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Content may be subject to copyright.
+9@:GCJ9F9=;B=89BH=HM
Volume O
Self-sovereign identity
Alexandra Giannopoulou (84@0<=4>C917=>0</,75;=5BBCDCI@CIIJ5B@
Fennie Wang 498C=?= ,-=:9BB=98=CBMGIG@56G7CA
DOI: <HHDG8C=CF;
Published: DF=@
Received: DF=@Accepted: DF=@
Competing Interests: ,<95IH<CF<5G897@5F98H<5HBC7CAD9H=B;=BH9F9GHG9L=GHH<5H
<5J9=B[I9B798H<9H9LH
Licence: ,<=G=G5BCD9B5779GG5FH=7@98=GHF=6IH98IB89FH<9H9FAGC:H<9F95H=J9
CAACBGHHF=6IH=CB%=79BG9 9FA5BMK<=7<D9FA=HGIBF9GHF=7H98IG9
8=GHF=6IH=CB5B8F9DFC8I7H=CB=B5BMA98=IADFCJ=898H<9CF=;=B5@KCF?=GDFCD9F@M
7=H98<HHDG7F95H=J97CAACBGCF;@=79BG9G6M8989989B
CDMF=;<HF9A5=BGK=H<H<95IH<CFG
Citation: =5BBCDCI@CI/5B;+9@:GCJ9F9=;B=89BH=HM8>0<80>$964.C
%0@40A<HHDG8C=CF;
Keywords: "89BH=HM
Abstract: ,<97CB79DHC:G9@:GCJ9F9=;B=89BH=HM++"89G7F=69G5B=89BH=HMA5B5;9A9BHGMGH9A
7F95H98HCCD9F5H9=B89D9B89BH@MC:H<=F8D5FHMDI6@=7CFDF=J5H957HCFG65G98CB8979BHF5@=G98
H97<BC@C;=75@5F7<=H97HIF9G5B889G=;B98HCDF=CF=H=G9IG9FG97IF=HMDF=J57M=B8=J=8I5@5IHCBCAM
5B8G9@:9ADCK9FA9BH
Issue
,<=G5FH=7@969@CB;GHCH<9Glossary of decentralised technosocial systems5GD97=5@
G97H=CBC:8>0<80>$964.C%0@40A
De*nition of the term
,<97CB79DHC:G9@:GCJ9F9=;B=89BH=HM++"89G7F=69G5B=89BH=HMA5B5;9A9BH
GMGH9A7F95H98HCCD9F5H9=B89D9B89BH@MC:H<=F8D5FHMDI6@=7CFDF=J5H957HCFG
65G98CB8979BHF5@=G98H97<BC@C;=75@5F7<=H97HIF9G5B889G=;B98HCDF=CF=H=G9IG9F
G97IF=HMDF=J57M=B8=J=8I5@5IHCBCAM5B8G9@:9ADCK9FA9BH
Origin
F=B;=B;/9GHD<5@=5BGH5H979BHF98GCJ9F9=;BHMHCH<9=B8=J=8I5@@9J9@++"
9A9F;98:FCAH<95GD=F5H=CBC:G9@:89H9FA=B5H=CB5B8C:8=F97H=06129@0<8,8.0
(F;58D:CF957<=B8=J=8I5@CIHG=89GH5H9=BH9FJ9BH=CB"89BH=HM=G
7CBG=89F98:CIB85H=CB5@:CFDFCACH=B;GC7=5@9EI5@=HM:F998CA89AC7F57M5B8Z
B5B7=5@=B89D9B89B79.9F<I@GH1CIB;(F=;=B5@@M=061=9@0<0428,?>39<4
>CUH<9=89C@C;=75@DFC;9B=HCFHC++"UF9:9FF98HCV>30,.>?,6/01,?6>/0=428:,<,70
>0<91?7,84/08>4>C:<49<>9>30<024=><,>498:<9.0==?=0/>948,?2?<,>0:,<>4.4:,
