In the beginning I didn’t really take an interest in this topic and, so I missed many things about what may have a real impact on organizations in the future.

Virtual Moneys are nothing new and come in many forms : in France we have the SEL, Switzerland WIR. Closer to us, people who are used to second life use Linden Dollars and twitter users are discovering  Twollars, a currency they use to thank each other and help charities.

There’s a common point to all these initiatives : they aim at allowing exchanges, through a trusted currency, in a context of scarcity of legal money. Anybody can create his own money which doesn’t rely on tangible and material wealths anymore but on trust and what people have to give to one to the other. If I wanted to use great words, I’d say a currency that rely on Human’s wealth. A currency indexed on human and social capital. At the end that’s not very far from the truth and perfectly fits the current trends and expectations. Anyway, many organizations, from non profits to large businesses, even banks, are now investigating thid field. This is no surprise as experience teaches us that open and virtual moneys are the alternative par excellence to legal moneys when the last are becoming scare although the real wealth (in the general sense of the word) people can exchange remains intact.

I highly advise those who can understand a word of french to watch these two videos from Jean-François Noubel on the future of money.

The Future of Money (Partie 1) – Jean-François Noubel – 8′ 21″ from ChristopheDucamp on Vimeo.

Future of Money (Partie 2) – Entretien à Paris avec Jean-François Noubel from ChristopheDucamp on Vimeo.

Let’s remind one thing : in a close future, we’ll have to learn how to deal with many different moneys.

What does it mean for organizations ?

[Read more...]