Grassroots Economics | PositiveBlockchain.io

Short Description

  • A system that lets communities digitally create their own currencies and allow them to trade on regional economic markets that are build from the ground up

Long Description

We envision prospering economies built by thriving communities

Grassroots Economics is a non-profit foundation that seeks to empower marginalized communities to take charge of their own livelihoods and economic future. The focus is on community development through economic empowerment and community currency programs. Beneficiaries of programs include small businesses and people living in informal settlements as well as rural areas.

Ending poverty lies in building communities

Through community currencies people have a way to exchange goods and services and incubate new businesses, without relying on scarce national currency and volatile markets.

A community currency is a regionally based means of exchange that does not replace but rather supplements the national currency system. Through increasing trade by matching unmet local needs with under utilized local resources, community currencies enable sustainable environmental and social development programs. Community Currencies are distinct from the wider field of financial innovations because they are set up with the asset and productive capacity backing of the communities that will ultimately use them.

Sarafu.Network

Through our technology partners we are working on creating a system that lets  communities digitally create their own currencies and allow them to trade on regional economic markets that are built from the ground up.

Blockchain technology provides underlying protocols that allow Community Currencies to trade with each other directly and maintain collateral.

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Additional Details

  • Number of beneficiaries impacted: 1-100
  • Use of blockchain:Payments and Money Transfers , Platforms and Marketplaces
  • SDG#:1, 8, 10
  • Sponsors & Partners:Bancor and Grassroots Economics
  • Stage: Live or in Production
  • Organization Type:Partnership, Non-Profit
  • Target group:B2C, B2Government
  • Servicing area:Kenya
  • Founders:Will Ruddick
  • Female Founder:Yes
  • Number of beneficiaries impacted: 1-100
  • Use of blockchain:Payments and Money Transfers , Platforms and Marketplaces
  • SDG#:1, 8, 10
  • Sponsors & Partners:Bancor and Grassroots Economics
  • Stage: Live or in Production
  • Organization Type:Partnership, Non-Profit
  • Target group:B2C, B2Government
  • Servicing area:Kenya
  • Founders:Will Ruddick
  • Female Founder:Yes
  • Creation Year:2010
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