Leading Digital Socio-Economy to Efficiency -- A Primer on Tokenomics

Lamberty, Ricky; Poddey, Alexander; Galindo, David; Waard, Danny de; Koelbel, Tobias; Kirste, Daniel

doi:10.48550/arxiv.2008.02538

Cited by 3 publications

(4 citation statements)

References 5 publications

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“…However, the design of an incentive (or a penalty for non cooperating members) is tightly dependent on the specific application context and is beyond the scope of this paper. The new-born discipline of tokenomics deals with this kind of design, often involving game theoretic considerations (see [37] for an introduction about tokenomics).…”

Section: Motivating the Participationmentioning

confidence: 99%

Efficient Certification Of Endpoint Control On Blockchain

Shiyam,

et al. 2024

2024 2nd International Conference on Artificial Intelligence and Machine Learning Applications Theme: Healthcare and Internet O

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under the ''LazioChain'' Project (CUP F85F21001550009-POR project code A0375E0116) and in part by the Sapienza Project ''La disintermediazione della Pubblica Amministrazione: il ruolo della tecnologia blockchain e le sue implicazioni nei processi e nei ruoli della PA.'' ABSTRACT Proving that an endpoint (e.g. URL, telephone number, etc.) is controlled by a subject is crucial in many applications. In the web, this is witnessed by the widespread adoption of HTTPS. In centralized architectures, this task is usually carried out by trusted certification authorities (CAs). In decentralized applications, for example based on blockchains, or for self-sovereign identity management (SSI), it would be desirable to perform these checks in a decentralized way, relying on the collective behavior of a society of individuals rather than on a single trusted entity. In any case, the result should be a widely usable certificate, as in the centralized CA case. In this paper, we show two blockchain-based methods to prove the association between a subject and an endpoint in a decentralized manner. Our methods are compatible with a wide variety of endpoints and contribute to fill the gap of the current SSI approaches with respect to decentralization. We analyze the security of our proposal and provide a proof-of-concept implementation. We also evaluate performances, costs, and compatibility with current standardization efforts about SSI.

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Section: Motivating the Participationmentioning

confidence: 99%

Efficient Certification Of Endpoint Control On Blockchain

Shiyam,

et al. 2024

2024 2nd International Conference on Artificial Intelligence and Machine Learning Applications Theme: Healthcare and Internet O

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“…The development of blockchain technologies has led to the development of a new direction in the economy, referred to as crypto-economics or "tokenomics" [10]. In general, crypto assets can be classified into two main categories, according to their principal function: native coins and crypto tokens.…”

Section: Tokenomics Powered Business Modelmentioning

confidence: 99%

“…[9] presented how smart contracts and blockchain tokens can be used for third-party certification in the agri-food supply chain. Furthermore, trustworthy wireless sensor networks for monitoring environmental conditions have been introduced, suggesting possible intersections with tokenization for reliable and secure data handling [10]. More specifically related to agriculture, Ref.…”

Section: Introductionmentioning

confidence: 99%

Energy Efficiency in Agriculture through Tokenization of 5G and Edge Applications

et al. 2023

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This study delves into the potential of 5G and blockchain technologies in smart agriculture, specifically targeting remote farming sectors. A conceptual architecture is proposed, aiming to leverage these cutting-edge technologies while ensuring energy efficiency and sustainable development within the agriculture industry. We provide an in-depth analysis of 5G applications and explore alternative communication channels that could empower remote communities, introducing them to state-of-the-art technological solutions. A unique aspect of our research is the detailed presentation of a parametric insurance business case, designed to align with the proposed architecture, thereby illustrating the practicality of our approach. Moreover, we propose an innovative solution to the challenge of providing internet connectivity in rural areas using Unmanned Aerial Vehicles (UAVs). Current limitations due to the weight of onboard equipment, which includes an access network and a backhaul link for internet provision, are addressed by introducing a lightweight 5G system onboard the UAV. This system serves multiple user equipment on the ground, with one acting as a connection gateway to the internet. This unique approach not only streamlines the process of providing rural internet connectivity but also opens up new markets for service providers and businesses related to lightweight 5G systems and UAV technology. Our work presents an avant-garde solution to technical challenges and offers significant business opportunities in the rapidly evolving telecommunications sector and beyond.

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“…It is worth mentioning that, since different sets of rules result in different "economic behavior", the new field of study called tokenomics (heavily based on game theory; see, for example, [6,[117][118][119][120]) aims at understanding and foreseeing the effect of a certain set of rules.…”

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confidence: 99%

Blockchain as IoT Economy Enabler: A Review of Architectural Aspects

Pennino

Pizzonia

Vitaletti

et al. 2022

JSAN

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In the IoT-based economy, a large number of subjects (companies, public bodies, or private citizens) are willing to buy data or services offered by subjects that provide, operate, or host IoT devices. To support economic transactions in this setting, and to pave the way for the implementation of decentralized algorithmic governance powered by smart contracts, the adoption of the blockchain has been proposed both in scientific literature and in actual projects. The blockchain technology promises a decentralized payment system independent of (and possibly cheaper than) conventional electronic payment systems. However, there are a number of aspects that need to be considered for an effective IoT–blockchain integration. In this review paper, we start from a number of real IoT projects and applications that (may) take advantage of blockchain technology to support economic transactions. We provide a reasoned review of several architectural choices in light of typical requirements of those applications and discuss their impact on transaction throughput, latency, costs, limits on ecosystem growth, and so on. We also provide a survey of additional financial tools that a blockchain can potentially bring to an IoT ecosystem, with their architectural impact. In the end, we observe that there are very few examples of IoT projects that fully exploit the potential of the blockchain. We conclude with a discussion of open problems and future research directions to make blockchain adoption easier and more effective for supporting an IoT economy.

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Leading Digital Socio-Economy to Efficiency -- A Primer on Tokenomics

Cited by 3 publications

References 5 publications

Efficient Certification Of Endpoint Control On Blockchain

Efficient Certification Of Endpoint Control On Blockchain

Energy Efficiency in Agriculture through Tokenization of 5G and Edge Applications

Blockchain as IoT Economy Enabler: A Review of Architectural Aspects

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