PBS/MPS Research
Public research, architecture, policy materials, and regulatory context supporting the development of Provenance-Backed Securities and the Meritocratic Provenance System.
Why maintain a public research library?
PBS/MPS combines questions from economics, securities regulation, provenance, intangible assets, artificial intelligence, intellectual property, performance measurement, and contribution attribution.
Meritocrat.org separates public research from advocacy so that legislators, researchers, regulators, technical reviewers, and interested members of the public can examine the foundations of the proposal directly.
This library also distinguishes between research that has been released publicly and work that remains under technical, regulatory, legal, or publication review.
Published papers
Provenance-Backed Securities: A Framework for Tokenizing Intangible Assets and Redistributing Ownership in the Age of Automation
Research introducing the Provenance-Backed Securities framework for intangible assets and contribution-based ownership.
View on SSRNProvenance-Based Governance and the Meritocratic Ownership Economy
Research examining provenance-based governance and the broader economic framework surrounding contribution-based ownership.
View on SSRNUnderstand the PBS/MPS system
Meritocrat.org publishes public-facing explanations of the core architecture so the proposal can be evaluated without requiring disclosure of every implementation-specific technical detail.
Work under technical review
Some PBS/MPS research exists in more detailed mathematical, technical, legal, or regulatory form than is currently published on Meritocrat.org.
The existence of such work should not be interpreted as meaning that every draft, model, formula, implementation choice, or analysis has been approved for public release.
Technical materials may be revised, independently reviewed, versioned, or released separately when appropriate for scholarly, legislative, regulatory, or technical examination.
Contribution Decomposition research
ScarabCloud has developed a formal mathematical treatment of Contribution Decomposition and Royalty Flow within the PBS/MPS research program.
The research examines the problem of relating identifiable contributions to measurable outcomes in systems where contributions can interact, persist over time, and participate in collaborative value creation.
The current public explanation is available through the Contribution Decomposition architecture page.
Read the public Contribution Decomposition overviewWashington policy materials
The Meritocratic policy package includes public legislative, fiscal, economic, and technical materials developed around the proposed Washington Provenance-Backed Securities framework.
High-level explanation of the problem, proposed PBS framework, and Washington legislative strategy.
Fiscal and legal analysis prepared in support of the proposed Washington framework.
Draft legislative text for the proposed Washington Provenance-Backed Securities framework.
Model federal legislation addressing PBS and related contribution-based ownership concepts.
Economic modeling and projected impacts associated with the proposed Washington framework.
Technical material describing the PBS architecture, including the Provenance Ledger, Performance Oracle, and Exchange Protocol.
Research and regulatory engagement
ScarabCloud engaged with the Washington State Department of Financial Institutions during development of the PBS/MPS proposal.
During that engagement, the materials described to DFI included the Provenance Ledger, Performance Oracle, and Contribution Decomposition & Royalty Flow architecture.
DFI subsequently explained that the proposed architecture appeared to extend beyond the laws administered by DFI and could raise issues including property rights and intellectual property.
DFI did not endorse PBS/MPS or provide a regulatory pathway for bringing PBS to market.
Washington-specific regulatory research
How does Meritocrat.org distinguish research from policy?
Research can describe a model, investigate an economic problem, develop an architecture, or test an analytical framework.
Policy asks whether and how institutions should act on those findings.
Meritocrat.org therefore treats technical research, ScarabCloud's policy conclusions, proposed legislation, and statements made by regulators as distinct categories.
Publication of research on Meritocrat.org does not imply adoption of the research by DFI, another regulator, a legislature, a court, an academic institution, or an independent reviewer.
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Research Notice
Materials presented through this research library may include research hypotheses, proposed architectures, draft policy frameworks, economic models, and other developing work.
Publication does not establish regulatory approval, legal classification, technical validation, investment suitability, or guaranteed economic performance.
Nothing in this research library constitutes legal, securities, investment, tax, valuation, or financial advice.
No securities are offered or solicited through this page.