The Data Economics Company began in 2017 as a collaborative research alliance. This collective brought together economists, mathematicians, computer scientists, philosophers, and artists to explore how digital data could be used as building blocks for new types of economic interactions. In particular, we wanted to explore economic interactions where data that was generated and sourced by the economy’s participants acted as the markers expressing, communicating, and transacting both utility and value within the interactions.
In other words, we were exploring economies that allowed participants to transact using products built out of digital data that they were able to generate by completing work in the real world.
Since its inception, the Lydion Research alliance grew to involve companies and experts from fields as diverse as health sciences, biotech, finance, industrials, climate, agriculture, telecom, gaming, and the creative arts. These experts led the development of Data Economics as a science and the initial real-world implementations of the Lydion DEOS (Data Economic Operating System). As Data Economic Solutions based on the Lydion DEOS technology began to scale, addressing larger opportunities and showing an impressive potential for new economic applications, the Lydion Research alliance evolved into The Data Economics Company.
The Data Economics Company’s mission is to pioneer and propagate the field of Data Economics. This objective is multi-fold: leading theoretical science and research; developing the mathematical, economic, and software frameworks and toolsets to power implementation; and continuing to advance commercialization of the Lydion DEOS and a pipeline of Data Economic Solutions that bring the science to life. Along the way, DECO is fostering a global ecosystem of partners, customers, and scientific collaborators to accelerate the field of Data Economics and the impact of this science on the “big problems” and important challenges our communities, societies, and industries face.
We invite you to learn more about the science of Data Economics and our Data Economic Solutions throughout the Lydion Insider experience.
– The DECO Team