>49848&9.40>C'30,.>91J<024=><,>498K47:640=>3,>,8,/7484=><,>498:<9.0==.98
><9660/-C&9.40>C4=<0;?4<0/19<J4/08>4>CK>90B4=>'34=,::<9,.3.98><4@0=&9.40>C,=
>309A80<91J4/08>4>CK,8/>308/4@4/?,6,=>309?>.97091=9.490.98974.,/7484=
><,>498W,<9&CLM,CB;I9IHCBCAM=GJ=9K985G589H9FA=B=B;9@9A9BHC:
G9@:GCJ9F9=;BHM=89C@C;=75@@M5@=;B=B;K=H<HF5BG79B89BH5@=GA77CF8=B;HC,FCH
H9FDV0,.391?=4=9A80/-C>30=>,>0A34.32<,8>=600A,CL>929@0<8
,8//4=:9=091.0<>,48,=:0.>=919?<-9/40=,8/64@0=W
"BH<9F579HCK5F8G8=;=H5@GCJ9F9=;BHM=9V>30,-464>C9148/4@4/?,6=>9>,50,.>498=
,8//0.4=498=48,.98=.49?=/064-0<,>0,8/48/0:08/08>7,880<I)C<@9,<=9@
5=A=B;HC9GH56@=G<7CBHFC@V9@0<>304</,>,/0@4.0=91>A,<03,</A,<0,8/
9>30<>0.38969240=WCIHIF9,CID=BD=89BH=HMA5B5;9A9BH=G?9M
"89BH=H=9G5B8H<9=FF9GD97H=J9H97<BC@C;=75@=B:F5GHFI7HIF9J=79G69;=BHCA9F;9
K<=@9697CA=B;5F9GCIF79:CFH<9;@C65@97CBCAM6=CA9HF=7G5F9HIFB=B;=BHC
;CJ9FBA9BH5@=B:F5GHFI7HIF9G5B85F95GGC7=5H98K=H<GH5H9=GGI98=89BH=Z9FG5B8
7=H=N9B"G9GH56@=G<=B;7=H=N9BG<=D%MCB9<5J=CIF5@=89BH=HM=G89F=J98
:FCA7CBGIA9FD9FGCB5@85H57C@@97H985B8ACB9H=G986MDF=J5H957HCFG,97<B=75@
=89BH=H=9G5F9:CFA986M@C75@5779GG7CBHFC@"G!95@H<=89BH=H=9GGH5FHHC5DD95F
/9K=@@IG9H<9H9FAGCJ9F9=;B=89BH=HM5B8++"=BH9F7<5B;956@M
"BH9FB9H)C@=7M*9J=9KO
5G=AAIB=HMD5GGDCFHG=B5B7=5@=89BH=HM9G75D9GZB5B7=5@=BGH=HIH=CBG5B8;9B9F
5H9GJ5@I9=BM8>0.3/9GH9FA9=9F+=HI5H98K=H<=B6FC589F8=;=H5@=89BH=HM
89J9@CDA9BH8=G7IGG=CBG-B=H98'5H=CBG7CBHFC@CJ9F=89BH=HM697CA9G
=BGHFIA9BH5@5G=B8=J=8I5@GGH5H95B8DF=J5H957HCFG7CAD9H9:CFDCK9FCJ9F=HG
D<MG=75@5B88=;=H5@9LDF9GG=CBG
,<97CB79DHC:++"<5G699B9@56CF5H985G5B9LDF9GG=CBC:D9FGCB5@8=;=H5@GCJ9F
9=;BHM6M<F=GHCD<9F@@9B!9IG98=HHC89G7F=695DF=B7=D@965G98:F5A9
KCF?H<5HKCI@87F95H958979BHF5@=G98GMGH9AC:IG9F79BHF=7G9@:58A=B=GH9F98
=BH9FCD9F56@98=;=H5@=89BH=H=9G,<=GGMGH9A=G8F=J9B6MH9B:CIB85H=CB5@DF=B7=
D@9G:C@@CK=B;$=A5A9FCBWG%5KGC:"89BH=HML=GH9B79CBHFC@
779GG,F5BGD5F9B7M)9FG=GH9B79)CFH56=@=HM"BH9FCD9F56=@=HMCBG9BH
