2 research outputs found

    Decentralized Token Economy Theory (DeTEcT)

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    This paper presents a pioneering approach for simulation of economic activity, policy implementation, and pricing of goods in token economies. The paper proposes a formal analysis framework for wealth distribution analysis and simulation of interactions between economic participants in an economy. Using this framework, we define a mechanism for identifying prices that achieve the desired wealth distribution according to some metric, and stability of economic dynamics. The motivation to study tokenomics theory is the increasing use of tokenization, specifically in financial infrastructures, where designing token economies is in the forefront. Tokenomics theory establishes a quantitative framework for wealth distribution amongst economic participants and implements the algorithmic regulatory controls mechanism that reacts to changes in economic conditions.\par In our framework, we introduce a concept of tokenomic taxonomy where agents in the economy are categorized into agent types and interactions between them. This novel approach is motivated by having a generalized model of the macroeconomy with controls being implemented through interactions and policies. The existence of such controls allows us to measure and readjust the wealth dynamics in the economy to suit the desired objectives.Comment: 24 pages, 5 figures, 8 table

    The Future of Cybercrime: AI and Emerging Technologies Are Creating a Cybercrime Tsunami

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    This paper reviews the impact of AI and emerging technologies on the future of cybercrime and the necessary strategies to combat it effectively. Society faces a pressing challenge as cybercrime proliferates through AI and emerging technologies. At the same time, law enforcement and regulators struggle to keep it up. Our primary challenge is raising awareness as cybercrime operates within a distinct criminal ecosystem. We explore the hijacking of emerging technologies by criminals (CrimeTech) and their use in illicit activities, along with the tools and processes (InfoSec) to protect against future cybercrime. We also explore the role of AI and emerging technologies (DeepTech) in supporting law enforcement, regulation, and legal services (LawTech)
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