Finance 4.0 -- towards a socio-ecological finance system : a participatory framework to promote sustainability / Marcus M. Dapp, Dirk Helbing, Stefan Klauser, editors.
This Open Access book outlines ideas for a novel, scalable and, above all, sustainable financial system. We all know that today’s global markets are unsustainable and global governance is not effective enough. Given this situation, could one boost smart human coordination, sustainability and resilie...
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| Other Authors: | , , |
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| Format: | Ebook |
| Language: | English |
| Published: |
Cham, Switzerland :
Springer,
[2021]
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| Series: | SpringerBriefs in applied sciences and technology,
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| Subjects: | |
| Online Access: | Springer eBooks Access via Directory of Open Access Books |
| Summary: | This Open Access book outlines ideas for a novel, scalable and, above all, sustainable financial system. We all know that today’s global markets are unsustainable and global governance is not effective enough. Given this situation, could one boost smart human coordination, sustainability and resilience by tweaking society at its core: the monetary system? A Computational Social Science team at ETH Zürich has indeed worked on a concept and little demonstrator for a new financial system, called "Finance 4.0" or just "FIN4", which combines blockchain technology with the Internet of Things ("IoT"). What if communities could reward sustainable actions by issuing their own money ("tokens")? Would people behave differently, when various externalities became visible and were actionable through cryptographic tokens? Could a novel, participatory, multi-dimensional financial system be created? Could it be run by the people for the people and lead to more societal resilience than today’s financial system (which is effectively one-dimensional due to its almost frictionless exchange)? How could one manage such a system in an ethical and democratic way? This book presents some early attempts in a nascent field, but provides a fresh view on what cryptoeconomic systems could do for us, for a circular economy, and for scalable, sustainable action. |
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| Physical Description: | 1 online resource (ix, 109 pages) : illustrations. |
| ISBN: | 3030713997 9783030713997 3030714004 9783030714000 |
| ISSN: | 2191-530X |