Described in the scientific paper "The theory of the hydrogen money standard" ISBN: 977-5-4472-6301-0
Nowadays our civilization is on the fourth industrial revolution threshold, which will be characterized by a combination of technologies that erase boundaries between physical, digital and biological spheres. With the change in economy*s format, financial system*s format will certainly change too. The digital economy will not be able to work on paper or electronic money. It will need a new type of digital money, the introduction of which this project justifies.
ust as space exploration and electronic telecommunications development, radio navigation, radio astronomy forced to develop and implement the "The theory of the hydrogen standard of frequency and time", mankind*s transition to hydrogen energy and digital economy construction will force the world community to move to energy standards of monetary circulation, based on the "Theory of the hydrogen money standard."
ТThe theory of the hydrogen money standard is a scientific and theoretical basis for digital ecosystem creation based on artificial intelligence and energy standards. The hydrogen money standard is a metric system for measuring digital money using the physical parameters of hydrogen. Hydrogen money is the main storage of digital currencies value, having a two-level real supply of digital assets and hydrogen energy.
This platform offers to implement an innovative model of monetary circulation, which will stimulate modernization and renewal of financial, economic and technological spheres. It is based on the fact that money circulation is a "circulatory" system of the economy, so money, in addition to its nominal designation, must have the provision of marketable, easily divisible and easy-to-handle assets, due to which their internal value and resistance to changes in external economic factors are created. It is this model of money circulation that can protect the world economy from future global financial, economic and social crises, as well as bring humanity to a new, higher and better stage of civilization.
This theory implies a necessity of introducing a new universal energy unit for unlimited financial calculations. The main difference between proposed currency from existing, or ever existed-strict compliance with the physical quantity in a form of a certain amount of energy. The unit of currency on Hydrogen money standard basis will combine two properties: energy as a physical property and a security tool, and money in a form of a data carrier. Due to this, it will become a universal tool of trade turnover. Such a currency unit has the ability to be compared with a benchmark at any calculation point, which will contribute to stability and sustainability of economic and financial systems, as well as provide reliable protection against abuse, speculation and fraud. The cost of any product will acquire a reference price in a form of its own energy content and energy consumption for its production.
Organization and stability of any social system is achieved only by understanding human nature and the rules of social system. People should clearly realize that the most important thing for achieving material well-being is the energy principle. Its efficiency is indicated by the following data on values of specific energy consumption per person in archaic, primitive societies and modern societies. It is energy that is of paramount importance for culture evolution, since there are three determining factors in any cultural system:
- The energy amount per person each year.
- Efficiency of technological means and methods of energy extraction.
- The volume and quality of manufactured items and services to meet human needs.
It is scientifically established that this kind of value usually reflects the living standard in a particular social system. For example, in the US the specific power consumption of non-renewable fossil energy resources per person each year exceeds 10 kW/person. In industrialized countries, this value varies from 3 to 7 kW / person.
The average power consumption per person (heating, lighting, industrial production, transport, agriculture, etc.) is just over 2 kW. However, 75% of the world*s population consumes only 0.5 kW of power, and 8% of people consume only 100 watts per person. This corresponds to consumption of primitive man, which inevitably leads to hunger and deprivation.
From all the above we can conclude that if society wants to have a prosperous life, it must first maintain a certain level of energy production and consumption. Moreover, energy sources should be renewable and not cause harm to the world. And hydrogen, in this regard, there are no competitors. It won*t!
All great civilizations known to mankind relied on a basic energy resource in their development to some extent, and at the same time entirely depended on it. This is the main feature of the ordered structures - they degrade and disintegrate very quickly without stable energy flow from the outside. The future Earth civilization must provide themselves with the necessary and sufficient amounts of energy and create a universal system of its transmission and distribution in order to be able to develop and grow steadily.