Cerebellum (Knowledge currency)
Kyield has included knowledge currency (code name cerebellum, or CBM) as an option in the Kyield OS since the early stages of R&D. The combination of cyber security breaches, lack of privacy, regulatory enforcement costs and uncertainty, network-effect-enabled monopolies, business model conflicts, and technology architectures among many other factors has resulted in a complex myriad of disincentives for the creation and sharing of original knowledge work in the network economy.
In addition, for related reasons not fully understood, the global economy has been suffering from a cycle of low productivity. The creation and offering of CBM opens many potential benefits for and between customers, including more accurate valuation of knowledge capital, ability to be compensated fairly for knowledge work, and the ability to transact intellectual work products. CBM can be used to value and transact knowledge about an entity, such as health information.
At individual scale CBM enables individuals to protect and sell data. Business customers can employ CBM to encourage innovation and acceleration of R&D internally as well as externally with unlimited numbers of partners. Customers can use CBM to subscribe to multimedia digital products, sell or acquire intellectual property, integrate with blockchain through Ethereum, IOTA, or other platforms, and/or convert to national currencies. The rules-based formula for CBM has the capacity to provide far more accurate valuation due to the integrity of the data collected, which allows for analytics more reflective of true value than otherwise possible.
The CBM should provide credibility lacking in most digital currencies as it is tied to specific quantitative and qualitative factors of the installed network. This model should presumably curtail short-term speculative trading while incentivizing higher quality in a durable and long-lasting network.