Creative Currency: New Tools for a New Economy
Creative Currency is an Initiative bringing together leading developers and designers with national experts in social finance, local currencies, crowdfunding, sharing platforms, and other leaders of the new economy to envision, prototype, and deploy innovative solutions that reimagine our systems of exchange from the ground up.
Focusing on San Francisco’s Mid-Market District, the initiative will answer pressing questions, such as: How can financial data empower low-income residents? How can local currencies support local businesses and community organizations? How can sharing platforms be tailored to fit the needs of under-served communities? How can tools like crowdfunding and microcredit be put to work for social service organizations and individuals alike?
The program model for the initiative (below) is a first-of-its-kind combination of extensive community outreach, rapid prototyping, and iterative deployment that emerged from GAFFTA’s experience uniting technologists and local organizations. The extensive Community Brief produced for the initiative was the result of 16 one-on-one interviews, over 150 individual surveys, and two months of research, and served as a direct input to inform hackathon teams at the Collaboration Weekend.
Teams and projects that offered new solutions social challenges faced by the Mid-Market community were chosen to receive ongoing support and funding from Hub Bay Area and Gray Area Foundation for the Arts. Creatively applied digital art and technology led to prototypes that address increased commerce, better credit, and access to basic services in the neighborhood. To learn more about the specific projects, people, and impact, click HERE.
Partnering with the social enterprise network of Hub Bay Area, the payment expertise of American Express, and the civic leadership of the San Francisco Mayor’s Office provides the opportunity to amplify this model to a new level of impact and engagement.