A Token-Based Reward System - Validating the Ledger through Participation

"In this vision, tokens are more than digital assets; they are the currency of participation, driving a culture of active involvement in our interconnected world."

In an era of interconnectedness and the pursuit of innovative solutions, "The Global Manifesto" introduces a groundbreaking concept—a global incentive system built upon a token-based framework. This visionary system inspires participation and deters negative behaviours that may hinder engagement. Through this mechanism, it not only safeguards unwavering commitment to the ledger system but also upholds the integrity of its records.

Tokens: The Currency of Participation

In this context, tokens take on a unique role. They cease to be mere digital assets and instead become the currency of participation. These tokens are designed to be appreciated as they underpin the growth and vitality of the network they support. In essence, they reward those who actively engage while discouraging actions that might obstruct participation.

Drawing inspiration from Sesame Credit, an initiative by Ant Financial, a subsidiary of Alibaba, this token-based system pioneers a novel approach. Sesame Credit introduced a social credit scoring system that calculated individuals' social credit scores based on various factors, from online shopping habits to business interactions and online behaviour. This innovative system sought to establish a foundation of social trust by assigning credit scores grounded in objective measures such as online transaction history, tax payment records, and traffic infractions. However, it encountered limitations due to its reliance on subjective judgments to determine trustworthiness.

The Objective Nature of Participation

In stark contrast to the subjectivity of traditional systems, allocating value based on participation is inherently objective. It's a binary concept: you either participate or don't, leaving no room for ambiguity. This objectivity forms the cornerstone of incentivising participation, eliminating the need for subjective judgments. While Sesame Credit's measures, such as online transactions, can be objectively quantified, the determination of trustworthiness remained a subjective assessment. In the proposed system, incentives are directly tied to an individual's overall Contribution Score, erasing the need for subjective trustworthiness judgments.

Participation Knows No Bounds

Participation isn't confined to a singular activity—it encompasses diverse interactions and engagements. In this system, participants are rewarded with tokens for many actions. These actions span the use of wearables, the utilization of smart devices, the reporting of work engagements, engagement in online activities, active involvement in social media, participation in media-related activities, the use of e-commerce and online banking platforms, credit card usage for retail transactions, membership in social, recreational, and sporting activities, verification of interactions with professionals, and even subconscious engagement with IoT intelligence and smart infrastructure.

Quantifying Participation for Validation

Every transaction, interaction, and activity contributes to the quantification of an individual's level of participation. The more data is entered and exchanged through smart contracts, the more robust the ledger becomes. This quantification serves as a powerful mechanism for reinforcing and validating the accuracy of the ledger. The more one participates, the more reliable and trustworthy the ledger becomes.

In summary, the vision of a token-based reward system represents a paradigm shift in validating the ledger through participation. This system ensures the ledger's integrity by incentivizing objective measures of engagement and quantifying participation across a diverse spectrum of activities. It fosters a culture of active involvement in an increasingly interconnected world. In this vision, tokens are more than digital assets; they are the currency of participation, driving a culture of active involvement in our interconnected world.