&=B=A5@=G5H=CB)FCH97H=CBH<5HKCI@85=AHC7CBGH=HIH9H<9A=GG=B;X=89B
H=HM@5M9FYCBH<9=BH9FB9H)F9I?G7<5H*998"H9A6C8=9G5GD97=Z7J=G=CB
C:8979BHF5@=G988=;=H5@=89BH=HMG9D5F5H98:FCADF99L=GH=B;79BHF5@=G985B8:989F
5H98AC89@GK<=7<5=AGHC897CID@9=89BH=HM=GGI5B796MH<9GH5H9=BCF89FHC
6F=B;=HHCH<9:I@@7CBHFC@C:H<97=H=N9B,<9&CLM,CB;I9HH<9A=B=AIA
++"V7,50=>30.4>4D0808>4<06C<0=:98=4-6019<>307,8,20708>0B:694>,>498,8/:<9
>0.>49891980I=/,>,W!9F=5BD/<=@9=AD@9A9BH5H=CBGC:=HGDF=B7=D@9G
J5FMGI6GH5BH=5@@M=H75B69G5=8H<5H++"5=AGHCV08,-60,79/06914/08>4>C7,8
,20708>>3,>:?>=48/4@4/?,6=,>>30.08>0<91>304<4/08>4>C<06,>0/><,8=,.>498=,669A
482>307>97,8,20,39=>914/08>4M0<=,8/:0<=98,64819<7,>498A4>39?><06C482?:
98,8C><,/4>498,6548/91.08><,64D0/,?>39<4>CW*9B=9F=G,<=G8C9GBCH=AD@M
H<5HH<957HCFGF9GDCBG=6@9:CF=GGI=B;9@9A9BHGC:CB9WG=89BH=HMK=@@69GHF=DD98
:FCAH<9=FDF=J=@9;96IHF5H<9FH<5H5B=B8=J=8I5@=BDCGG9GG=CBC:ACF9=89BH=
Z9FG75BDF9G9BH5@@7@5=AG7CFF9@5H98HCH<CG9=89BH=Z9FGVA4>39?>3,@482>929
>3<9?23,848>0<70/4,<CW/5;B9F9H5@D
Evolution
,<9IG9C:++"<5G699BH=98HCH<9IG9C:56@C7?7<5=B!CK9J9F++"=G
6@C7?7<5=B58>579BH6IHBCH6@C7?7<5=B89D9B89BHG<99GA5BDC=BHGCIH
V*=+970-079,8>30.98N,>49891J><?0&&KA4>3466/0M80/.98.0:>==?.3,=J?=0<.08
><4.K/424>,64/08>4>CA34.37,C89><0;?4<0-69.5.3,48>0.389692C9<?=04>>94>=1?66
47,2480//0.08><,64=0/:9>08>4,6WD
,<9H97<B=75@8=A9BG=CBC:++"<5GGC:5F699B5B7<CF98=B/0.08><,64=0/4/08>4M0<=
77CF8=B;HC;C5@C:H<9-B=H98'5H=CBG;9B85:CF+IGH5=B56@99J9@CDA9BHH<9C6>97
H=J9=GHCVDFCJ=89@9;5@=89BH=HM:CF5@@=B7@I8=B;6=FH<F9;=GHF5H=CBW6M
"BH<5HF9;5F8=H8=GH5B79G=HG9@::FCAH<97CB79DHC:GCJ9F9=;BHM&5BG?=&5BG?=
=5BBCDCI@CI/5B;
"@0<4M,-60.6,47=.5B8CH<9FF9@5H98GH5B85F8G:FCAH<9/CF@8/=89/96
CBGCFH=IA/H<9G5A9=BH9FB9HGH5B85F8GCF;5B=G5H=CB69<=B8H<97CAACB
=BH9FB9HDFCHC7C@GK95F9:5A=@=5FK=H<HC85MGI7<5G!,&%5B8!,,)+,<9G989
79BHF5@=G98=89BH=HMGH5B85F8G5F95G9HC:H97<B=75@GH5B85F8G:CF@=B?=B;5B85GGC
7=5H=B;85H556CIH5B=89BH=HMGI6>97HHC;9H<9F=B5D9FG=GH9BH5B8IB=J9FG5@A5B
