Economic Networks

Valueflows is a vocabulary and model for creating flow-oriented systems. They are the best design for [economic networks](https://duckduckgo.com/?t=ffab&q=economic+networks&ia=web) like supply chains and economic ecosystems.

The flows in Valueflows create, use, trade, and move economic resources from one EconomicAgent to another, following the Resource-Event-Agent (REA) ISO Accounting and Economic Ontology (need link here but am failing to create links in write.as for now).

Flows evolve from Intents (which means that at least one Agent wants them to happen) to Commitments (which means that two Agents have agreed that this flow should happen) to Economic Events (which means that the flow happened, and the agreed-upon action happened to the designated Economic Resources).

Each flow, at least when it becomes a Commitment, involved two Economic Agents, a provider and a receiver. When the flow becomes an Economic Event, the designated Economic Resources flow from the provider Agent to the receiver Agent.

Alice in the diagram may belong to a different organization than Bob, so the flows may travel from one organization to another in an economic network.

So the flows can connect and unify the different organizations in the network and they can all act together to coordinate their economic activities.

Plus, by using the Valueflows vocabulary, each organization can create their own accounting entries for all of their activities in the network.