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Contribution Details
| Type | Conference or Workshop Paper |
| Scope | Discipline-based scholarship |
| Published in Proceedings | Yes |
| Title | Tokenization of the Common: An Economic Model of Multidimensional Incentives |
| Organization Unit | |
| Authors |
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| Presentation Type | paper |
| Item Subtype | Original Work |
| Refereed | No |
| Status | Published in final form |
| Language |
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| ISBN | 979-8-4007-0458-1 |
| Page Range | 37 - 42 |
| Event Title | Middleware '23: 24th International Middleware Conference |
| Event Type | conference |
| Event Location | Bologna, Italy |
| Event Start Date | December 11 - 2023 |
| Event End Date | December 15 - 2023 |
| Series Name | DICG : Proceedings of the International Workshop on Distributed Infrastructure for the Common Good |
| Publisher | ACM Digital library |
| Abstract Text | The concept of the tragedy of the commons, originally rooted in economics, describes the depletion of shared resources due to self-interested actions by individuals. This work proposes a novel solution to address this economic challenge by leveraging tokens to capture its multidimensional nature. By utilising blockchain and DLTs, this decentralised approach aims to achieve a social optimum while promoting self-regulation. The paper presents a mathematical treatment of the tragedy of the commons, incorporating multi-dimensional tokens and exploring the divergence from the classic optimal solution, highlighting the potential of tokenisation in shaping a sustainable and efficient economy. |
| Digital Object Identifier | 10.1145/3631310.3633486 |
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