Digital Protocols as Accounting and Incentivization Mechanisms in Anti-Rival Systems

• Article: Hakanen, E., Eloranta, V., Marttila, J., & Amadae, S. (2023). Digital Protocols as Accounting and Incentivization Mechanisms in Anti-Rival Systems: Developing a Shareable Non-Fungible Token (sNFT). In The Fifth Wave – BRIE-ETLA Collection of Articles (pp. 139-160). (ETLA Economic Research; No. B281). Elinkeinoelämän tutkimuslaitos ETLA.

URL = https://www.etla.fi/wp-content/uploads/ETLA-B281-05-article.pdf

Abstract

"Decentralized ledger technologies (DLT), such as blockchains, have been primarily designed to facilitate the exchange of unique, scarce items. This paper presents an alternative decentralization protocol based on anti-rival goods, which gain value in repeated use and are not confined by scarcity. We explain the technical approach behind the concept, referred to as shareable non-fungible tokens (sNFTs), and il- lustrate our argumentation by presenting a pilot case on supporting the community of Streamr – an open-source, decentralized platform for sharing and streaming data. In addition to introducing this new token standard, we contribute to the discussion on the design of decentralized protocols and the growth of digital commons at large."