Tag: blockchain technology

New article on Eusko (France)

IJCCR

The Eusko’s trajectory. Hypotheses to understand the success of the complementary local currency of the Northern Basque Country

Dante Edme-Sanjurjo*, Mathilde Fois-Duclerc**, Yannick Lung***, Julien Milanesi**** and Fabienne Pinos*****

* Euskal Moneta, Bayonne, France. eusko.dante@yahoo.fr

** Centre Emile Durkheim, UMR 5116 CNRS Sciences Po Bordeaux & MSHA, Bordeaux, France. mathilde.foisduclerc@gmail.com

*** GREThA, UMR 5113 CNRS Université de Bordeaux & Crisalidh, MSHA, Bordeaux, France. lung@u-bordeaux.fr

**** CERTOP, UMR 5044 CNRS Université Paul Sabatier, Toulouse, France. julien.milanesi@iut-tlse3.fr

***** Université de Pau et des Pays de l’Adour, Bayonne, France. fabienne.pinos@iutbayonne.univ-pau.fr

Abstract

Launched in January 2013, the Eusko (complementary local currency of the Northern Basque Country in France) became the first local currency in Europe five years later, with the equivalent of more than one million euros in circulation, surpassing the Chiemgauer in Germany and the Bristol Pound in England. This paper aims to explain the development of this complementary local currency and to formulate hypotheses about the factors for its success. Part 1 gives a statistical overview of the Eusko’s trajectory, analysing the distribution of this currency in its chronological and spatial dimensions. Part 2 focuses on the specificity of the territorial context, which is characterized by a high density of the associative and cooperative movements. Part 3 details the mobilizing organizational devices that contribute to the Eusko’s success.

Keywords

Basque country, complementary local currency, digitalization, Eusko, France.

Article Edme-Sanjurjo et al.

To cite this article: Edme-Sanjurjo, D., Fois-Duclerc, M., Lung, Y., Milanesi, J. and Pinos F. (2020) ‘The Eusko’s trajectory. Hypotheses to understand the success of the complementary local currency of the Northern Basque Country’ International Journal of Community Currency Research Volume 24 (Summer 2020) 14-29; http://www.ijccr.net; ISSN 1325-9547; DOI http://dx.doi.org/10.15133/j.ijccr.2020.009

First RAMICS Award paper

IJCCR

How could blockchain be a key resource in the value creation process of a local currency? A case study centered on Eusko

Fabienne Pinos*

* IUT de Bayonne et du Pays Basque, Université de Pau et des Pays de l’Adour, Bayonne, France. fabienne.pinos@univ-pau.fr

Abstract

Blockchain is seen as a major financial innovation for the years to come; it interests financial industry as well as some local currencies. Thus, it seems appropriate to analyze how Blockchain could be a key resource in the value creation process of a local currency. Our article aims first to analyze the potential contributions of Blockchain for local currencies. Then, we compare these contributions to the key resources and activities identified in the study of the value creation process of Eusko, the first European currency in circulation since the end of 2018. Launched in June 2011, managed by the association Euskal Moneta (EM), this initiative aims at creating value that can be considered as public value (Moore, 1995). We use the canvas of Osterwalder & al. (2011) to identify the key resources and activities of EM’s business model and explore how blockchain technology might or might not support them. We show that several factors can slow or even preclude the adoption of such a technology in an innovative context that solicits, in various forms, the adaptive capacities of project stakeholders. Through this case study, we wish to contribute to develop knowledge about economic models of local currencies.

Keywords

Local currency, blockchain, value creation, trust, transition.

Article Pinos

To cite this article: Pinos, F. (2020) ‘How could blockchain be a key resource in the value creation process of a local currency? A case study centered on eusko’ International Journal of Community Currency Research Volume 24 (Summer 2020) 1-13; http://www.ijccr.net; ISSN 1325-9547; DOI http://dx.doi.org/10.15133/j.ijccr.2020.008

Extending blockchain technology to host customizable and interoperable community currencies

IJCCR

Gustav R.B. Friis and Florian Glaser

* Brainbot Technologies AG, Mainz

** Karlsruhe Institute of Technology (KIT), Karlsruhe

The goal of this paper is to propose an open platform for secure and interoperable virtual community currencies. We follow the established information systems design-science approach to develop a prototype that aims to combine best practices for building mutual-credit community currencies with the unique features of blockchain technology. The result is a specification of an open Internet platform that enables users to join and to host customized community currencies. The hosted currencies can be classified as credit-based future type of money with decentralized issuance. Furthermore, we describe how the transparency, security and interoperability properties of blockchain technology offer a solution to the inherent problems of existing, centrally operated community currency software. The characteristics of the prototype and its ability to fulfil the design-objectives are examined by a relative evaluation against existing payment and currency systems like Bitcoin, LETS and M-Pesa.

Article Friis Glaser

To cite this article: Friis, G. and Glaser, F. (2018) ‘Extending Blockchain Technology to host Customizable and Interoperable Community Currencies’ International Journal of Community Currency Research 2018 Volume 22 (Summer) 71-84 <www.ijccr.net> ISSN 1325-9547. DOI: http://dx.doi.org/10.15133/j.ijccr.2018.017