Economic Incentives. Several companies have a direct economic interest in the success of Bitcoin. As miners nowadays need special dedicated hardware, hard- ware vendors supplying this hardware have a clear economic interest in the success of Bitcoin. Furthermore, many companies, including established firms and young startups [35], offer blockchain consultancy services, some of which are related to Bitcoin. These companies also have a strong economic incentive, namely to sell consulting services. Finally, given the broad global attention to blockchain technology, there is the fear of missing out (FOMO) [34]. This may lead to that some parties buy bitcoins, as well as other cryptocurrencies, to mitigate the risk of having missed the bandwagon when it turns out the technology becomes a success. For example, public media has extensively reported on the rise of the value of Bitcoin. This triggered other, new participants to also invest in Bitcoin, as these participants also hope for a profitable investment in Bitcoin. Indeed, uninformed participants consider Bitcoin as an alternative investment [13]. However, as Bitcoin is not backed by any government nor gold, these investments are fueled largely by speculation.
Economic Incentives. The uPort app points to a perceived single source of truth, the blockchain. When more participants would adopt the uPort app, uPort would gain more exposure, recognition, and funding. Still, the need for blockchain tech- nology can be questioned. Ethereum, despite its novel design, currently contains several issues such as scalability [4], energy consumption [23], and lack of decen- tralization [12]. Instead, an independent group of trusted third parties could be used to manage the unique identifier of the smart contract. However, blockchain technology is also a marketing tool to arouse interest in a product [3] which in this scenario is the identity solution, or to arouse interest in an organization [1, 2].
Economic Incentives. It benefits the technology supplier (here IBM) to use blockchain in this scenario, as it may provide related consulting services. Fur- thermore, the successful implementation of its technology serves as a platform for future scenarios. In such scenarios both the technology as well as consultancy may be provided. We therefore argue that in this scenario blockchain adoption is also driven by company principles. Furthermore, in this scenario FOMO may also be a driver for blockchain adoption. Here, FOMO applies to all parties involved considering the potential of blockchain technology. However, as other technologies are not considered in [11], only blockchain seems to offer a solution to track certificates. 4 Discussion All technical conditions must be met to ensure the appropriateness of using blockchain, if we follow the scheme of Xx¨st and Xxxxxxx [39]. However, in the uPort and supply chain scenarios only some technical drivers are addressed. Indeed, blockchain is used in both scenarios, despite that there appears to be no technical rationale to use blockchain, according to Xx¨st and Gervais [39]. Clearly, the scenario properties suggested in [39] alone are insufficient in explain- ing blockchain adoption. As can be observed from Table 1, the majority of drivers for blockchain adop- tion in each of the three scenarios is non-technical. However, the technology supports at least one underlying technical property in a scenario, such as stor- ing of state. Therefore, we conjecture that blockchain adoption is driven by a combination of both technical and non-technical drivers. Furthermore, we observe that in each scenario a TTP could be used. There- fore, blockchain technology is not needed for any of these scenarios, according to [39]. However, in the Bitcoin scenario there used to be an underlying academic problem, namely, how can a consortium of unknown participants reach con- sensus. Xxxxxxxx [22] aims to answer that question by introducing blockchain technology. Therefore, a rationale exists to use blockchain in the Bitcoin scenario.
Economic Incentives. Inverse block rate structures, like those used in the IID Interim Water Supply Policy, could continue to be used to provide an economic incentive to conserve water, and to provide revenue to invest in groundwater banking/storage or other capital projects to increase or extend the Colorado River supply (recycling, desalination). Such structures and projects could also be used to fund new projects and programs to mitigate impacts to historic users when apportioning water or managing shortage under the existing or expanded fallowing program (crop idling). Economic evaluations would help define the marginal cost of water and the least cost mix of investments in capital projects, demand management/conservation, apportioning water and mitigating existing users. This would help identify the cost of providing water to the Imperial region, determine ability and willingness to pay, and set investment priorities. If solutions are not affordable based on ability and willingness to pay, the Imperial Region could consider finding willing partners to invest in local solutions using a model similar to the QSA.
Economic Incentives. Economic incentives consist of tax increment revenues paid to the Trustee and used by the Trustee to pay debt service on the Bonds and as otherwise provided for in Exhibits C-3, C-4 and I. The City will also support the Project, with letters of support from City staff or ELBRA or DDA or with the appearance of City staff before appropriate agencies of the State as the City deems appropriate, in support of both BRA Plan #24 approval and a Community Revitalization Program Grant or other assistance from the MSF, in an effort to reimburse the Developer for public infrastructure costs and other parts of the Project and make the private portion of the Project economically feasible by determining and filling the gap between the cost of construction and the fair market value of the Project upon completion.
Economic Incentives. In consideration of Owner's development of the Property in conformity with the terms of this Agreement, the City shall provide the following economic incentives to Owner and Operator for the Development:
Economic Incentives. Buyer may pursue any local, state or federal economic incentives available. No such incentives are committed by County or Seller in this Agreement; however, County and Seller shall cooperate with Buyer to obtain any such grants or other incentives.
Economic Incentives. Collectively, the right, title and interest of Borrower or any Affiliate of Borrower in the Economic Incentive Agreements, but only to the extent assignable, and all of Borrower's rights and the rights of any Affiliate of Borrower to receive payments, receipts, refunds, revenues, interest, municipal personnel or services or other rights whatsoever under any of the Economic Incentive Agreements.
Economic Incentives. Based upon Owner’s representation of proposed high- quality commercial development within Property, Owner may be entitled to economic incentives, including sales tax rebates, related to such portion of the development. If Owner desires economic incentives, Owner shall apply for such incentives at or around the time that Owner applies for approval of a final development plat and final development plan or at the time of issuance of a building permit. The Town shall then, in good faith, assess the request for economic incentives and, if approved by the Town in its discretion, the Town and Owner shall enter into a separate agreement regarding the economic incentives.
Economic Incentives. Each Member agrees that it shall reasonably consider Economic Incentives suggested by any Member, and that the Board may cause the Company to pursue such Economic Incentives (in the case such Economic Incentives constitute Indebtedness, to the extent mutually consented to by the Intel Member and Brookfield Member); provided, that no such application or receipt of Economic Incentives may expressly prohibit or expressly limit quarterly Distributions of Available Cash in accordance with Section 4.1(b)(i)(3); provided, further, that performance and payment obligations associated with Economic Incentives shall not be deemed to be an express limitation or prohibition on such Distributions of Available Cash to the extent they do not reduce expected Available Cash and do not adversely impact the Brookfield Member. Subject to the foregoing, the Intel Member may cause the Company to comply with the CHIPS Act, the FABS Act and other applicable Laws or regulations that would make the Intel Member or its Affiliates (including the Company) eligible for Economic Incentives. For the avoidance of doubt, any disallowance or recapture of Economic Incentives (other than to the extent arising from an Investor Liability or a Transfer in violation of Section 10.3 or an action or inaction by the Brookfield Member or its Affiliates in violation of Section 16.6) will be borne solely by the Intel Member and funded by the Intel Member via an Unbudgeted Capital Contribution to the extent required for the Company to pay costs due and payable by it.
