Some examples we discussed too in the session with IE framework and challenges they have: Eg 1: Conservation Finance Credit Issuance Process How it works - Credits are derived from measurable metrics - eg: a landowner hires a third-party evaluator to assess weather trees are standing - the evaluator translates this data into credits that can be issued in a market as a reward function Challenges: 1. Estimation Issues: - estimation step is often inaccurate 2. Friction at every step - assigning projects within scope involves significant friction - outside digital domain, processes become even slower and more cumbersome Eg 2: Scientific Publishing How it works - Journals act as IEs for knowledge - Each publication venue carries a reputation score (eg: impact factor) Incentive Loop - Goal for scientists: accumulate reputation through publications Problem/Challenge: - The evaluators (journals and conferences) have been entrenched for over 100 years. - Their reward loop has not been updated which creates rigidity, inefficieny, and misaligned incentives.