External funding for projects is substantially easier when there is trust! Trust that the funds will end up at the right persons and be spent on the intended goals. By extending the functionallity of money (which basic functionallity is: unit of account, medium of exchange and storage of value) with one extra function: "to incentivise, reward and help people" we created technology to generate this trust. We developed programmable money: (electronic) money with rules inside. The issuer can define: WHO gets how MUCH, WHERE it can be spent, on WHAT and WHEN. Then ONLY pays what was REALLY spent on the defined goal (leaving an exact trail for reporting) directly from their own bankaccount to the bankaccount of the retailers. (it is even possible to look at real-time-spending from a dashboard) Combining old with new: When you take a grandmothers wallet, with compartments for different kinds of (earmarked) money: clothing money, grocery money, rent money, holiday money, etc. and combine it with modern web3 technology: the ability to secure, fast and safe transfer value over the internet by use of a mobile phone. Add a simple and intuitive way to pay (scan a QR-code and press 1 button)... and you have a tool with which you can create opportunities for MANY people and use-cases (money is a big enabler but it has to arrive at the right spot, at the right time for the right thing).
- Description of how programmable money works, its spectrum of use cases, how we already implemented it in The Netherlands to distribute relief money from the government, how we used it to drive sustainability, how we can use it for social inclusion - examples deplyoments from several different SDG's - interaction with the audience to "blitz-design" local use-cases (spontaneous) leveraging the advantages of purpose bound money: lower administrative burden, reduce fraud and misuse while stimulating the local economy and being evironmental friendly. We will accept questions and remarks from online audience and show them the live-demonstrations through smartphone-screen-mirroring, accepting requests for use-cases in the brainstorm/design phase of the presentation.
Open Zoom
