CHALLENGE 5: Redesigning the "Economy" in the Circular Economy

This is Challenge 4a from the main Cape Town framework challenge



Note: All our challenges are collaborative. Skype, email or contact us if you want to work with us in real-time! Let’s make a better world for everyone together!


The Circular Economy consists of “Circular” and “Economy”. This design challenge focuses on the “Economy” side of the term.

The economy underlies everything. Yet the economy is out of balance. We need to return to the original definition of “economy” remind ourselves what it is. Both “ecology” and “economy” begin with the prefix “eco”. The etymology shows that it comes from: oikos - household and nemein - management, giving rise to oikonomia - household management, morphing into the French - economie and finally the English - economy.

Economy is management of the household but Ecology is the science of study of the household, the scientific analysis and study of interactions among organisms and their environment.

The economy is the smaller habitat, our box houses; the ecology is the larger habitat which the economy is embedded within.


Activity: Global brainstorm session and begin initial design of various components

This challenge seeks to examine the roots of our current economy and monetary system to see their connection to an ecocidal production system and to see if it is possible to design new digital economic value systems that internalize empathetic variables into its basic code and helps acceleration rapid ecological footprint reduction and emissions reduction at a rate commensurate with rapid emissions reduction targets.

Can such systems applied at local level can accelerate empathetic behavior so that it is in the best interest of people to help other people and the surrounding ecology instead of simply helping themselves at the expense of ecology.

This is a framwork challenge with a number of potential subchallenges including the design of a number of blockchain based digital currencies and economic value systems including:

CH 5a: Arthur Brock and Eric Harris-Braun Threeble triple bottom line currency
CH 5b: Arthur Brock CEPTR low level language for building digital currencies
CH 5c: Arthur Brock’s Currency Commons
CH 5d: Mark Mitchell’s Upsilon system
CH 5e: Larry Chang’s Net Planetary Value system
CH 5f: John Boik’s token system in his Local Economic Direct Democracy system

Each of these can be a challenge. Everyone here except for John Boik will be speaking on Google Hangout to present his system and discussion that follows can determine if they can be issued as build challenges for the hacker community.

Check on the Cape Town page for updated schedule for these talks. These are global currency design challenges and open to the global community of open source digital currency designers.

SRG platform will use a successful design that matches the functional requirements of the platform to empower the global design community and bridge them to products and services produced by local progressive brick-and-mortar producers in their same respective community.

1 Like

Hi Gien,

Great meeting you today. Thank you for sharing a lot of good information. Here is the study I promised to send:

Take care, Silvia

Thanks Silvia! Likewise!

One question that nobody has thought about yet. If the global commons takes off, for example if Stop Reset Go, Michel Bauwen’s Commons Transition, Real Economy Lab…all take off…
what if we build huge numbers of local circular economies?

Wouldn’t this leave huge amounts of stranded assets? The current global supply chains and centralized production plants…wouldn’t they be at risk? I don’t think I’ve seen any academic studies of this. People probably think it is not likely that the global commons can get this big. Jeremy Rifkins thinks it can.

Just planting a seed in your mind! :smiley: