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SingMoney

End of the month. Pay date. This month you not only collect your salary; you also collect SingMoney. A Singapore currency for social good. You can use it to buy your locally produced organic vegetables and wind-powered electricity.

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Introducing SingMoney. A local currency for social good.

(note: 99% a replica of the GreenMoney concept found here:  /open/business-impact-challenge/concepting/greenmoney/)

It trades like any other currency except it has its limitations. It can only be used for identified causes that are certified sustainable/good.

Business will also report in SingMoney they earn thus giving them an opportunity to maximise not only 'normal' profit, but also social/green profit.

Essentially the concept is very simple. One Singapore, two currencies. The mind map illustrates some of the many possibilities that they currency could explore. The possibilities are the endless.

How does your concept inspire collaboration between individuals, private sector organisations, and the government in an effort to create cleaner neighbourhoods?

As it will be traded in the local community it will connect people in making conscious sustainable decisions through buying, sourcing, trading. Few things connect communities like a currency.

How might your concept be scaled in a way that creates even more connections between people?

If it works in Singapore, why not take on the global stage as suggested with the GreenMoney concept in the 'How might we identify and celebrate businesses that innovate for world benefit – and inspire other companies to do the same?' challenge. http://www.openideo.com/open/business-impact-challenge/concepting/greenmoney/

How might you design a small experiment around your concept that would mobilise action?

Let one company pioneer it in Singapore, one local community, one street, one shopping mall. It can start small like the http://bristolpound.org.

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