Finance 4.0: Design principles for a value-sensitive cryptoecnomic
system to address sustainability
- URL: http://arxiv.org/abs/2105.11955v1
- Date: Tue, 25 May 2021 14:09:50 GMT
- Title: Finance 4.0: Design principles for a value-sensitive cryptoecnomic
system to address sustainability
- Authors: Mark C. Ballandies and Marcus M. Dapp and Benjamin A. Degenhart and
Dirk Helbing
- Abstract summary: This paper proposes a design science research methodology with value-sensitive design methods to derive design principles for a value-sensitive socio-ecological cryptoeconomic system.
Design principles are implemented in a software that is validated in user studies that demonstrate its relevance, usability and impact.
- Score: 0.0
- License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
- Abstract: Cryptoeconomic systems derive their power but can not be controlled by the
underlying software systems and the rules they enshrine. This adds a level of
complexity to the software design process. At the same time, such systems, when
designed with human values in mind, offer new approaches to tackle
sustainability challenges, that are plagued by commons dilemmas and negative
external effects caused by a one-dimensional monetary system. This paper
proposes a design science research methodology with value-sensitive design
methods to derive design principles for a value-sensitive socio-ecological
cryptoeconomic system that incentivizes actions toward sustainability via
multi-dimensional token incentives. These design principles are implemented in
a software that is validated in user studies that demonstrate its relevance,
usability and impact. Our findings provide new insights on designing
cryptoeconomic systems. Moreover, the identified design principles for a
value-sensitive socio-ecological financial system indicate opportunities for
new research directions and business innovations.
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