B9FGI7<H<5HH<9=89BH=HMGI6>97HBCHCB@M<5G7CBHFC@CJ9F<CK=B:CFA5H=CB=G
@=B?985B8IG986IH=GH<9CKB9FC:H<9DFCZ@9F5H<9FH<5B5H<=F8D5FHMG9FJ=79
DFCJ=89F,<IGH<9G9HC:@=B?9885H575@@985HH9GH5H=CBGCF7@5=AGA5M69;@C65@@M
DCFH56@9HH9GH5H=CBGA5M=B7@I897F989BH=5@GH<5H;F5BHH<9=89BH=HMGI6>97H57
79GGF=;<HGCFDF=J=@9;9GCFA5M=B7@I89J9F=Z75H=CBC:=B:CFA5H=CBGI7<5G5@=B?HC
=89BH=HM8C7IA9BHGDFC:9GG=CB5@79FH=Z75H=CBG7F98=H<=GHCFMCF5BMCH<9F85H5CF
=B:CFA5H=CBJ9FM5HH9GH5H=CBH<5H=G@=B?98HC5B=89BH=HMGI6>97HAIGH69G=;B98
8=;=H5@@M6M5BCH<9F=89BH=HMGI6>97H
++"GMGH9AGA5M697CAD5H=6@9K=H<56@C7?7<5=B:CF8C7IA9BH=B;5B85HH57<=B;
H<9HF5BG57H=CBGHC957<=89BH=HMGI6>97HWGDFCZ@9,<96@C7?7<5=BKCI@8F97CF8
HF5BG57H=CBGH<5H=B7@I89H<9588=B;CFG=;B=B;C:5HH9GH5H=CBGH<9;F5BH=B;CFF9
JC75H=CBC:5779GGDF=J=@9;9G5B8GCCB,<96@C7?7<5=B8C7IA9BH5H=CB7F95H9G5
F97CF8C:H<985H5=BH9;F=HMC:5G9HC:=B:CFA5H=CB@=B?98HC5B=89BH=HMGI6>97H
++"<=B;9GCBH<9H97<B=75@9:Z7=9B7MC:=HG7CF97CB79DHGCF=BGH5B79BCHKC
D9CD@9G<CI@8<5J9H<9G5A9=89BH=Z9F?84.4>CK<9F96MH<9=89BH=Z9F75BBCHF9:
9F9B79ACF9H<5BCB9=89BH=HMGI6>97H,<=G7CB8=H=CB75B69G5H=GZ98H<FCI;<H<9
IG9C:7FMDHC;F5D<M=9A5H<9A5H=75@@M9BGIF=B;H<5HCB@MIB=EI9=89BH=Z9FG5F9
=GGI985B8DF9J9BH=B;H<9A:FCA69=B;F9=GGI98"BCH<9F75G9GGI7<5GJCH=B;CF
7F98=H7<97?G:CF7FCGG@9J9F5;9BCCB9D9FGCBG<CI@8<5J9ACF9H<5BCB9=89BH=
Z9F=482?6,<4>CK<9F96MH<9F9@5H=CBG<=D69HK99BH<9=89BH=HMGI6>97H5B8=89BH=
Z9F=GCB9HCCB9CB@M,<=G7CB8=H=CBA5M69H<9ACGH7<5@@9B;=B;=B5DG9I8CBM
ACIG5B88979BHF5@=G98=89BH=HMGMGH9A"B5KCF@8K<=7<F9EI=F9GG=B;I@5F=HMC:
=89BH=Z75H=CBH97<B=75@HCC@G5B8CF@9;5@F9EI=F9A9BHGH<5H5F99LC;9BCIGHC5B
++"GMGH9A5DD95FHC695GC@IH=CB,<9G=B;I@5F=HMEI5@=HMC:5B=89BH=Z9F5B8
=89BH=Z75H=CBGMGH9A<5GHF58=H=CB5@@M699BGC@J98H<FCI;<79BHF5@=G9885H565G9G
K<9F9=B5@@GCIF79GC:=B:CFA5H=CB75B695;;F9;5H98HCCB95IH<CF=HMH<5H75B
7FCGG7<97?K<9H<9FCB9=89BH=HMGI6>97H<5GAI@H=D@9=89BH=H=9G5B8=89BH=Z9FG
/5B;9=@=DD=
Coexisting uses/meanings
