42

The 42 richest people on Earth have more wealth than the poorest 3.7 billion

Source

3.7 Billion

...it’s time to change the rules.

Welcome to
the GoodDollar Experiment

The GoodDollar experiment is a series of tests with the ultimate purpose of reducing wealth inequality through blockchain technology. Our mission is to build a new, global, open-source cryptocurrency – called GoodDollar – to distribute money using the principles of universal basic income (UBI).

GoodDollar, a 100% not-for-profit project, is nurturing an ecosystem – including academics, NGOs, ethical investors, crypto supporters, and anyone who cares about reducing inequality.

Join this world-changing, transformational cause today.



GoodDollar’s
Experiment is
Essential Now

Why? Because two main contributors to global wealth inequality must be solved. These are:

Imbalance of Prosperity

The world’s richest 20% - which might well include you - owns 94% of the world’s wealth. The reality is this prosperity imbalance means billions of people face a daily struggle to survive, through poverty, political unrest, and war.

Rise of “technological unemployment”

Robots, artificial intelligence, automatons – call them what
you like – are predicted to displace up to 800 million
human workers, one-fifth of the global workforce, by 2030
(McKinsey Global Institute, November 2017).

94
20

Universal
Basic
Income

Visionaries Backing UBI

Universal basic income champions include
Martin Luther King, Barack Obama,
Sir Richard Branson, Mark Zuckerberg,
Bill Gates, and Elon Musk.

Can it Reduce
Wealth Inequality?

Wealth inequality is a barrier that stops poor people from realising their potential.
Universal basic income (UBI) is the notion that all citizens ought to be granted a fixed,
minimum wage – regardless of their employment situation – to cover basic needs,
and be able to plan for a better future.

It is not just money that a job provides. It provides dignity and structure and a sense of place and a sense of purpose. So we're going to have to consider new ways of thinking about these problems, like a universal income.

It is a cruel jest to say to a bootless man that he ought to lift himself by his own bootstraps ... They find themselves impoverished aliens in this affluent society … It seems to me that the Civil Rights movement must now begin to organise for the guaranteed annual income.

We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to give everyone a cushion to try new things. We’re going to change jobs many times, so we need affordable childcare to get to work and healthcare that aren’t tied to one company.

There will be fewer and fewer jobs that a robot cannot do better, what to do about mass unemployment. This is going to be a massive social challenge, and ultimately we’ll have to have some sort of universal basic income. I don’t think we’ll have a choice. I think this is going to be necessary.

GoodDollar
UBI on a
Global Scale

GoodDollar, an evolution of digital money, takes bitcoin’s
decentralised qualities to the next level in order to tackle
inequality. We do this by adopting UBI principles on a
global scale, and providing a layer of financial support
to those most in need.

GoodDollar utilises advanced blockchain technology – specifically smart contracts, which help exchange money, property, shares, or any source of value, in a transparent, conflict-free manner.

GoodDollar is:

Accessible to anyone

No matter where you are on the planet, GoodDollar will be available for all.

Accessible to anyone

Exchangeable to other currencies

GoodDollar will be easily exchangeable into standard global currencies.

Exchangeable to other currencies

Low transaction
fees

Transaction fees will be low, insuring GoodDollar is available to all.

Low transaction fees

Fair wealth distribution

GoodDollar will be fairly distributed to combat inequality.

Fair wealth distribution

GoodDollar
Experiment’s
Research Areas

GoodDollar is determined to solve the following challenges to make UBI work on a global scale:

Social identity
01
Social identity

Develop algorithms to defend against Sybil attacks and assist by determining the necessary crypto economics to reach a global alternative to traditional KYC solutions.

Social Interest
02
Social Interest

Embrace UBI principles, and firm up a crypto that is neither inflationary nor speculative and a distribution mechanism that deploys smart contracts.

Social Governance
03
Social Governance

Design the governance of GoodDollar’s future, where communities of any size can use the money in the Decentralised Autonomous Organisation (GoodDAO).

Let’s Reduce
Wealth
Inequality

Join us:

To keep up to date with the GoodDollar project, please sign up now with your email address to receive our progress newsletter. Alternatively, follow us on Twitter, Telegram or Medium.

Join the research group:

We are seeking builders and scientists, experts in identity and privacy, governance, local
and global adoption of financial products, and wealth distribution. If you could
contribute to our research or design, please don’t hesitate to reach out.
E-mail: [email protected].

Additionally, we are looking for ambassadors, philanthropists, NGO partners, and general
do-gooders. If you’re passionate about using technology for social good, please get in touch,
and help us shape the future.
E-mail: [email protected].

For anything else contact us at [email protected].

Papers &
Resources

GoodDollar Whitepaper

White Paper

The document that outlines
the GoodDollar proposal and
the problems it is attempting
to solve, plus how our
platform works as well as its
technical architecture.

(Coming soon)
GoodDollar Positioning Paper

Positioning Paper

An executive short summary of our research and approach.

Explore Blue Arrow
GoodDollar Whitepaper

White Paper Draft 2017

Discover the vision that set things in motion

Explore Blue Arrow