The Currency Based on Good Deeds
Could paying volunteers help struggling economies?
By its very nature, volunteering means you don鈥檛 get paid. But what if there was a way to compensate volunteers that also helped the local economy? The northern English city of Hull is trying an experiment with a new, local cryptocurrency called HullCoin - the first of its kind in the world. It鈥檚 a sort of community loyalty scheme, that can only be earned by doing 鈥榞ood deeds鈥� and can only be redeemed in local businesses. But can it really improve the economic resilience of struggling industrial cities? World Hacks has been to Hull to find out.
Presenter: Dougal Shaw
Reporter: Elizabeth Davies
Photo Credit: 成人快手
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