Jeffery GarlandA growing number of social enterprises are adopting blockchain these days, tapping the technology’s ability to build safe, transparent networks. One recent example is COMMON, a social entrepreneurship accelerator and collaborative community based in Boulder, Col.COMMON just introduced a cryptocurrency called COMMON Cents, to be used by members of its community. The aim is to reward and encourage collaboration among members, who are located in 21 countries. As for COMMON Cents, the basic concept is to provide what Eckhardt describes as a “universal basic income” to members. That is, it’s a centralized currency for the COMMON community, not an investable asset class, aimed at encouraging the 200 or so community members to continue participating as they grow.

Source: Forbes May 28, 2018 16:07 UTC