Development needs to meet the UN SDG have primarily been financed
through private sector financing, conventional public sector funding and
philanthropic commitment. These sources are not sufficient in scale and
speed to meet the pressing finance needs. The world community is too
busy repairing, stabilizing, and refunding the system to maintain the
stability of the existing system. The introduction of a parallel
electronic currency specifically designed to finance global commons, and
a human-centred economy would provide the necessary resources to achieve
the UN SDGs while stabilizing the existing monetary system.
This book analyses how the development of cryptocurrencies based on
blockchain distributed ledger technologies has prompted leading central
banks around the world to study the potential application of this
approach to directly inject purchasing power without dependence on the
banking system. Furthermore, the book illustrates how this approach can
be utilized to finance the huge multi-trillion dollar annual investment
requirements for achieving the Sustainable Development Goals (SDG).
With a Foreword from the President of the Club of Rome.
"This book is where fiction turns into fact." - World Bestselling
Author of 'The Minister of the Future' Stan Robinson
"...challenging, innovative and interdisciplinary... to address the
world's problems." - Founder and Father of the Quantitative Easing
(QE), Prof. Dr. Richard Werner, Oxford University, GB
"The real tragedy of the commons, as this book shows, is that we have
allowed the most valuable social resources, our money and legal systems,
to be employed for private gain instead of mobilizing them for social
goals, not the least to ensure the survival of the human species on this
planet." - Best-selling author of 'The code of capital' Katharina
Pistor, Edwin B. Parker Professor of Comparative Law and Director,
Center on Global Legal Transformation Columbia Law School, USA
