This proposal creates serious rethinking of our current economic theories, designing a radical tech-enabled ecosystem that not only harvests the abundance that 21st century economy offers but financializes the influence of that abundance to equitably share across the less privileged without taxing the privileged.
Economics has always been the epicentre of our gender-skewed sociocultural legacy that eludes inclusiveness, gender, social, environmental equalities & sustainability for centuries. Financialization, which is responsible for transforming our 'scarcity' based economy to one of 'abundance' is often blamed for the 2007-8 financial disaster, the aftermath of which produced DLT (digital ledger technology). DLT/Blockchain is destined to change economics as we know. DLT decentralizes governance & liberates financialization from perils of centralized control. 3 major lacunae in our current economic systems prevent us from harvesting the influence of abundance:
1) inadequate democratic governance,
2) incumbent practices are still "scarcity based" when in fact we are living in abundance,
3) lack of equitable, altruism-agnostic means to share "abundance" between peers.
The exponential rise in world GDP & billions of daily social media shares, tell us that humanity has evolved from economy of scarcity & capitalized silos to one of abundance & sharing. Nevertheless, our practices still follow old economic norms.
Introducing Sharonomics, the DLT-powered decentralized ecosystem that exploits the influence of abundance breaks the silos of capitalism & redistributes wealth equitably across masses. It exploits the power of abundance to create a new asset class- Influence Capital, that can be shared by those who 'have', with those who 'need', without risking anything of monetary value. Achieving sustainability is a colossal challenge. Funding it is even bigger. 11 partners, including 6 economists provide a good mix of interdisciplinary expertise to test & validate Sharonomics.
Democratizing Today’s Sharing Economy to Monetize Influence for Gender, Social and Cultural Empowerment
Acronym: SHARONOMICS
TOPIC ID: HORIZON-CL2-2022-TRANSFORMATIONS-01-05
# | Participant organization (acronym) | Type | Country | Expertise |
---|---|---|---|---|
P01 | UEHR: Institute of UrbanEnvironment & Human Resources | UNI | Greece | Project coordination, economic analysis |
P02 | BC5: Blockchain 5.0 Ltd | SME | Estonia | Cybersecurity, decentralization, Web3, IoT, DLT |
P03 | UTH: University of Thessaly | UNI | Greece | Pervasive computing, AI, software development |
P04 | HI: University of Iceland | UNI | Iceland | Sustainability, wellbeing economy, new economy,biophysical economy, system analysis |
P05 | AFL: Autonio Foundation Ltd | NGO | UK | DLT, decentralization, smart contract, algo-trading |
P06 | FTV: Fast Track Ventures | SME | Portugal | Investment, Business Development |
P07 | UD: University of Deusto | UNI | Spain | Financial economics, equity markets, investing decisions |
P08 | UNIFE: University of Ferrara | UNI | Italy | Sustainability, circular economy, eco-innovation |
P09 | F6S: Network Ireland Ltd (F6S) | SME | Ireland | Communication, exploitation & dissemination |
P10 | UZ: University of Zaragoza | UNI | Spain | Behavioral Finance, Performance Evaluation |
P11 | LGA: Logos Global Advisors | SME | France | Economics, governance, future of work |