<aside>

"Blockchains are a new institutional technology that will have deep and long run effects on economic organization. Institutional innovation at this scale is rare. If our analysis is right, distributed ledgers are an institutional innovation with comparable significance to the invention of the joint stock company in the sixteenth century or the spread of representative democracy in the nineteenth: they are a new mechanism with which we govern and coordinate economic activity.” — Potts et al. (2019)

</aside>

Cryptoeconomics systems are complex socioeconomic networks defined by:

1. Individual autonomous actors
2. Economic policies embedded in software
3. Emergent properties arising from the interactions of those actors according to the software defined rules

An Introduction To: “Foundations of Cryptoeconomic Systems

Global adoption of cryptoeconomic systems is on the rise, most notably in the form of public and permissionless blockchain networks such as Bitcoin and Ethereum. Public blockchains are enabling new forms of global coordination among individuals and opening up new frontiers in geopolitical competition among nation-states and corporations.

As cryptoeconomic systems continue their growth, they can also serve as an ideal laboratory for research on complex adaptive systems. They are permissionless, transparent, open-source, and programmable systems which generate vast amounts of data in the form of blockchains which serve as historical records of all activity on the system.