideas for a novel, scalable and, above all, sustainable financial system. We all know that today’s global markets are unsustainable and global governance is not effective enough. Given this situation, could one boost smart human coordination, sustainability and resilience by tweaking society at its core: the monetary system? 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? This book presents some early attempts in a nascent field, but provides a fresh view on what cryptoeconomic systems could do for us, for a circular economy, and for scalable, sustainable action. 2021-06-14T09:30:04Z 2021-06-14T09:30:04Z 2021 book ONIX_20210614_9783030714000_22 9783030714000 https://library.oapen.org/handle/20.500.12657/49519 eng SpringerBriefs in Applied Sciences and Technology application/pdf Attribution 4.0 International 9783030714000.pdf https://www.springer.com/9783030657680 Springer Nature Springer 10.1007/978-3-030-71400-0 10.1007/978-3-030-71400-0 6c6992af-b843-4f46-859c-f6e9998e40d5 07f61e34-5b96-49f0-9860-c87dd8228f26 9783030714000 Swiss National Science Foundation (SNF) Springer 109 [grantnumber unknown] Schweizerischer Nationalfonds zur Förderung der Wissenschaftlichen Forschung Swiss National Science Foundation open access
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This Open Access book outlines ideas for a novel, scalable and, above all, sustainable financial system. We all know that today’s global markets are unsustainable and global governance is not effective enough. Given this situation, could one boost smart human coordination, sustainability and resilience by tweaking society at its core: the monetary system? 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? This book presents some early attempts in a nascent field, but provides a fresh view on what cryptoeconomic systems could do for us, for a circular economy, and for scalable, sustainable action.
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