The SWIFT ideology is a new system of creating money in a natural way on the basis of values that are truly important to people.
The imperfect process of currency creation is the cause of wars, crises and economic gaps. In the past, each unit of money was the equivalent of the value of a certain weight of gold. Money could only be created when the mine brought out a new ore.
In the twentieth century, the system was abandoned and from now on our money arises when we take out a debt in a bank. To make matters worse Banks incur debts on their own and print money, causing unnatural behavior of the economy.
Both systems are imperfect because only the human life and solving its problems have real value.
SWIFT Ideology
The system is based on blockchain technology and divides into three components that are separate sources of currency creation. They are transactions, people's Time and information and Problem solving.
Transactions
The first component of creating the SWIFT money is transactions.Currency is created when paying for goods and services. It is not an additional cost but a completely new monetary value that goes into circulation by, for example, social services or basic income. The existing blockchain tool that could be used is LiteCoin LTC
Time and Information
The second component of the SWIFT currency is Time and Information.
The new Money arises while watching the ads. A small percentage of the new value is transferred to the viewer's account as remuneration for his account and time.
The existing blockchain tool that could be used is the Basic Attention BAT Token
Problem solving
The currency is created when the entrepreneur collects funds for new investments. The currently existing blockchain utility that could be used is Augur REP. The entrepreneur describes his idea, which is evaluated by users voting Yes or Not a successful project. According to the Augur rules, Users deposit money and place bets. Their funds go to an entrepreneur who can use them to implement the project. If his work is successful, new SWIFT money is created that goes to the winners. If the project is unsuccessful then the entrepreneur has a debt to pay off, and the newly created currency goes to the winners of the bet.
Thanks to these solutions, the money arises organically according to the rhythm of people's lives. SWIFT eliminates most of the complicated financial instruments that destabilize the economy and cause crises.
Wisit the youtube channel of the SWIFT project:
https://www.youtube.com/channel/UCOJ-wq5tZA0ySaZhW8POSQQ?view_as=subscriber