'Fifth paradigm' of science at future's door
China DailyA new wave of technological breakthroughs, represented by artificial intelligence, blockchain and the mobile internet, is reshaping the world. As a new production factor, data are crucial for cultivating new quality productive forces in the digital economy, while theoretical and practical innovations need to be leveraged to exploit the multiplier effect of data and facilitate the development of new quality productive forces. By using the Coken theory, one can transcend the limitations of traditional ownership, combine it with the "fifth paradigm" of science and realize incentive distribution for data revenue and value creation in circulation. The Coken mechanism, as a new comprehensive equity certificate, uses blockchain technology to mark the contributions of diverse participants in creating data value, and encourages participation and sharing among all entities in the data value chain. By creating a data element content dissemination system and incorporating business results into blockchain smart contracts, original video ring-tone creators, secondary creators, users, and other entities can receive corresponding revenue through content dissemination and sharing.
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