I am very proud to announce that the tokenomics auditing framework is published by the Journal of the British Blockchain Association.

Tokenomics, the study of token economies, is a rapidly evolving field that originated around 2017 with the growth of Ethereum and the possibilities it offered for creating tokens. This led to the generation of artificial economies with novel incentive alignment. By 2018, the significance of tokenomics in the Web 3.0 space was widely recognized, driving innovations in blockchain like DeFi, whether through successful lending and borrowing protocols or failed experiments like Terra/Luna.

As blockchain adoption expands, the focus in tokenomics is transitioning from simple utility designs to complex, interconnected economies. One emerging trend is tokenomics auditing, a practice that examines and suggests improvements to token economy designs, which often become too complex to evaluate in practice.

The rise of tokenomics auditing represents a step towards standardization in the field. While still somewhat subjective, there is a growing push to develop an objective, expert-approved auditing framework. This would provide a structure for auditors to follow and assess token economies based on uniform criteria.

*****************

Make sure to go to http://thedatascientist.com for more content around data science, AI and blockchain.

📈 FOLLOW ME ON INSTAGRAM

https://www.instagram.com/stelios_thedatascientist/

🤖 FOLLOW ME ON TWITTER

https://twitter.com/s_kampakis

👔 IF YOU ARE A CEO CHECK OUT THE TESSERACT ACADEMY

http://tesseract.academy

👨‍🎓👩‍🎓 IF YOU WANT TO JOIN MY DATA SCIENCE BOOTCAMPS VISIT BEYOND MACHINE

https://beyond-machine.com/

🎵 FOLLOW ME ON SPOTIFY

https://open.spotify.com/show/7sabUEMokmVFDD3hSpQ9wE

Podcast: Geospatial data, data science and more!

The Data Scientist PodcastBy Stylianos KampakisJul 25, 2022