© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B© 2013 Institute for the Future. All rights reserved. SR-1563B

March 2013

Foresight Engine Game Analysis:

25 Zones of Future Innovation

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

A project by Institute for the Future and The Rockefeller Foundationwww.iftf.org/our-work/global-landscape/catalysts-for-change/catalysts-zones-of-innovation

Contact: Tessa Finlev, tfinlev@iftf.org

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

13 | Economies of Time

2

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

As instability continues to plague the world

economy, both corporate structures and

traditional salaried jobs will be impacted.

Individuals, communities, and nations alike will

be forced to reevaluate the accepted

definitions of productivity and value. For those

without salaried jobs, time tracking, time

management, and the concept of “time is

money” will take on new urgency. As newly

integrated workers turn to contract and micro-

work for their living, timesaving devices will be

pervasive. Outside the currency-based world,

communities will formalize long-practiced

activities of sharing resources and time by

developing time-banking systems in order to

highlight the value of truly shared economies.

This value shift will be reflected in the

corporations and employers that remain—with

sustainable growth and community outreach

rewarded.   3

13 | Economies of Time | Future Innovation

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

The desire to revalue prosperity was very apparent throughout Catalysts for

Change game play.

Players suggested an abundance of ways in which we can revalue prosperity and

resilience by moving away from access to money and toward access to time and

human capital. Ideas included time-saving devices, time equity banks, new

currency systems based on exchange of services, and skills-bartering systems.

4

13 | Economies of Time | From the Players

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 5

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia**

13 | Economies of Time | Micro-forecasts from the Game

*Cards have been lightly edited for readability.**Player location was self selected.

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 6

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

13 | Economies of Time | Micro-forecasts from the Game

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 7

13 | Economies of Time | Micro-forecasts from the Game

Nigeria

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 8

13 | Economies of Time | Micro-forecasts from the Game

USA

Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Nigeria

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 9

13 | Economies of Time | Micro-forecasts from the Game

Ghana

Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Nigeria

Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.

USA

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 10

13 | Economies of Time | Micro-forecasts from the Game

Nigeria

Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Nigeria

Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.

USA

Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa

Ghana

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 11

13 | Economies of Time | Micro-forecasts from the Game

USA

Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Nigeria

Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.

USA

Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa

Ghana

Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?

Nigeria

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 12

13 | Economies of Time | Micro-forecasts from the Game

South Africa

Ties into thinking about debt-free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Nigeria

Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.

USA

Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa

Ghana

Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.

USA

Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?

Nigeria

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 13

13 | Economies of Time | Micro-forecasts from the Game

USA

One more thought... this could be like a Kiva model, but instead of donating just $, folks can add their human capital to the mix

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Nigeria

Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.

USA

Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa

Ghana

Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.

USA

Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?

Nigeria

Ties into thinking about debt-free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury

South Africa

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 14

13 | Economies of Time | Micro-forecasts from the Game

Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*

Australia

Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.

USA

Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work

Nigeria

Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.

USA

Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa

Ghana

Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.

USA

Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?

Nigeria

Ties into thinking about debt-free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury

South Africa

One more thought... this could be like a Kiva model, but instead of donating just $, folks can add their human capital to the mix

USA

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

Signals from the Present

15

13 | Economies of Time

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 16

Recipco is a “capacity exchange” organization that allows international trade to happen without the exchange of money.

Bank Vremeni

Spurred by the financial crisis of 2008, Bank Vremeni of Ukraine is a time-banking regional exchange system with nearly 50 branches throughout the country.

13 | Economies of Time | Signals from the Present

Recipco

Image Source: www.bankvremeni.org

Image Source: www.recipco.com/application.asp?x=1&section=j&sub_section=a

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B© 2013 Institute for the Future. All rights reserved. SR-1563B

March 2013

Foresight Engine Game Analysis:

25 Zones of Future Innovation

© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B

A project by Institute for the Future and The Rockefeller Foundationwww.iftf.org/our-work/global-landscape/catalysts-for-change/catalysts-zones-of-innovation

Contact: Tessa Finlev, tfinlev@iftf.org