Editors:
Explains thought-provoking new financial system boosting sustainable action
Discusses design principles and process including ethical considerations
Presents working blockchain-based demonstrator to experiment with
Is an open access book
Part of the book series: SpringerBriefs in Applied Sciences and Technology (BRIEFSAPPLSCIENCES)
Buying options
Table of contents (5 chapters)
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Front Matter
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Back Matter
About this book
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.
Keywords
- Future Money
- Socio-Ecological Finance
- Blockchain-Based Incentive Systems
- Sustainable Development Goals
- Distributed Ledger Technology
- Cryptoeconomics
- Token Engineering
- Open Access
Editors and Affiliations
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Computational Social Science, ETH Zurich, Zürich, Switzerland
Marcus M. Dapp, Stefan Klauser
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Computational Social Science, ETH Zürich, Zürich, Switzerland
Dirk Helbing
About the editors
Dirk Helbing is Professor of Computational Social Science at ETH Zürich. He is elected member of the German Academy of Sciences “Leopoldina”. In January 2014 he received an honorary doctorate from TU Delft, where he was affiliate professor from 2015-2020, leading the PhD school "Engineering Social Technologies for a Responsible Digital Future".
Marcus M. Dapp is Senior Research Assistant at the Chair of Computational Social Science at ETH Zürich and Research Associate at UCL Centre for Blockchain Technologies. His interests are cryptoeconomics for sustainability, the interrelation between value and money, peer-to-peer governance models, and digital ethics.
Stefan Klauser is Co-founder & CEO of aisot, a Fintech company specialized in data analytics and predictive signals with a special focus on digital assets. Before founding aisot, Stefan was Project Lead for FuturICT 2.0 / FIN4 at the Professorship of Computational Social Science at ETH Zürich.
Bibliographic Information
Book Title: Finance 4.0 - Towards a Socio-Ecological Finance System
Book Subtitle: A Participatory Framework to Promote Sustainability
Editors: Marcus M. Dapp, Dirk Helbing, Stefan Klauser
Series Title: SpringerBriefs in Applied Sciences and Technology
DOI: https://doi.org/10.1007/978-3-030-71400-0
Publisher: Springer Cham
eBook Packages: Computer Science, Computer Science (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2021
License: CC BY
Softcover ISBN: 978-3-030-71399-7Published: 14 May 2021
eBook ISBN: 978-3-030-71400-0Published: 13 May 2021
Series ISSN: 2191-530X
Series E-ISSN: 2191-5318
Edition Number: 1
Number of Pages: IX, 109
Number of Illustrations: 28 illustrations in colour
Topics: Blockchain, Financial Technology and Innovation, Capital Markets, Macroeconomics and Monetary Economics