Contents
Trust Economy · Block I
The Promise as Social Atom
The promise as the atomic unit of the social world: what it is, how it evolved and why it became an asset.
2.1. What Is a Promise
Before building a new system of trust, we need to understand its basic unit. That unit is the promise.
2.1.1. Definition
A promise is a voluntary obligation undertaken by one subject toward another, with clear definition of:
- Content — what exactly is being promised
- Deadline — when it will be done
- Conditions — circumstances under which the obligation is considered fulfilled
A promise is not just an intention. It is an intention for which the subject is willing to bear responsibility.
2.1.2. Structure of a Promise
Every promise has several key elements:
| Element | Description |
|---|---|
| Subject (promisor) | The one making the promise |
| Beneficiary (promisee) | The one receiving the promise |
| Content | What will be done |
| Deadline | When it will be done |
| Conditions | When the promise is considered fulfilled |
| Sanction | What happens if the promise is broken |
Without any of these elements, a promise is incomplete and difficult to enforce.
2.1.3. Promise vs. Intention
It’s important to distinguish a promise from a mere intention.
“I want to learn Spanish” is an intention. I’m not obliged to do it; no one can demand an accounting.
“I promise to learn Spanish by June 1 and pass the DELE B1 exam” is a promise. I’ve undertaken an obligation. Now the one I promised can hold me accountable.
In our world, the line between promise and intention has blurred. People say “I’ll call you,” “I’ll send the documents,” “I’ll do it tomorrow”—and don’t. No one can punish them. Empty words have devalued the very institution of promising.
2.2. The Evolution of the Promise
Like trust, the promise has evolved alongside humanity.
2.2.1. The Tribal Promise
In the tribe, promises were public. Everyone heard, everyone saw. Violation was shame that could cost one’s place in the tribe.
Sanctions were informal but severe: expulsion, loss of reputation, boycott.
2.2.2. The Religious Promise (Oath)
The oath added sacredness to publicity. The violator feared not only people but gods. Ritual gave the promise additional weight.
Sanctions: earthly (exile) and heavenly (damnation, hell).
2.2.3. The Legal Promise (Contract)
The contract added formalization. Terms written, signatures affixed, notary certified. Violation brings legal liability: fines, damages, court enforcement.
Sanctions: monetary, administrative, criminal.
2.2.4. The Digital Promise (Smart Contract)
The smart contract adds automation. If conditions are met—money transfers automatically. If not—blocked. Human factor eliminated.
Sanctions: automatic execution of contract terms.
2.2.5. The Reputational Promise (Our Model)
We propose the next step: a promise recorded on the blockchain that affects reputation. Not automatic execution (which isn’t always possible), but automatic recording of fact: given, fulfilled, broken.
Sanctions: change in reputation rating, affecting all future interactions.
2.3. The Psychology of Promising
Why do people keep promises? Why do they break them? The answers lie in psychology.
2.3.1. Why People Keep Promises
People keep promises for several reasons:
- Fear of sanctions. If violation brings punishment, they’ll try to fulfill.
- Fear of reputation loss. If others learn they broke their word, they’ll be ashamed, and people will stop dealing with them.
- Internal contract. Someone who gives a promise perceives it as part of their identity. “I’m someone who keeps their word.” Violation causes internal discomfort (cognitive dissonance).
- Reciprocity. If someone trusted them, they feel obligated to justify that trust.
2.3.2. Why People Break Promises
People break promises because:
- Immediate gain outweighs long-term loss. A scammer calculates: “I’ll steal now, reputation later.”
- Circumstances changed. The person genuinely intended to fulfill but couldn’t (illness, force majeure).
- The promise was insincere. They never intended to keep it.
- The promise was given under pressure. “I said yes because I was afraid to say no.”
- Lack of consequences. They know violation won’t bring sanctions.
2.3.3. The Publicity Effect
A key psychological observation: public promises are kept more often than private ones.
In experiments, people were asked to give promises. Some gave them in private conversation, others before a group. Public promises were kept significantly more often.
Why? Because publicity adds social pressure. Witnesses know the promise was made. Violation will be noticed. This changes the psychological calculation: even if you’re not afraid of sanctions, you fear shame.
This effect is the foundation of our system. We don’t introduce new punishments (prisons, fines). We make promises public. And use the natural human fear of reputation loss.
2.4. Empty Promises as a Social Problem
Today, we’re surrounded by empty promises. Politicians promise to lower taxes—and don’t. Companies promise to care about customers—and don’t. People promise to call back—and don’t.
2.4.1. The Economics of Empty Promises
Why have empty promises become the norm? Because the cost of an empty promise is near zero, while potential benefit can be large. A politician who promises “everything to everyone” gets votes. If they don’t deliver—almost no consequences.
This is an economic problem. When the cost of lying is low, there’s plenty of lying. When there’s plenty of lying, trust collapses. When trust collapses, transaction costs rise (you need to verify, insure, litigate).
2.4.2. Exhaustion with Lies
Sociologists document a phenomenon of “exhaustion with lies.” People trust politicians, journalists, bankers, technologists less and less. Simultaneously, demand for transparency, verification, and “honest brands” grows. People are willing to pay more for what’s verified and reject what raises suspicion.
This demand is the most important social factor underpinning our system.
2.5. The Promise as an Asset
In our model, a promise ceases to be an empty word. It becomes an asset (or liability) in a person’s reputation balance.
Fulfilled promise: asset. It raises the rating, opens new opportunities, creates trust.
Broken promise: liability. It lowers the rating, closes doors, destroys trust.
Every promise is an investment in one’s reputation. Or a risk of losing it.