G89G7F=69856CJ9++"=GC:H9BH=A9GIG98=BH9F7<5B;956@MK=H<H9FAGGI7<5G89
79BHF5@=G98=89BH=HM5B88=;=H5@=89BH=HM/<=@9H<9ZFGHHKCH9FAGF9:9FHC5F5H<9F
"BH9FB9H)C@=7M*9J=9KO
G=A=@5F=89BH=HMA5B5;9A9BHGMGH9ACB9H<5H5DD@=9GH97<BC@C;=75@5F7<=H97HIF9G
GI7<5GH<9CB9GA9BH=CB9856CJ9;I=8986MDC@=H=75@5B8=89C@C;=75@5;9B85G
8=;=H5@=89BH=HMF9DF9G9BHG56FC589FH97<BC@9;5@GC7=9H5@G<=:HHCK5F8G=B7CFDCF5H
=B;D<MG=75@=89BH=HMJ5@I9G=B58=;=H5@:CFA"H=GGIDDCFH986M5B9HKCF?C:@9;5@
F9:CFAG5B8:57=@=H5H986MH97<BC@C;=75@89J9@CDA9BHG+I@@=J5B9F;9F
,<9A5B5;9A9BHC:D<MG=75@5B88=;=H5@=89BH=HM=GGI6>97HHCB5H=CB5@F9;I@5H=CB
5G5B9LDF9GG=CBC:8=;=H5@GH5H9GCJ9F9=;BHM&58=9;5(B5IFCD95B@9J9@
G9J9F5@=B=H=5H=J9G<5J9699B@5IB7<98K=H<5:C7IGCB8=;=H5@=89BH=HMG9FJ=79G"B
=HGF979BH7CAAIB=75H=CBH<9IFCD95BCAA=GG=CBA9BH=CBGH<5HV,?84@0<=,66C
,..0:>0/:?-64.060.><984.4/08>4>C04=80.0==,<C19<.98=?70<=>93,@0,..0==>9
>304</,>,,8/=0.?<06C?=0>30:<9/?.>=,8/=0<@4.0=>30CA,8>A4>39?>3,@482>9?=0
?8<06,>0/:6,>19<7=>9/9=9,8/?880.0==,<46C=3,<482:0<=98,6/,>,A4>3>307?<9
:0,8=.,8,6=9-080M>1<97?=091/,>,>947:<9@0:?-64.,=A066,=:<4@,>0/0.4=498
7,5482W5D,<9V=;=H5@=B5B79+HF5H9;M:CFH<9-WGD97=Z9GH<5HV-C
>30(=39?6/47:60708>,=9?8/602,61<,70A9<508,-6482>30?=09148>0<9:0<
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85F8=G5H=CB=BH9FCD9F56=@=HM5B86FC589FG97IF=HM=B7IGHCA9FIG9F=89BH=Z75H=CB
5B85IH<9BH=75H=CB6MZB5B7=5@=BGH=HIH=CBG
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9GG9BH=5@=BA5=BH5=B=B;5BH9:08/079.<,>4.,8/=?=>,48,-60=9.40>CIK<=7<=GCB9
C:H<9A5=BC6>97H=J9GC:H<=G85H5GHF5H9;MCFH<=GHFIGH985B8G97IF9=BH9F57
H=CBG5F99GG9BH=5@,<9C6>97H=J9KCI@869HC9BGIF95DDFCDF=5H95B8=BH9FCD9F5
6@9=89BH=Z75H=CB5B85IH<9BH=75H=CB:F5A9KCF?GIFF9BH8=;=H5@=89BH=HMF9:CFAG
5F9C:H9B5@=;B98HC++":CFH<9=FC6>97H=J9HC7F95H9IG9F79BHF=785H5GCJ9F9=;BHM
!CK9J9F5B85GDC=BH98CIH6M+<9@8F5?9V,6>39?23&&3,=-008=.9:0/,<.34>0.>
0/,8/-?46>,=>0.389692C4>4=89>70<06C>0.389692CC/0M84>4984>4==9.49>0.3896
92CIBD
Issues currently associated with the term
