The project explores how a local currency can make a local economy more resilient to outside corporations. The currency is a euro note with an RFID (radio frequency identification) tag stuck to it which is removalable. The RFID tagged euro allows it to be exchanged locally providing discounts in local stores as opposed to large supermarkets. The RFID tags make it possible to trace the movement of that specific euro, making it apparent how money moves in one area.
Thursday 5 May 2011
Alternative Economies : Local Currencies
The Bijlmer Euro project with artist Christian Nold
The project explores how a local currency can make a local economy more resilient to outside corporations. The currency is a euro note with an RFID (radio frequency identification) tag stuck to it which is removalable. The RFID tagged euro allows it to be exchanged locally providing discounts in local stores as opposed to large supermarkets. The RFID tags make it possible to trace the movement of that specific euro, making it apparent how money moves in one area.
The project explores how a local currency can make a local economy more resilient to outside corporations. The currency is a euro note with an RFID (radio frequency identification) tag stuck to it which is removalable. The RFID tagged euro allows it to be exchanged locally providing discounts in local stores as opposed to large supermarkets. The RFID tags make it possible to trace the movement of that specific euro, making it apparent how money moves in one area.
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