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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 |
PDF File | Download from ZORA |
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