The Question of Funding, Dayra, lumbung Currency, 2022
The economic model Dayra by lumbung member The Question of Funding uses blockchain technology for circulating communal economic value. The model is based on the premise that individuals, as well as local businesses and organizations that lack financial resources, nevertheless have resources (material, physical, or intellectual) and knowledge.
The currency thus enables the creation of value for the common good through the exchange and use of these non-monetary resources. This explains the name Dayra, which means “circle” and “circling” in Arabic. In this way, Dayra not only bypasses often restrictive traditional funding models, but ensures a resilient supplementary economy that crisis-affected communities can draw upon. This video explains how the Dayra currency works with an example.