Research Highlight: Fishcoin: Early Lessons in Tokenizing Social Impact Part II
Today, we are excited to highlight exciting research conducted by Emergence looking at lessons in tokenizing social impact. The full article can be read on Medium HERE.
Fishcoin: Early Lessons in Tokenizing Social Impact Part II
Michael Cooper
Emergence
“How can we incentivize data sharing in fragmented seafood supply chains that often begin (almost 90% of the time) in the developing world?” -Fishcoin
Supply chains are networks, and when networks are managed via a token that incentivizes desired behavior and dis-incentivizes undesired behavior, that network has now become a tokenized ecosystem.
“Tokenization” is a term that will become increasingly familiar as blockchain technology permeates societies. This is partly due to the fact that a primary benefit of using blockchains, and one of the primary reasons to use one, is to create new ways for individuals to transact with each other without the use of a trust agent . Once these trust agents are not needed, new possibilities emerge to create new forms of value within bootstrapped economic ecosystems like seafood supply chains. Or, as was demonstrated in the last post, when there is no trust agent, tokens can fill the vacuum with a trusted ledger upon which to transact across regulatory and geographic borders.
But none of this happens without a token because the token provides the governance for the new economic ecosystem.
