LOCAL COIN:
A DIGITAL CURRENCY FOR RURAL COMMUNITIES
Local Coin is a cryptocurrency targeted at financially poor and resource rich rural communities who are often the victims of exploitation. Money is a huge barrier for some communities, especially in developing nations. Using Local Coin allows communities with almost no conventional wealth to take control of their own resources and stimulate their local economy. It allows communities to create a currency that is detached from corrupt governments and central banks. Local Coin operates by collating and grouping transaction information into sustainability categories. This creates a global platform for rural communities across the world to connect and share knowledge and expertise on sustainable development work in different sectors. Local Coin is a collective story told by the people who use it. This currency encompasses a new age of economic thought, no longer focused on individual wealth and accumulation of resources but rather a collective effort to preserve and enhance the environment everyone lives in.
WHAT
LIVE PROJECT
WHERE
GLASOW
WHEN
2019/2020
Download the full project Process Journal here. It explains the entire design process in detail.
Local Coin Prototyping and model making
Local Coin at the Work in Progress Exhibit, The Lighthouse, Glasgow
The Local Coin Digital Platform explained
Download the full project process journal here to explore further the design process behind Local Coin.