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Science & Research

The Science of Data Economics


Data Economics is a science that combines elements of economics, mathematics, computer science, and data science to explore how data can hold or represent economic value, and how data can be used in transactions to exchange meaningful value among economic players. To learn more about the science of Data Economics, we invite you to read Introduction to Data Economics, our foundational textbook presented as a special edition in The Lydion Magazine where we explore these scientific fundamentals in more depth.

The Data Economics Company is dedicated to further development of Data Economics science along with our academic partners and community researchers and scientists worldwide. Our aim is to make this science as exciting, accessible, and applicable as possible, particularly given the positive implications for solving difficult problems that require collaborative efforts in sectors as diverse as health sciences, climate, agriculture, financial sustainability, education, and others.

<h2>Introduction to Data Economics</h2>

Introduction to Data Economics

Prologue: A Primer on Data Economics

A brief introduction to the science of Data Economics, the motivations behind the discipline, and the Lydion DEOS software engine that brings Data Economies to life through Lydion DENETs (Data Economics Networks). Also serves as a prologue to the Introduction to Data Economics series of papers.

Read the Prologue 4min

Introduction To Data Economics - Chapter 1: On Value, Outcomes, And Data

This chapter begins the Introduction to Data Economics series and explores the roots of Data Economics: the growing need for the expansion of the language of expressing and communicating value to address the “big” challenges and opportunities we face, and by extension the need to expand the frameworks offered by the field of economics.

Data Economics Health Science
Read the Paper 19min

Introduction To Data Economics - Chapter 2: Fundamental Concepts

In “Chapter 2: Fundamental Concepts”, we outline and summarize the fundamental concepts driving Data Economics and the Lydion DEOS as a starting point for further exploration of Data Economics and Lydion technology, as other more advanced papers will often refer back to concepts first introduced in this paper.

Data Economics Science
Read the Paper 20min

Introduction to Data Economics and the Lydion DEOS: A Visual Explainer

This slide deck is a companion to Chapters 2 through 5. We recommend browsing through this slide deck before continuing and then using it as a reference while reading these chapters.

Lydion DEOS
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Continue Exploring Intro to Data Economics

Continue Exploring Intro to Data Economics

The Introduction to Data Economics series of papers is designed to introduce the concepts driving the science of Data Economics and Lydion technology to readers of varying interests, expertise, and technical backgrounds. Our goal with this series is to get readers from all backgrounds as excited about the potential of the science of Data Economics as we are. We want to help readers imagine and actualize the impact that Data Economics (and principles behind the Lydion DEOS) can have in solving the problems they care about and creating new opportunities for their companies, communities, and families.

Explore the Series

Introduction to Data Economic Science

Introduction To Data Economics

Fundamental concepts driving the science of Data Economics and foundational ideas for applying Data Economics to real-world problems

Video
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How Data Economics Networks (DENETs) Invert the Traditional Economic Loop

In a traditional economic system, third parties generate demand for currencies by requiring their use for various economic “loops”—such as paying taxes or receiving wages. Data economic systems invert those loops, allowing individuals or organizations that perform work and create value to also generate tokens of value useful within the system.

Read 3min

Introduction To The Lydion DEOS

An overview of Data Economic Operating Systems (DEOS) and the Lydion DEOS technology used to build Data Economic Solutions

Video
Watch Now 15min

LYDION® SOFTWARE

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The Lydion DEOS Engine and DECO’s related software products bring the science of data economics to life.

Research Publications

International Society for Pharmacoeconomics and Outcomes Research - Global Meeting 2020

“Advancing Outcomes-Based Pharmaceutical Reimbursement Models using Structured Risk and Investment Funding”

Read the Abstract 3min

European Society for Medical Oncology 2020

“Developing a real-world outcomes forecast model using matched oncology clinical trials and real world evidence to inform policy-making and reimbursement approaches”

Read the Abstract 4min

American Society of Clinical Oncology - Annual Meeting 2019

“Modeling an oncology outcomes-based contract using a blockchain database approach: Cost and technology considerations.”

Read the Abstract 3min

Paying for Health Outcomes: A Data Economic Approach

The use of digital data and Data Economic science enables us to get closer to the goal of truly understanding outcomes in health.

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The Need for Data Economics in Metals Traceability

Companies in the industrial and capital-goods sectors account for about one-quarter of global GDP and employment and make materials and goods that are integral to our daily lives, such as the metal alloys for the cars we drive and the apparel we wear. These companies have to manage extremely complicated and globally-interconnected value chains which need to account for capital assets (tools and machinery), processing operations, and transportation of both raw materials and finished goods.

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Interested In Working With Us?

DECO has a strong group of industry and academic collaborators working on the core Lydion DEOS Engine and its applications and we are always looking for new collaboration opportunities. Please drop us a note about any thoughts or ideas around the science of Data Economics, the Lydion DEOS technology, and its applications that you want to explore with DECO and we will be glad to start a conversation.

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