In light of increasing cashlessness, platform economies, Open Banking APIs, financial bots and cryptocurrencies, money is on the move - once inert, money is gaining agency, becoming programmable, automated, data-driven and part of 'more than human' infrastructures. These financial futures demand that designers engage with difficult questions of economy and value, while retaining a sensibility to the many subtle and social qualities of money and our everyday economic interactions. This one-day workshop will therefore bring together practitioners and researchers to explore design challenges related to four broad themes: Designing with Transactional Data; Designing Alternative Representations of Value; Money, Automation, Power, and Control; and Financial Futures with Vulnerable Users. Developing scenarios related to these themes, the workshop will cultivate a rich design space to establish the value of design-led research in shaping our financial futures.
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Politie, Openbaar Ministerie, wetenschap en onderwijs vinden elkaar in het project Follow The Money. Dit project ging begin dit jaar van start. In Follow The Money staat innovatie in het opsporen van illegale geldstromen en fraude rondom de georganiseerde hennepteelt centraal. De politie werkt in het project samen met het Openbaar Ministerie, de Universiteit Maastricht en Zuyd Hogeschool. Vijf studenten zijn vanuit het iLab met diverse onderzoeken binnen het project aan de slag gegaan: “Dit project gaat ons verder brengen.”
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Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. https://bitcoin.org/bitcoin.pdf outlined an alternative to the current monetary system in which banks are replaced by a peer-to-peer system to issue and transfer digital money: the Bitcoin. While Bitcoin has attracted a substantial investment volume, the system has not achieved the status of a viable alternative monetary system. However, the distributed ledger technology (DLT) underlying the payment system is being applied successfully by financial institutions and is likely to have important implications for the future of money and banking. In this paper we therefore focus on the most advanced distributed ledger application in the financial industry: R3 Corda. This paper is structured as follows. In the first section, we relate the debate about systems of money creation to the rise of Bitcoin. Next, the development of R3 Corda is discussed and the lessons learned for monetary reform. We conclude with an assessment of the scope and likelihood of monetary reform as a consequence of DLT applications by central banks.
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Recycling of plastics plays an important role to reach a climate neutral industry. To come to a sustainable circular use of materials, it is important that recycled plastics can be used for comparable (or ugraded) applications as their original use. QuinLyte innovated a material that can reach this goal. SmartAgain® is a material that is obtained by recycling of high-barrier multilayer films and which maintains its properties after mechanical recycling. It opens the door for many applications, of which the production of a scoliosis brace is a typical example from the medical field. Scoliosis is a sideways curvature of the spine and wearing an orthopedic brace is the common non-invasive treatment to reduce the likelihood of spinal fusion surgery later. The traditional way to make such brace is inaccurate, messy, time- and money-consuming. Because of its nearly unlimited design freedom, 3D FDM-printing is regarded as the ultimate sustainable technique for producing such brace. From a materials point of view, SmartAgain® has the good fit with the mechanical property requirements of scoliosis braces. However, its fast crystallization rate often plays against the FDM-printing process, for example can cause poor layer-layer adhesion. Only when this problem is solved, a reliable brace which is strong, tough, and light weight could be printed via FDM-printing. Zuyd University of Applied Science has, in close collaboration with Maastricht University, built thorough knowledge on tuning crystallization kinetics with the temperature development during printing, resulting in printed products with improved layer-layer adhesion. Because of this knowledge and experience on developing materials for 3D printing, QuinLyte contacted Zuyd to develop a strategy for printing a wearable scoliosis brace of SmartAgain®. In the future a range of other tailor-made products can be envisioned. Thus, the project is in line with the GoChem-themes: raw materials from recycling, 3D printing and upcycling.
CRYPTOPOLIS is a project supported by EU which focuses on the financial management knowledge of teachers and the emerging field of risk management and risk analysis of cryptocurrencies. Cryptocurrency has shown to be a vital and rapidly growing component in today’s digital economy therefore there is a need to include not just financial but also crypto literacy into the schools. Beside multiple investors and traders the market is attracting an increasing number of young individuals, viewing it as an easy way to make money. A large pool of teenagers and young adults want to hop on this train, but a lack of cryptocurrency literacy, as well as financial literacy in general amongst youth, together with their inexperience with investing makes them even more vulnerable to an already high-risk investment.Therefore, we aim to increase the capacity and readiness of secondary schools and higher educational institutions to manage an effective shift towards digital education in the field of crypto and financial literacy. The project will develop the purposeful use of digital technologies in financial and crypto education for teaching, learning, assessment and engagement.
One of the major challenges for microsystem-based (MEMS -based) devices producing companies in general, and Bronkhorst High-Tech in particular, is to determine as early as possible in the production process which devices perform within specifications and if so by how much. Being able to separate the devices that do not comply as early as possible in the assembly flow would prevent spending time, money and materials on unsellable products. Being able to further separate good devices in multiple “performance bins” would bring even more cost and waste reduction by enabling Bronkhorst to pre-select finished products for different customer requirements. In this project we specifically focus on a micromachined flow sensor which is considered for a scale-up in production volumes in the near future. The ability to separate out badly performing devices translates to the challenge of finding a suitable test method, yielding the following research question: what are the success factors that would allow our MEMS partners to correlate product performance with measurements (tests) performed early in the production cycle? An answer makes it possible to implement the planned production scale-up of this MEMS device but also to reduce costs and waste typically associated with production failures. The device selected in this project is taken as an example for a broad range of chip-based MEMS devices with similar challenges. Therefore, we plan to use an applied research approach, looking at theoretical models of both device and production process, performing correlation measurements and delivering our recommendations on how to best tackle these production issues. It is our intention to thus generate expertise (knowledge & data) as well as a network on which we build a consortium around a future PPS (public-private partnership) where these challenges form a common theme.
