Xzannt

Xzannt is developed and operated like a social network for humans, bots and companies to form consensus and deliver services. The eventual output of this system will be a radically different economic ecosystem.

At the offset, there are no currencies or exchange rates, just a baseline set purely arbitrarily as INR 1 = 1 HOUR.

A transaction can happen even without a currency. They are not the same thing, yet we come to think of them in the same breath.

Cash transfer became wire transfer and credit note became digital swipe. Now what?

Whatever productivity gains TCP/IP enabled in building new businesses on top of the internet have largely been captured.

In short, we have digitized commerce to a large extent, but the rising cost of achieving consensus is now becoming a constraint on productivity.

A transaction is a record of a buyer and seller reaching consensus. On Xzannt, a User and an Exhibitor do the same, but with usage.

The fundamental building block of this system is called an Exhibit. Anything that you already do with or for money, whether a service or a transaction, can be emulated as an exhibit.
Draft an Exhibit

The primary record on this system is a Session and the metric of measurement is usage expressed as time units (hours).

Session (Record-1)
Session (Record-2)

The product has been operating as an experimental service for 3 years, check it out here xzannt.com.

If you’re an economics researcher interested in applying your work, join us as a patron. Xzannt is focused on applying an economics approach to fintech, rather than treating it as an engineering problem to solve.