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

ABSTRACT


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.


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