/<=@9H<9F9<5J9699B7CBG=89F56@9F9:CFAGH<5H<5J9:57=@=H5H98H<9DFC@=:9F5H=CB
C:DF=J5H9DI6@=7=89BH=HMGC@IH=CBGH<9F9F9A5=BBIA9FCIG @9;5@7CAD@=5B79
G<CFH7CA=B;G=BH<9=AD@9A9BH5H=CB5B8;9B9F5@=G9858CDH=CBC:8979BHF5@=G98
G9@:GCJ9F9=;B=89BH=HM
+D97=Z75@@MH<99"+*9;I@5H=CB89ZB9G8=::9F9BH@9J9@GC:HFIGHG9FJ=79G5B8DFC
J=89GH<9F9;I@5HCFM9BJ=FCBA9BHH<5H9B56@9GH<97F95H=CBC:BIA9FCIG=BH9FCD9F
56@98=;=H5@=89BH=HMGC@IH=CBG@5A=@@C+7<FC9FG77CF8=B;HCFH=7@9
=5BBCDCI@CI/5B;
9@97HFCB=7=89BH=Z75H=CB=GV,7,>0<4,6,8/9<477,>0<4,6?84>.98>,48482:0<=98
4/08>4M.,>498/,>,,8/A34.34=?=0/19<,?>308>4.,>49819<,8986480=0<@4.0WBM:CFA
C:7FCGG6CF89F8=;=H5@=89BH=HMG9@:GCJ9F9=;BCFBCHKCI@8<5J9HC:IB7H=CBK=H<
=B5AIHI5@@MF97C;B=G98=89BH=HM:F5A9KCF?69HK99B-A9A69FGH5H9G:CF5I
H<9BH=75H=CB5B85779GGHC9@97HFCB=7G9FJ=79G
"B588=H=CB=89BH=HMDFCJ=89FG<5J9HC7CB:CFAHC85H5DFCH97H=CBF9;I@5H=CBGI7<
5GH<9 )**9B=9F=G =5BBCDCI@CICAD@=5B795DD95FGHC69
F5H<9F7<5@@9B;=B;8I9HC7CBGHF5=BHGF9@5H98HCH<9;CJ9FB5B795F7<=H97HIF95B8
H<9H97<BC@C;=75@89G=;BC:H<9=89BH=HMDFC>97HCF=BGH5B7957HCF@=56=@=HMC:89
79BHF5@=G985F7<=H97HIF9GF9A5=BGIB79FH5=B=B7?+=A=@5F@MH<99L9F7=G9C:
85H5GI6>97HGWF=;<HGK=H<=B5G9@:GCJ9F9=;B=89BH=HM5F7<=H97HIF9<5GM9HHC69H9GH
989GD97=5@@MK=H<H<99A9F;9B79C:B9KHMD9GC:HFIGH57HCFG
&5BM5DD@=756@9@9;5@BCFAG5F9G97HCFGD97=Z7"BZB5B7=5@F9;I@5H=CBH<9)5M
A9BH+9FJ=79G=F97H=J95=AGHC:57=@=H5H9ZB5B7=5@85H5G<5F=B;=BCF89FHC9L
D5B8H<9H97<BC@C;=75@56=@=H=9GC:H<99L=GH=B;ZB5B7=5@=B:F5GHFI7HIF9G/9GH9F
A9=9F5B8HCV:<979>04889@,>4@079-460,8/48>0<80>:,C708>=0<@4.0=W"89BH=
HM5B8H<9IG9C:GHFCB;5IH<9BH=75H=CBH97<BC@C;=75@GH5B85F8G5F96CH<?9M=B5D
D@M=B;5B8=AD@9A9BH=B;H<95GD=F5H=CBGC:H<9IFCD95B@9;=G@5HCFK=H<=BH<9Z
B5B7=5@G97HCF,<=G=G5@GC5DD5F9BHK<9BF9J=9K=B;,8>47980C6,?8/0<482&%
5B8589AC9?<.?=>970<$1C6@=;5H=CBGF9J=G986MH<9&%=F97H=J9K<=7<F9
EI=F958=;=H5@=89BH=HMH<5H:57=@=H5H9GHF5BGD5F9B7M5B8577CIBH56=@=HMC:ZB5B7=5@
=BH9FA98=5F=9G,<95DD@=75H=CBC:H<9G9C6@=;5H=CBG=BH<96FC589F7FMDHC7IFF9B7M
