Purpose-Driven Tokens

Description

Shermin Voshmgir and Michael Zargham:

Purpose-driven tokens are tokens that are programmed to steer automated collective action of autonomous network actors in a public network towards a collective goal in the absence of intermediaries [Voshmgir 2020]. They represent complex token systems and require complex system approach [Foster and Metcalfe 2012][Kurtz and Snowden 2003] to be modelled. Purpose-driven tokens that enable complex token systems differ from simple token systems in that they close the loop in so far as the system becomes autonomous and is not being steered by single institutions. Complex token systems requires mostly economic systems engineering, which we define on the intersection of information systems and economics including political economy and other related social science domains. Economic systems engineering can build on systems engineering [Sage 1992], [Blanchard and Fabrycky 1990],[Novikov 2016], but deals with research questions that model and steer aggregate agent behaviour, which brings us into the emerging field of complex systems engineering [Bar-Yam 2003] [Rhodes and Hastings 2003] that requires a multi-scale perspective on how to steer these systems."

(https://epub.wu.ac.at/7782/1/Foundations%20of%20Cryptoeconomic%20Systems.pdf)