Ideas Submission and Smart Contracts

The Economics of Ideas:

“Every generation has perceived the limits of growth that finite resources and undesirable side effects would pose if no new recipes or Ideas were discovered. And every generation has underestimated the potential for finding new recipes and Ideas. We consistently fail to grasp how many Ideas remain to be discovered.” --- Paul Romer

In his 1990 paper, Paul Romer suggested that the following five properties would be desirable of a model of long-run economic growth.

  1. The accumulation of ideas is the source of long-run economic growth.
  2. Ideas are non-rival.
  3. A larger stock of ideas makes it easier to find new ideas.
  4. Ideas are created in a costly but purposeful activity.
  5. Ideas can be owned and the owner can sell the rights to use the ideas at a market price.

What is a Smart Contract?

"A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible. Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting."


To Submit An Idea

"CLICK ON the Organization that you are affiliated with to Submit your Idea"

Paul Romer's Work

"Economic Growth, Technological Change, and Climate Change"

"Ideas, Nonrivalry, and Endogenous Growth"

Stanford's Published Paper

"Are Ideas Getting Harder to Find ?"

Mission

"Our Mission and Vision is to protect the “Idea Creator”, and our “Partners”, as well as to create a Socially Responsible Sustainable Economic Development Platform."