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Prof. Jason Potts

The paper, authored by Prof. Jason Potts, a leading blockchain economist, and Justin Banon, co-founder of Boson Protocol, discusses the transition from an industrial to a digital economy. It emphasizes the critical role of technologies like Boson Protocol. This technology is pivotal in fostering a ‘computable economy’, enhancing economic complexity and wealth. Boson Protocol’s unique capability to facilitate transactions of real-world assets on the blockchain with reduced trust is underscored as a key innovation, linking physical assets with the digital economy and broadening the scope of blockchain technology.
Banon, Justin and Potts, Jason, Digital Institutions Create Wealth by Increasing Economic Computational Complexity (January 13, 2024).

Available at
SSRN: <a href="https://ssrn.com/abstract=4693478" target="_blank" rel="noopener">https://ssrn.com/abstract=4693478</a> or <a class="textlink" href="https://dx.doi.org/10.2139/ssrn.4693478" target="_blank" rel="noopener">http://dx.doi.org/10.2139/ssrn.4693478</a>

Prof. Justin Potts

Justin Banon

This paper proposes a theory of the global transition from an industrial economy to a digital economy by emphasising the importance and significance of digital institutions. This theory is useful for understanding how this transition will shape wealth and prosperity over coming decades. A full stack of digital institutions (including web3 technologies) facilitates development of a ‘computable economy’, which enables a significant increase in economic complexity and, from this, wealth. We explain why a critical transition will occur when this institutional computation can be extended from on-chain assets to off-chain real world assets.
Banon, Justin and Potts, Jason, Digital Institutions Create Wealth by Increasing Economic Computational Complexity (January 13, 2024). Available at SSRN: <a href="https://ssrn.com/abstract=4693478" target="_blank" rel="noopener">https://ssrn.com/abstract=4693478</a> or <a class="textlink" href="https://dx.doi.org/10.2139/ssrn.4693478" target="_blank" rel="noopener">http://dx.doi.org/10.2139/ssrn.4693478</a><img class="alignnone size-medium wp-image-1302" src="https://fermionwp.wpenginepowered.com/wp-content/uploads/2024/07/2024-08-15-12_31_41-Digital-institutions-create-wealth-300x273.png" alt="" width="300" height="273" />

Digital institutions create wealth by increasing economic computational complexity by Prof. Jason Potts and Justin Banon