Internal Coordination Theory

The RWA Ecosystem is an organization that represents a significant shift in the application of economic theory. This shift can be expressed as follows: in the digital economy, the economic forces of demand and supply are summarized as forces of internal coordination and price coordination. Supply and demand are related only to price coordination, while entrepreneurship/self-organization (which is outside classical price theory) is connected to internal coordination. The internal coordination framework can explain economic productivity and intrinsic value in the digital economy, distinct from traditional material economics.

Internal coordination, as a form of economic productivity, remains underestimated, especially in relation to the digital economy. Internal coordination is a generalization of demand, integrating labor value, utility value, and focus into digital productivity. It is a generalization of demand because it balances or regulates supply and demand.

Therefore, it is the force behind market participants’ self-correction and self-governance from within the market. A market needs an individual, an entrepreneur, to recognize and address existing coordination issues beyond the price mechanism. This is achieved through the negotiation of social norms. The market self-regulates and self-corrects within the scope of shared knowledge and norms negotiated by everyday participants.