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Aalto Observatory on Digital Valuation Systems

A Position Paper

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Book cover Internet Science (INSCI 2017)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 10750))

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Abstract

Money is a recognised factor in creating sustainable, affluent societies. Yet, the neoclassical orthodoxy that prevails in our economic thinking remains as a contested area, its supporters claiming their results to be objectively true while many economists outside of the neoclassical domain claim the whole system to stand on clay feet. Of late, the increased activity around complementary currencies suggest that the fiat money zeitgeist might be giving away to more variety in monetary system. New technologies, including blockchain and smart ledger technology, are able to support the use of shared and “open” financial accounting, to individuals and institutions alike. The transparency of financial data could lead the public towards greater understanding of the financial systems, thereby empowering them in their financial decision making. Alongside of specialists and decision makers’ capabilities, our project most pressingly calls for engaging the public into the process early on. Multidisciplinary competencies and academic collaboration are needed to take relevant action to investigate, imagine, and to foster novel ways for value creation. For this, we are forming the Aalto Observatory on Digital Valuation Systems, and proposing a series of empirical experiments, entailing a search for deeper understandings of functions in monetary systems.

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Author information

Authors and Affiliations

  1. Department of Communications and Networking, Aalto University, Konemiehentie 2, 02150, Espoo, Finland

    Jenni Huttunen & Pekka Nikander

Authors
  1. Jenni Huttunen
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  2. Pekka Nikander
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Corresponding author

Correspondence to Jenni Huttunen .

Editor information

Editors and Affiliations

  1. Information Technologies Institute, Thessaloniki, Greece

    Sotiris Diplaris

  2. Information Technologies Institute, Thessaloniki, Greece

    Anna Satsiou

  3. SINTEF, Oslo, Norway

    Asbjørn Følstad

  4. National Center for Scientific Research, Agia Paraskevi, Greece

    Michail Vafopoulos

  5. SINTEF, Trondheim, Norway

    Thomas Vilarinho

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Huttunen, J., Nikander, P. (2018). Aalto Observatory on Digital Valuation Systems. In: Diplaris, S., Satsiou, A., Følstad, A., Vafopoulos, M., Vilarinho, T. (eds) Internet Science. INSCI 2017. Lecture Notes in Computer Science(), vol 10750. Springer, Cham. https://doi.org/10.1007/978-3-319-77547-0_3

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  • DOI: https://doi.org/10.1007/978-3-319-77547-0_3

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-77546-3

  • Online ISBN: 978-3-319-77547-0

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