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Foundations of Cryptoeconomic Systems
Blockchain networks and similar cryptoeconomic networks are systems, specifically complex systems. They are adaptive networks with multiscale
spatio-temporal dynamics. Individual actions may be incentivized towards a collective goal with “purpose-driven” tokens. Blockchain
networks, for example, are equipped cryptoeconomic mechanisms that allow the decentralized network to simultaneously maintain a universal
state layer, support peer-to-peer settlement, and incentivize collective action. These networks represent an institutional infrastructure upon
which socioeconomic collaboration is facilitated – in the absence of intermediaries or traditional organizations. They provide a mission-critical
and safety-critical regulatory infrastructure for autonomous agents in untrusted economic networks. Their tokens provide a rich, real-time data
set reflecting all economic activities in their systems. Advances in network science and data science can thus be leveraged to design and
analyze these economic systems in a manner consistent with the best practices of modern systems engineering. Research that reflects all
aspects of these socioeconomic networks needs (i) a complex systems approach, (ii) interdisciplinary research, and (iii) a combination of
economic and engineering methods, here referred to as “economic systems engineering,” for the regulation and control of these socioeconomic
systems. This manuscript provides a conceptual framework synthesizing the research space and proceeds to outline specific research questions
and methodologies for future research in this field, applying an inductive approach based on interdisciplinary literature review and relative
contextualization of the works cited.Series: Working Paper Series / Institute for Cryptoeconomics / Interdisciplinary Researc