In this video Jamie Klinger presents JoatU — a Community-driven Economics and a development of a web application enabling this kind of exchange



This is also a call for developers to this volunteer project, if you are a developer you can find Joatu on GitHub

What is JoatU, exactly?

It’s a web application that allows to offer services and products, and it’s a complementary currency “Jack Of All Trade Unit” supporting local community projects by direct democracy.

Joatu is an initiative that is interesting from several perspectives. One of the things is that the algorithm of generating this complementary currency is different from other currencies, and based on the evaluation by the community. This makes it interesting from the computational point of view. Another thing is that as a “Jack Of All Trade Unit” it can encourage the community to share a variety of different services and products with each other. This means that one person can exercise her/his different skills and does not have to specialize in just one.

We’ll try to look more deeply into these different aspects of this project in the follow up interview with Jamie Klinger.