Skip to product information
1 of 1

Microsoft

Decentralized Society: Finding Web3’s Soul

Decentralized Society: Finding Web3’s Soul

Regular price $0.00 USD
Regular price Sale price $0.00 USD
Sale Sold out
Shipping calculated at checkout.

Web3 today centers around expressing transferable, nancialized assets, rather than encoding social relationships of trust. Yet many core economic activities—such as uncollateralized lending and building personal brands—are built on persistent, non-transferable relationships. In this paper, we illustrate how non-transferable “soulbound” tokens (SBTs) representing the commitments, credentials, and aliations of “Souls” can encode the trust networks of the real economy to establish provenance and reputation.

More importantly, SBTs enable other applications of increasing ambition, such as community wallet recovery, sybil-resistant governance, mechanisms for decentralization, and novel markets with decomposable, shared rights. We call this richer, pluralistic ecosystem “Decentralized Society” (DeSoc)—a co-determined sociality, where Souls and communities come together bottom-up, as emergent properties of each other to co-create plural network goods and intelligences, at a range of scales.

Key to this sociality is decomposable property rights and enhanced governance mechanisms—such as quadratic funding discounted by correlation scores—that reward trust and cooperation while protecting networks from capture, extraction, and domination. With such augmented sociality, web3 can eschew today’s hyper-nancialization in favor of a more transformative, pluralist future of increasing returns across social distance.

REPORT RESEARCHERS

E. Glen Weyl, Puja Ohlhaver, Vitalik Buterin

OUTLINE

The report begins by explaining the primitives of DeSoc, centered around accounts (or wallets) holding non-transferable (initially public) “soulbound” tokens (SBTs) representing commitments, credentials, and aliations. Such tokens would be like an extended resume, issued by other wallets that attest to these social relations.

The report then describe a “stairway” of increasingly ambitious applications across the social stack. This description culminates with a vision of DeSoc—a co-determined sociality, where Souls and communities come together bottom-up, as emergent properties of each other to co-create plural network goods, including plural intelligences, at a range of social scales.

Finally, the report answers several potential concerns and objections, and make comparisons to other identity paradigms familiar in the web3 space, conceding often how our vision is just a first step but nonetheless an advance in programmable privacy and communication. 

View full details

PSFK

The home of what’s next in Retail and CX.

www.psfk.com