B9HKCF?C:57HCFGF9A5=BGIB7@95F
)I6@=78=G7CIFG9<=;<@=;<HG++"WG:CIB85H=CB5@;C5@C:D@57=B;H<9=89BH=HMGI6>97H
=B7CBHFC@C:H<9=F=89BH=HM85H5IG9F79BHF=7=89BH=HM5B8J=9KG++"GC@IH=CBG5G
5AI7<B99898;@C65@=B:F5GHFI7HIF9H<5HKCI@8DFCJ=898C7IA9BH5H=CBHC@5F;9
DCDI@5H=CBGH<5H<5J9BCB969HH9F=BH9;F5H=B;H<9A=BAC89FB8=;=H5@GC7=9HM
/CF@85B? FCID/CF@87CBCA=7CFIA!CK9J9FH<9F95F97CB
G=89F56@9F=G?GF9@5H98HCH<99LD5BG=CBC:;@C65@++"GMGH9AG:CFDIFDCG9GGI7<5G
F9:I;99=89BH=Z75H=CBGDC=BH98CIH6M<99GA5BDV>3007,8.4:,>9<C
:9>08>4,691/0.08><,64=0/?=0<9A80/79/0=914/08>4M.,>498.,7048>9>08=498A4>3
>30209:964>4.,6<0,64>C91>308,>498=>,>0=C=>0748A34.3=>,>0=I:<0<92,>4@04=>9.98
><96>306024>47,>070,8=9179@0708>F9<48/00/4/08>4M.,>498I,<9D9FG=GH9BH=B
H9;F5H=CBC:5B=89BH=HM@5M9F75BBCH577CIBH:CF5BCBMA=HMBCF:CFH<97CBH9LHI5@
,<=GC6>97H=J9=GD9F:97H@M5@=;B98K=H<H<9=895@GC:8979BHF5@=G5H=CBH<5H8FCJ9H<989J9@CDA9BHC:
6@C7?7<5=BH97<BC@C;M=B;9B9F5@C8Q =5BBCDCI@CI
"BH9FB9H)C@=7M*9J=9KO
=BH9FD9FGCB5@B5HIF9C:ACGH9LDF9GG=CBGC:CIF=89BH=HM!CDA5B&W<5F9?
C@@CK=B;5HF58=H=CBC:=89BH=Z75H=CBH97<BC@C;=9GV48>08=4M0/<02470=91
=?<@0466,8.0=0.?<4>4=,>498,8/.98><96I%MCB<99GA5BKCI@8H9B8HC
9A9F;9:IFH<9FGC@=8=:M=B;9L=GH=B;=B9EI5@=H=9G GHF9=B$C7<9BCJ
,<9F9=G5F5D=8@M[CIF=G<=B;8=;=H5@=89BH=HMA5F?9HK=H<DF9J=CIG@M=GC@5H98H97<
BC@C;=75@=B:F5GHFI7HIF9G7CBJ9F;=B;5B89B56@=B;H<97=F7I@5H=CB5B87CAAC8=Z
75H=CBC:=89BH=HM85H5/<=@9C:H9B@5I898H<97CAAC8=Z75H=CBC:=89BH=HM6MJ5F
=CIGDF=J5H9=89BH=HMDFCJ=89FG=F7<7CI@8F9GI@H=BGH5H9G7CAD9H=B;=B5B
CD9BA5F?9H:CFGCJ9F9=;B7=H=N9BG=B5@@M5GF9DIH5H=CB&57+SH<=;<+=9AG
=G697CA=B;9GG9BH=5@=BDFC8I7=B;HFIGHK=H<=BAC89FBD@5H:CFAA98=5H98
8=;=H5@G9FJ=79GC8Q8979BHF5@=G98=89BH=HM=GF9;5F8985G5B9EI5@=G=B;
:CF7969HK99BDCK9F5GMAA9HF=9G!CK9J9F@5H9@MB9K=BH9FA98=5F=9G<5J9GH5FH
98HC9A9F;9=BH<9Z9@8C:/0.08><,64=0/<0:?>,>498=C=>07=5B8K=H<H<9A7CA9G
H<9DCH9BH=5@:CF5B9KGC7=9H5@CF89FC:GIFJ9=@@5B79CI75I@H89ZB986M
H<97CBG9EI9B79GC:5GG=;B=B;D9FG=GH9BH=89BH=H=9GHC7CBHFC@ZB5B7=5@7F=A=B5@
