Past Meetup

Sikoba – peer-to-peer IOUs on the blockchain

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[ This event is being organised with the help of Chris Marcilla and the support of the APSI Disruptive Models Working Group - ]

Alex Kampa will speak about Sikoba – a decentralised money platform based on peer-to-peer IOUs and built on blockchain technology. Sikoba has recently launched a token presale which will end on 15 May.

In Sikoba, participants who know and trust each other in real life grant each other credit lines. They can then pay each other without using fiat money. These peer-to-peer credit relationships are governed by contracts with specific conditions, fee structures and repayment rules. Using credit conversion, a kind of configurable rippling, payments between participants who do not trust each other become possible. Fiat money or crypto-currencies are used when there are no credit links between participants, or to repay outstanding balances when needed.

Alex has extensive experience in financial markets and software development, a life-long interest in monetary theory and is the author of "Money, Credit Conversion and the legacy of Mitchell-Innes".

Feel free to forward this information to other interested people!