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.
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.
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.