Principles for co-producing a currency
The co-production method can be used in the currency design process itself to overcome some of the issues cited above. However, because needs, assets and objectives are unique to each individual and community, there is no definitive co-production blueprint. Rather, certain guiding principles should be considered.
For example, within a currency project, co-production should involve:
- Developing people’s existing capabilities: Identify strengths and assets they bring to the table. Actively support people to utilise these at all stages of the currency project.
- Mutuality and reciprocity: Offer stakeholders a range of incentives that enable them to work in reciprocal relationships with professionals and with each other, with shared and managed expectations.
- Peer support networks: Engaging peer and personal networks alongside currency experts is the best way to transfer knowledge.
- Blurring distinctions: Reduce barriers between professionals and recipients, and between producers and consumers by recognising that people are indeed experts in their own habits and needs and, as such, in how a currency could align with these.
- Facilitating rather than delivering: View the currency as a catalyst and facilitator of change rather than the central agent of change itself.
- Recognising people as assets: See people as equal partners in the design and delivery of the currency, rather than passive recipients and burdens on the project.