Commitment Pooling on Blockchain - Njambi Njoroge (Grassroots Economics)

Introduction to Grassroots Economics

Grassroots Economics aims to bridge the gap between rich and poor communities by facilitating access to basic goods and services through a unique voucher system. Initiated by William Raddick 13 years ago, the foundation operates primarily in Kenya, focusing on community empowerment. By using a system of community vouchers, individuals are able to exchange essential items and services, allowing those who primarily struggle for daily meals to gain access to additional necessities like education and healthcare. The organization emphasizes immediate impact and community engagement, showcasing how these vouchers can transform lives by enabling individuals to save money while meeting their basic needs.

The Commitment Pooling Protocol

The commitment pooling protocol is inspired by indigenous wisdom and emphasizes the rotation of labor within communities. Essentially, it formalizes promises of work among community members into tangible commitments, supported by technology for transparency and efficiency. For example, local groups, like the Kiriba Group, engage in collaborative projects such as building houses, where each participant contributes based on their capacity and needs, ensuring everyone benefits from the effort. This commitment pooling system not only nurtures trust but also ensures that commitments are valued equitably among community members.

Benefits of the Vouchers and Digitalization

The use of digital vouchers presents numerous benefits, such as enabling participants to engage in a new economy that is less dependent on traditional currencies. The introduction of technology into the traditional forms of exchange reduces the need to worry about cash flow while still maintaining a strong focus on community-based cooperation. Community members can now trade services using vouchers that represent their commitments, ultimately leading to improved mutual support without always requiring cash transactions. The ongoing transition to digital wallets and blockchain technology further enhances this system, allowing for better tracking, transparency, and scalability of community transactions.

Future Vision and Challenges Ahead

Grassroots Economics aims to see commitment pooling extend throughout communities, interconnecting various resource pools to enhance support and offerings among individuals. The organization faces significant challenges, particularly in terms of internet access and smartphone availability in rural areas, which limits many potential users from seamlessly engaging with the digital platform. However, ongoing efforts to simplify technology and promote understanding of these systems are crucial for future growth. A sustainable and interconnected future is envisioned, where communities leverage their unique strengths, share their resources, and ultimately contribute to a more equitable economy.

The Regeneration Will Be Funded

Commitment Pooling on Blockchain - Njambi Njoroge (Grassroots Economics)

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Quick takeaways

Deep dives

Introduction to Grassroots Economics

The Commitment Pooling Protocol

Benefits of the Vouchers and Digitalization

Future Vision and Challenges Ahead

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