The project experimented a blockchain-enabled tokenized economy that at once rewards civic participation of young citizens, and encourages them to access local commercial and cultural services.
HOW IT WORKS: Young volunteers create their own personal wallet through the CommonsHood blockchain-based wallet app. Aftertaking part in volunteering and civic initiatives in “participation places”, they receive reward tokens in their own wallet. Local commercial and socio-cultural services (“exchange places”) create coupons in their wallets offering discounts and other benefits to encourage volunteers to access the same services. Through the “exchange” functionality in the wallet app, volunteers see the available coupons and exchange them with their reward tokens. Once they obtain the coupon, they can go to the related exchange place and redeem the coupon after transferring it into the wallet of the exchange place. The FirstLife map integrated in the wallet app makes participation and exchange places visible and clearly findable, thus making local actors aware of the available opportunities.