Tokenomics and blockchain tokens: A design-oriented morphological framework

Freni, Pierluigi; Ferro, Enrico; Moncada, Roberto

doi:10.1016/j.bcra.2022.100069

Cited by 33 publications

(23 citation statements)

References 11 publications

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“…In collaboration with the EVM-based ledger solutions, individual researchers and companies, such as OpenZeppelin, actively started to promote the usage of production-ready smart contract templates in the development process. Moreover, a particular focus on understanding tokenomics was proposed as a design-oriented morphological framework by Freni et al [ 16 ].…”

Section: Related Workmentioning

confidence: 99%

A Recommender System for Robust Smart Contract Template Classification

Gec

Stankovski²,

Lavbič³

et al. 2023

Sensors

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IoT environments are becoming increasingly heterogeneous in terms of their distributions and included entities by collaboratively involving not only data centers known from Cloud computing but also the different types of third-party entities that can provide computing resources. To transparently provide such resources and facilitate trust between the involved entities, it is necessary to develop and implement smart contracts. However, when developing smart contracts, developers face many challenges and concerns, such as security, contracts’ correctness, a lack of documentation and/or design patterns, and others. To address this problem, we propose a new recommender system to facilitate the development and implementation of low-cost EVM-enabled smart contracts. The recommender system’s algorithm provides the smart contract developer with smart contract templates that match their requirements and that are relevant to the typology of the fog architecture. It mainly relies on OpenZeppelin, a modular, reusable, and secure smart contract library that we use when classifying the smart contracts. The evaluation results indicate that by using our solution, the smart contracts’ development times are overall reduced. Moreover, such smart contracts are sustainable for fog-computing IoT environments and applications in low-cost EVM-based ledgers. The recommender system has been successfully implemented in the ONTOCHAIN ecosystem, thus presenting its applicability.

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Section: Related Workmentioning

confidence: 99%

A Recommender System for Robust Smart Contract Template Classification

Gec

Stankovski²,

Lavbič³

et al. 2023

Sensors

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show abstract

“…The results show that enterprise blockchain solutions A 2 , A 6 and A 5 received medium importance, with the ranks of 4 th , 5 th and 6 th orderly. A 2 delivers an “asset tokenization platform” to respond to long-lasting demands of the construction and real estate industry, “increase an asset's liquidity and traceability” and “raise funds for construction projects.” These types of enterprise blockchain solution is community-driven, where community members contribute to the viability of projects and the ecosystem by staking, buying and trading tokens in the secondary markets, thereby growing new tokenomic models (Freni et al. , 2022).…”

Section: Going Beyond “Enterprise Blockchain Solutions” For Creating ...mentioning

confidence: 99%

Enterprise blockchain solutions for vibrant construction ecosystem: Grey Ordinal Priority Approach

Sadeghi,

Mahmoudi,

Deng

et al. 2023

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PurposeThe aim of this article states that in each stage of the industrial revolution, only a few initiatives have been real game changers. In Industry 3.0, “Internet of Information” has transformed the business landscape via connectivity and communications. Enterprises could come together to spur innovation in a cooperative or competitive manner. In Industry 4.0, the “Internet of Value” has shown considerable benefits; and, blockchain technology is expected to touch all layers of a business ecosystem, and the construction industry is not an exception.Design/methodology/approachThis study aims to answer the “How do enterprise blockchain solutions contribute to the vibrancy of the construction ecosystem from social, economic, and environmental aspects?” Following a comprehensive literature review, the Grey Ordinal Priority Approach (OPA-G) is employed in multiple criteria decision analysis (MCDA). OPA-G can select functionally rich enterprise blockchain solutions that meet the needs of the future construction industry, while there is uncertainty in the input data.FindingsThe results from the case study show that organization under observation welcomes an enterprise blockchain solution that delivers services related to “renewable energy certificates” in the context of “smart cities and built environment”. Employing high-ranked blockchain solutions brings vibracy and sustainability to construction ecosystem in terms of “C6. decentralized finance and investment,” “C3. multi-party and cross-industry collaboration,” and “C8. data-driven value creation”.Originality/valueAt the micro level, blockchain solutions automate processes, streamline operations, and build new capacities on a new business model. At the macro level, blockchain creates a vibrant ecosystem based on transparency, decentralization, consensus-based democracy, interoperability, etc. Indeed, the capability of blockchain solutions at an enterprise scale (enterprise blockchain solutions) can shape a new construction ecosystem. The practical implications of current research are preparing executives for a fundamentally different next normal in construction.

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“…In summary, NFTs are creating new markets based on new forms of ownership. The value of NFTs, in essence, is coming from the same core dynamics of cryptocurrencies, which is users' shared agreement [12]. In other words, an NFT value comes from the users community one builds around it, and the more this community attracts engagements from users and become part of their everyday life, the more the value increases.…”

Section: S13 What Is Nft and How Does It Create Value?mentioning

confidence: 99%

“…The first element is "token economy", which is the redistribution of financial benefits to users through a platform-issued token, that conveys a right to its services and participation in its governance, but not necessarily to benefit from its revenue [4]. In general, there are five groups of token characteristics [12]: 1) technical, 2) behavior, 3) inherent value, 4) coordination, and 5) pseudo-archetypes (see [12] for definitions). While many of them are important for investment analysts, we argue that at the current stage of technology and public literacy, only few characteristics from the 'behavior' and 'coordination' domains to be the key features that may affect the posting behavior of users.…”

Section: Introductionmentioning

confidence: 99%

Monetization of social media engagements increases the sharing of false (and other) news but penalization moderates it

Alizadeh¹,

Hoes²,

Gilardi³

2022

Preprint

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Social media companies are introducing new features for users to monetize engagements, derived from blockchain-based decentralized social media. These steps are potentially worrisome. The monetization of engagements might create incentives to post objectionable content. However, it is unclear to what extent such negative outcomes are likely to occur. To address this question, we first administered a survey that showed that many users have a poor understanding of the mechanisms behind monetization. Second, we conducted a survey experiment to examine the effects of hypothetical monetary incentives. We find that a simple nudge about the possibility of earning money for user engagements increases the willingness to share different kinds of news, including misinformation. The presence of penalties for objectionable posts diminishes the positive effect of monetary rewards on misinformation sharing, but it does not eliminate it. These results have policy implications for content moderation practices if platforms embrace decentralization and monetization.

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Tokenomics and blockchain tokens: A design-oriented morphological framework

Cited by 33 publications

References 11 publications

A Recommender System for Robust Smart Contract Template Classification

A Recommender System for Robust Smart Contract Template Classification

Enterprise blockchain solutions for vibrant construction ecosystem: Grey Ordinal Priority Approach

Monetization of social media engagements increases the sharing of false (and other) news but penalization moderates it

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