Key takeaways from HSE — Higher School of Economics lecture on token economy

Last week Vasily went to HSE — Higher School of Economics to lecture on post-industrial economy and token value. Having had a lively aftermath discussion with students, we’d like to share some bullet points here:

1. Major features of post-industrial economy are :

- shift from industrial mass production to sample production: the production is becoming cheaper, while the cost of a sample is growing

- community becomes the main asset and is no longer limited by geographical areas

- extremely high business profitability with decentralized blockchain networks as the peak of the process that started with social media and online services.

2. Things to consider when integrating a token into business processes:

- both business and the users should be getting some additional value

- token becomes an essential part of business performing one of the following functions: internal utility-token; a payment instrument that gives some sort of benefit in the platform’s network (discounts, loyalty points, reduced commission rates, etc.); a financial asset.

3. A digital asset value criteria:

- community trust

- product scope

- speculative expectations

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