Book Excerpt: "Defining the Digital Economy: The Structure of the Digital Economy in Focus"

Opinion: This is the far-reaching value of the Digital Economy.

DIGITAL CURRENCY

Definition (defined here): A “Digital Currency” requires a consensus of trust, confidence; is a unit of account, divisible, stable, accepted; measured against other assets or currencies of value; possibly regulated by authority or governance framework; and supported by an underlying technology, utility, activity, or economy. It may have value or utility within its underlying micro economy; and may, or may not, have any value outside of the underlying economy. Currencies are generated or destroyed as needed for utilization by the underlying economy by the authority or governance framework. Currencies are fungible. Fungible assets are not unique to one another, are the same in character, and are interchangeable.

As fungible assets are exchanged, one equals another in character . For example, one U.S. Dollar is the same as another U.S. Dollar. One Ether is the same as another Ether in its character..."

The book can be purchased at Amazon.com through this link:

FROM BACK COVER: Defining the Digital Economy was written after more than a year of research and analysis of over 2500 exchange traded Digital Assets.

Insights uncovered offer clarity, explanation, and definitions for understanding the Structure of the Digital Economy.

The Digital Asset Sector Hierarchy – (DASH) emerged from this research. The first functional and extensible Digital Asset taxonomy.

“Defining the Digital Economy” and the extensible flexible DASH taxonomy is tested visualized and offers first to market insights

The products developed out of this research serve as a solid basis for Digital Asset market intelligence, and financial services product development, through a defensible body of academic work and proposed legal definitions. The approach is fully integrative, supporting seamless Digital Asset integration and adoption into existing worldwide financial and regulatory infrastructures.

Lori Jo Underhill B.S., J.D. is a Digital Economy Analyst, “Digital Economist”, Bachelor of Science in Business Administration from Arizona State University in Tempe, Arizona, and Juris Doctor from Southwestern Law School in Los Angeles, California. She currently works as an Executive Consultant with over 30-years’ experience in hardware and software technology and media. https://www.ljuassociates.com.