We provide a meta-tool, for designing and deploying your own complementary cryptocurrency, which can even include a basic income for each of your community members. The mechanism we designed is one supported implementation. It’s down to your community to choose the settings.
The Value Instrument outlines four design principles for value accounting and establishes a system in which each setting is customizable according to the requirements of its user base.
The principles themselves are technology-agnostic; however we believe their application will be most effective if paired with distributed ledger technology and smart contracts, using digital tokens. Depending on the design of each implementation, an established token may
also be used as a form of money, likely complementary to other currencies in use.
The Value Instrument token design principles allow for highly flexible token creation for many individual use cases. They are open to be integrated into any Dapp, app, software or web-platform.
QWhat positive social or environmental do you aim to generate?
We want to provide kind of a wordpress for value accounting for communities to learn, experiment and bootstrap their own communities.
QWhat has your organisation enabled so far in quantified terms (e.g. 20% efficiency gain, 100 beneficiaries received aid in the past six months) and what are the next steps?
We are just starting with different implementations, like impactjourney.cc .
QWhy are you specifically using blockchain in your project?
Yes, we used Ethereum, because we started with the community. VI is DLT agnostic. We are aiming to implement a Bitlattice version asap.