Data Economic Solutions on the Lydion DEOS

A PRIMER ON LYDION DATA ECONOMIC SOLUTIONS

A fundamental thesis of the DECO team is that Data Economics can be applied to nearly any sphere of human activity, enabling high-impact solutions that address needs and opportunities for social enterprise, commercial enterprise, individuals, and communities.

Lydion Data Economic Solutions are specific products that take the form of Data Economic Applications (DE-APPs) built using the Lydion DEOS and Solutions Toolkit. DE-APPs can be used to develop and implement Data Economic Solutions. These Solutions enable Participants within a Data Economy (or “Data Economic Frame”) to assetize and utilize digital datasets to achieve common goals and meaningful outcomes for the Participants.

Each instance of a DE-APP runs on a computer called a Data Economic Node that represents a specific Participant within the specific Data Economic Frame. These Nodes connect with each other to form a Data Economic Network (DENET), which manages all aspects of a specific Data Economy for its Participants.

An implementation of a Data Economic Solution is a specific DENET (or set of DENETs) created among a specific set of Participants through a DE-APP created for one or more specific purposes. A Data Economic Solution can have as many different implementations as desired among different sets of participants dealing with different datasets. Each implementation of a Data Economic Solution creates a Data Economy (or Data Economic Frame of Reference) among specific Participants.

The Lydion DEOS provides the libraries, tools, and related API to implement Data Economic Solutions. Lydion DEOS also enables specific implementations of Data Economic Solutions as (one or more) Data Economic Networks (or DENETs). The materials on this page explore the details of designing and deploying Data Economic Solutions using the Lydion DEOS.

INTRODUCTION TO DATA ECONOMIC SOLUTIONS

Given the breadth of potential applications for data economic science, The Data Economics Company employs a rigorous, scientific, and evidence-backed methodology to decide which sectors and specific opportunities within these sectors will become focal points for building Lydion-based Data Economic Solutions. Concepts relevant to the design and implementation of Lydion Data Economic Solutions, introduced in the Brief Primer above are explored in the more detail in “Summary and Highlights”, while an introduction to DECO’s methodology for building Solutions and Solution Platforms is introduced in “Enabling Data Economic Solutions Across Sectors”.

DECO started off as a research collaboration, and has now become the leader in Data Economics science and commercialization through its Lydion Data Economic Operating System technology. Through building Data Economic Solutions on the Lydion DEOS with innovative partners across industry segments, DECO fuels the spirit of the scientific collective and translates this energy into high-impact products for enterprise, communities, and individuals.

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LYDION DATA ECONOMIC SOLUTIONS: IMPLEMENTATION AND DEVELOPMENT PIPELINE

The pipeline for Lydion Data Economic Solutions spans multiple sectors and demonstrates how DECO and its partners are addressing opportunities to apply Data Economics in the real world.

HIGHLIGHTS FROM ACROSS THE PIPELINE

These materials highlight some of the sector-specific Data Economic Solutions developed by DECO and its partners. More coming soon.

For a deeper scientific and technical perspective on Data Economics and the Lydion DEOS, visit the Science page, which features scientific and technical papers, articles, specifications, and illustrations and is regularly updated with new research and supplementary content as they are published.