Fish Coin

Description

Hannes Gerhardt:

"On a small boat off the coast of Thailand fishermen take stock of their haul for the day. They whip out a phone, open an app and record essential information regarding the amount of fish caught, the location, the time and under what conditions. This is uploaded to a database with similar information from other fishermen; the fish itself is packaged with a tag linked to all the sourcing information.

The fishermen are credited with a cryptocurrency called Fishcoin, which they can redeem for costly data from their local phone service provider. If they have the means, they could also trade the Fishcoin in online cryptocurrency markets. Keen to source sustainable seafood, the information on the fish is of great interest to governments, businesses and consumers, who use Fishcoin to pay for access to it, reinforcing a currency that serves local fishermen and environmental stewardship."

(https://onlinelibrary.wiley.com/doi/full/10.1111/anti.12705)