Economies of Time_Catalysts For Change Zone of Future Innovtion

1. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B © 2013 Institute for the Future. All rights reserved. SR-1563B March 2013 Foresight Engine Game Analysis: 25 Zones of Future Innovation © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B A project by Institute for the Future and The Rockefeller Foundation www.iftf.org/our-work/global-landscape/catalysts-for-change/catalysts-zones-of-innovation Contact: Tessa Finlev, tfinlev@iftf.org

3. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B As instability continues to plague the world economy, both corporate structures and traditional salaried jobs will be impacted. Individuals, communities, and nations alike will be forced to reevaluate the accepted definitions of productivity and value. For those without salaried jobs, time tracking, time management, and the concept of “time is money” will take on new urgency. As newly integrated workers turn to contract and micro- work for their living, timesaving devices will be pervasive. Outside the currency-based world, communities will formalize long-practiced activities of sharing resources and time by developing time-banking systems in order to highlight the value of truly shared economies. This value shift will be reflected in the corporations and employers that remain—with sustainable growth and community outreach rewarded. 3 13 | Economies of Time | Future Innovation © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

4. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B The desire to revalue prosperity was very apparent throughout Catalysts for Change game play. Players suggested an abundance of ways in which we can revalue prosperity and resilience by moving away from access to money and toward access to time and human capital. Ideas included time-saving devices, time equity banks, new currency systems based on exchange of services, and skills-bartering systems. 4 13 | Economies of Time | From the Players © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

5. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 5 Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia** 13 | Economies of Time | Micro-forecasts from the Game *Cards have been lightly edited for readability. **Player location was self selected.

6. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 6 Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA 13 | Economies of Time | Micro-forecasts from the Game Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia

7. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 7 13 | Economies of Time | Micro-forecasts from the Game Nigeria Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA

8. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 8 13 | Economies of Time | Micro-forecasts from the Game USA Community farms with time- tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation. Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Nigeria

9. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 9 13 | Economies of Time | Micro-forecasts from the Game Ghana Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Nigeria Community farms with time- tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation. USA

10. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 10 13 | Economies of Time | Micro-forecasts from the Game Nigeria Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far? Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Nigeria Community farms with time- tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation. USA Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa Ghana

11. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 11 13 | Economies of Time | Micro-forecasts from the Game USA Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services. Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Nigeria Community farms with time- tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation. USA Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa Ghana Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far? Nigeria

12. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 12 13 | Economies of Time | Micro-forecasts from the Game South Africa Ties into thinking about debt- free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Nigeria Community farms with time- tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation. USA Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa Ghana Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services. USA Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far? Nigeria

13. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 13 13 | Economies of Time | Micro-forecasts from the Game USA One more thought... this could be like a Kiva model, but instead of donating just $, folks can add their human capital to the mix Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Nigeria Community farms with time- tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation. USA Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa Ghana Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services. USA Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far? Nigeria Ties into thinking about debt- free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury South Africa

14. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 14 13 | Economies of Time | Micro-forecasts from the Game Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax* Australia Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time. USA Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work Nigeria Community farms with time- tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation. USA Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa Ghana Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services. USA Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far? Nigeria Ties into thinking about debt- free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury South Africa One more thought... this could be like a Kiva model, but instead of donating just $, folks can add their human capital to the mix USA

16. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 16 Recipco is a “capacity exchange” organization that allows international trade to happen without the exchange of money. Bank Vremeni Spurred by the financial crisis of 2008, Bank Vremeni of Ukraine is a time-banking regional exchange system with nearly 50 branches throughout the country. 13 | Economies of Time | Signals from the Present Recipco Image Source: www.bankvremeni.org Image Source: www.recipco.com/application.asp?x=1&section=j&sub_section=a

17. © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B © 2013 Institute for the Future. All rights reserved. SR-1563B March 2013 Foresight Engine Game Analysis: 25 Zones of Future Innovation © 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B A project by Institute for the Future and The Rockefeller Foundation www.iftf.org/our-work/global-landscape/catalysts-for-change/catalysts-zones-of-innovation Contact: Tessa Finlev, tfinlev@iftf.org

Economies of Time_Catalysts For Change Zone of Future Innovtion

Economies of Time_Catalysts For Change Zone of Future Innovtion

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