5B8<IA5B[CKG
Conclusion
+9@:GCJ9F9=;B=89BH=HM++"=GFCCH98=BH<969@=9:H<5H=B8=J=8I5@G<5J9H<9F=;<H
HC5B=89BH=HM=B89D9B89BHC:F9@=5B79CB5H<=F8D5FHM=89BH=HMDFCJ=89FGI7<5G
H<9GH5H9CF5BMCH<9F79BHF5@5IH<CF=HM"HG=AD@9A9BH5H=CBF9EI=F9GH<989J9@CD
A9BHC:H97<B=75@GH5B85F8G5GK9@@5GGC7=CDC@=H=75@585DH5H=CBGFCCH98=B@9;5@
5A9B8A9BHG=BCF89FHC69GI779GG:I@(J9F5@@++"=G=AD@9A9BH985G6@C7?7<5=B
58>579BH6IHBCH6@C7?7<5=B89D9B89BH=89BH=HMA5B5;9A9BHGMGH9AGK<=7<5F9
;I=8986MH<9:IB85A9BH5@DF=B7=D@9C:IG9F79BHF=789G=;BIG=B;H97<B=75@GH5B
85F8GH<5H9B56@9IG9F;9B9F5H985B8IG9F7CBHFC@@988979BHF5@=G98=89BH=Z9FG5G
GC7=5H987F989BH=5@G5B85HH9GH5H=CBG,<=G=GGIDD@9A9BH986M@9;5@5B8DC@=7MF9
EI=F9A9BHGHC9BGIF9H<5HH<9C6>97H=J9G:CFD5FH=7I@5FIG975G9G5F957<=9J98=B
7@I8=B;65@5B7=B;7CAD9H=B;GC7=9H5@;C5@G69HK99BIG9FDF=J57MG97IF=HM@5K9B
:CF79A9BHZB5B7=5@=B7@IG=CB5B8F=G?A5B5;9A9BH
References
@5A=@@CCA=B;C"&&0& 02,6%0:9<>9A0&.,8602,66C=?::9<>/424>,64/08>4>C,8/
><?=>A9<>3C '-,=0/><,8=,.>498=48>30424>,6&48260!,<50>2*9DCFH3IFCD95BCAA=GG=CB<HHD
G>C=BID979IFCD59I7C@@97H=CBGG=9=85G6F=8;98C7IA9BHGG=9=85G@9;5@F9DCFH
@@9BDF=@,<9D5H<HCG9@:GCJ9F9=;B=89BH=HM2@C;DCGH3 410)4>36,.<4>C<HHDGK
=5BBCDCI@CI/5B;
KK@=:9K=H<5@57F=HM7CAH<9D5H<HCG9@:GCJ9F9F9=;B=89BH=HM<HA@8:F9:
=F7</08>4>C4=>3080A7980C698/98:?-64=3482:,<>80<=34:
C8Q&98=5H98HFIGHH<9CF9H=75@:F5A9KCF?HC588F9GGH<9HFIGHKCFH<=B9GGC:
H97<BC@C;=75@HFIGHA98=5HCFG"0A!0/4,&9.40>C<HHDG8C=CF;
C8Q =5BBCDCI@CI,<9@C;=7GC:H97<BC@C;M8979BHF5@=N5H=CB,<975G9C:
8=GHF=6IH98@98;9FH97<BC@C;=9G"B&*5;B9885 9GH9:5B=G8G69.5.3,48,8/A0-
&9.4,60.98974.,8/>0.3896924.,6.3,660820=<9?>60/20<HHDG8C=CF;
5A9FCB$&5M,<9@5KGC:=89BH=HM2@C;DCGH347,70<98I=/08>4>C)0-692<HHDGKK
K=89BH=HM6@C;7CAD
<99GA5B&+9@:GCJ9F9=;BHM:CFF9:I;99G,<97CBH9GH98<CF=NCBGC:8=;=H5@=89BH=HM
09:964>4.=<HHDG8C=CF;
IFCD95BCAA=GG=CB5977?84.,>4981<97>30.9774==498>9>300?<9:0,8:,<64,708>>30
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