him if it khan has lived up to its revolutionary promise. first it was fighting against the banks the existing financial systems if you like the banks had already screwed everybody over and we almost like massive catastrophe but right now this is a new type of financial instrument and you monetary system gave us the potential to maybe create something new. as the original crypto currency and i think right now it s been fascinating about how the old world economy has been catching up how old world investors have been catching up because we ve gone quite a long. way from let s say more of the beginnings of cryptic currencies into what we re seeing now the only way the crypto really goes well as by integrating with the traditional world. started out as an anarchist project but cryptocurrency is a chain and now mainstream big banks and investors have got involved. they have discovered you can also speculate with because. ninety six percent of all bitcoins belong to four percent of the curr
store of value to medium of change and to be. too soon to say that everything that s been built up over thousands of years is on its way out but it does look like we are heading in that direction. both favor regulation of crypto currency. to make the more attractive carsten in order to combat the criminals. well turning away from criminals and speculators maybe there are other people in my five block chain based currencies attractive what about communities creating new money for social good using crypto currency a new digital cohen is banking on the idea that people can profit from voluntarily solving problems in the world around them. the existing economic system is
the chain has the potential to give back to customers control of their data he says blushing creates transparency it s a form of distributed letter technology and she s looking into ways that can be deployed at the bank has lurch from crisis to crisis for years and daily needs to win back trust and business. we need to do better demonstrate we re looking ahead attract customers and focus on serving them. than. i would be banging it out in the bank is like a big ship that has to change direction. of course there s an agile little tug in front and that s us we test new things. and if they prove their worth they ll be implemented in the rest of the bank. crypto and her team are often out and about exploring what it is the bank s customers really need she also confers a lot with dr banks london innovation lab it s headed by john pearce of he tells us
idea of a problem in your problems young people face that can be reduced through voluntary activities like these here there s value in that in fact it can be displayed in a car then the community can say we like this and we want to back it that hole will give you so many impact to support it improved doria my can trade the social impact tokens into a tradable cryptocurrency the sobs. the project even reaches places like the jungle of papua new guinea the idea of a social cryptocurrency has a lot of potential in developing countries. that s why the founders of doggie own have come to port moresby the capital city of papua new guinea to introduce the concept at a start up conference. for the past two years and they are slang in co-founder hard to tell his story have attended the chain of events worldwide germany up interest in sustainable investments. everybody
a voluntary basis. has been coaching young people on the football field for years now sport has kept some of them off the streets and help prevent them from potentially slipping into a life of crime his unpaid dedication and darmstadt has been rewarded in the form of this card. with the volunteer award card with it you can visit museums or go to the theater it s a way of acknowledging what people do and giving them something back. the concept got gave our thinking could rewarding people for voluntary work in the community help make the world a better place that s why four years ago he teamed up with some entrepreneurs including n.p.r. slang to create a social currency it rewards people who solve problems sustainably in society in the environment or in training and education they named their project dog it s a foundation using blogger chain technology worldwide to assess the value of an