Dayra
or how to circulate communal economic value?
دايرا
أو كيف نعمم
القيمة الاقتصادية المجتمعية؟
In line with our ever-evolving questions and to better
harness the vast resources that are continually stifled by the harsh economic
and political realities in Palestine, our collective is building an economic
model called Dayra, which is Arabic for
“circle” and “circling”, that materializes
existing trust circles within communities.
It is a funding system that inverts the existing funding processes: it begins
with zero budget and builds up community capital through the circulation of
resources. This capital then becomes a local asset that stores value within the
community.
Dayra will allow individuals, small businesses and organizations who are experiencing times of financial crises to make use of existing and future resources through trust systems based on blockchain technologies. This model expands on a community-governed economic system that will facilitate and connect local production from small cultural institutions, small businesses and creative industries, household economies, and freelancers to foster social development. This model not only aims to bypass the traditional and restrictive funding models that we have depended on so far but also aims to enlarge the trust circles ensuring a resilient and supplementary economy through which different communities in crisis are able to grow on their own terms.
Dayra was first introduced in the context of documenta fifteen in the form of posters and informative videos.
Dayra will allow individuals, small businesses and organizations who are experiencing times of financial crises to make use of existing and future resources through trust systems based on blockchain technologies. This model expands on a community-governed economic system that will facilitate and connect local production from small cultural institutions, small businesses and creative industries, household economies, and freelancers to foster social development. This model not only aims to bypass the traditional and restrictive funding models that we have depended on so far but also aims to enlarge the trust circles ensuring a resilient and supplementary economy through which different communities in crisis are able to grow on their own terms.
Dayra was first introduced in the context of documenta fifteen in the form of posters and informative videos.
