Case Study: Economy Builder for a post-disaster economic recovery
SITUATION: Analysis of municipal risks by partner organisation reveal that preparedness for major disruptive events (like climate event or rapid economic decline) was in place to some extent. What was lacking however, was a mechanism to restore the local economy if access to the monetary system (often digitalised and reliant on internet) was restricted post-disaster.
FRAMING QUESTION: How can a community recover the local economy post-disaster in a situation where the digital monetary system is still not functional?
SOLUTION: Set up a temporary, non-digital currency system specifically designed to be provided by aid organisations in a limited geographic area.
Essential Features of Economy Builder
- Physical vouchers, printed with unique crypto-bearing serial numbers.
- Issued post-disaster by aid team.
- Connected to volunteer time and volunteer projects for rebuilding community services.
- Used until national currency established.
What is good with Economy builder is that its project basis means that people are remunerated for taking part in projects, and project distribute goods – in some cases for free and in some for vouchers. The informal economy can begin to flourish once the projects to create infrastructure come into place.
As it is time based, the currency is transparent and a leveller.
The next step is to carry out a role-play exercise with the currency to test assumptions.
Learn more :
Download the description sheet here:Economy Builder