Description Quipu creates local digital markets that enable trade through a mutual credit system. Event Type Hackathon Industry Financial Services Event Organizers The Blockchain Challenge Start Date Nov 26, 2018 End Date Dec 14, 2018 Event URL quipu-blockchain-hackathon.devpost.com/ Registration URL Click here to register
In order to solve economic stagnancy in low-income communities, Quipu creates local digital markets that enable trade through a mutual credit system. Through Quipu, institutional, self-employed, formal and informal sector workers belonging to the same community can create their own business profiles and exchange goods and services using a local
currency, increasing saving and purchasing power. Quipu aims to be a disruptive digital tool to build economic justice in communities of the Global South.
PROBLEM: The information generated from economic transactions of individuals of a community may fail to be leveraged, therefore affecting the possibility of executing an effective collective bargain. Consequently, negotiations might fail to bring back a considerable amount of value to it. This affects communities worldwide on both developing and developed countries.
SUGGESTED SOLUTION: A Blockchain based tool that will enable the capture of economic transaction information of local communities with transparency and traceability, and thus allowing the obtaining of value from it when executing the benefits from collective bargains. Quipu captures, from the transactions provided by the marketplace, records with the type of good or service sold, geo-localization data, and amount. The frequency of transactions can also be tracked, based on that information. Be sure that the solution moves the right incentives, and prioritizes the empowerment of local providers and consumers, and community wealth, as a unit to negotiate with external providers.
DATES: Nov. 26 - Dec. 14 WINNER ANNOUNCEMENT: Dec. 20 CHOICE FOR PARTICIPATING: Individual or Groups of up to 4 members REGISTER AT: https://quipu-blockchain-hackathon.devpost. com/
