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Finance 4.0 - Towards a Socio-Ecological Finance System : A Participatory Framework to Promote Sustainability

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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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Availability

Detail Information

Series Title

SpringerBriefs in Applied Sciences and Technology (BRIEFSAPPLSCIENCES)

Call Number

001 FIN

Publisher

Cham : Springer Cham., 2021

Collation

IX, 109

Language

English

ISBN/ISSN

978-3-030-71400-0

Classification

001

Content Type

text

Media Type

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Carrier Type

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Edition

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Subject(s)

Professional Computing

Specific Detail Info

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Statement of Responsibility

Penyunting, Marcus M. Dapp, Dirk Helbing, Stefan Klauser

Other Information

Cataloger

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Source

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Validator

Maya

Digital Object Identifier (DOI)

https://doi.org/10.1007/978-3-030-71400-0

Journal Volume

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Journal Issue

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Subtitle

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Parallel Title

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