The Future of Money Award has been running since 2009 and was created to develop links between the financial industry and creative practitioners from around the world. This is achieved by awarding the opportunity to present thought-provoking ideas to a group of financial experts and industry leaders, during Tomorrrow's Transactions, the 16th annual Consult Hyperion Forum in London.
Regret can be useful, it can help us avoid the same mistakes and remind us to take advantage of future opportunities. Most people, at some point, have looked back on a decision and thought 'I wish I'd done that differently,' briefly imagining the alternative. One subject more likely to instigate the feeling of regret than any other is money. People regret spending it, owning it, doing nothing with it or not having it. However, regrets instigated by money are not just on an individual level; they can also be historical.
This year the FOM award invites artists and designers to imagine a counterfactual scenario from the history of money that reimagines how money could have developed if things had gone differently.
What if Aristotle had died before writing his observations of the ancient Greek currency system, would Plato's money free utopias have become more influential? How might electronic payments evolved, if western union had not successfully created a monopoly surrounding the telegraph? Or in the context of tracked electronic payments, would it have been better if the cash like digital wallets from the 90's like Mondex or Visa cash, became the standard? Or what if the financial crash of 2008 never happened, what would have become of Bitcoin and the blockchain?
Deadline for submission is March 1, 2017
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