Time Bank

In economics, a time-based currency is an alternative currency where the unit of exchange is the person-hour.

Time Banks value everyone’s contributions equally: one hour equals one service credit. In these systems, one person volunteers to work for an hour for another person; thus, they are credited with one hour, which they can redeem for an hour of service from another volunteer.

As a philosophy, time banking is founded upon five principles, known as Time Banking's Core Values:

  • Everyone is an asset
  • Some work is beyond a monetary price
  • Reciprocity in helping
  • Social networks are necessary
  • A respect for all human beings

There are many hundreds of Time Banks across the world. You can find a map of known Time Banks internationally over at timebanks.org

# Implementations

Time Bank written as a Crypto Contract in Serpent language. Link to a Prototype

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