Tokenized economy for rural areas

Abstract

This article examines the living conditions in the rural village of Mizoram and Jharkhand. The study is based on the primary research conducted through a rapid field survey by interviewing more than 15 houses in each village. The focus of the study is to understand economic conditions of rural areas. We collected data of their income, expenditure, etc and aggregate these values to understand how introduction of token economy will help. Based on the existing literature and prevailing tokenomy and from our findings, we suggest that incorporating this new token economy model will help in tackling the linear relationship between low income and malnutrition. Also, the token model which acts as a community currency will help flourish economic activity for these villages by filling the gap of supply and demand due to which economic stability will be achieve. Lastly, implementation of the token model will help in achieving better efficiency of distribution of Government subsidies and beneficiary.