Het Belang van Limburg and Fairfin, launched the LimbU, a new community currency aimed at encouraging good habits in sustainability, community support, local products and short supply chains. The initiators of the LimbU are stepping up their efforts to gear to develop the LimbU’s own payment app and platform, in conjunction with The Studio, Belfius’ innovation laboratory.
The LimbU, is not backed by ‘hard currency’. It aims to contribute towards actively uniting all positive forces within the province, ranging from private individuals, companies, associations to public authorities. The goal is to encourage all these ‘forces’ to show support for building a greener, more welcoming Limburg.
The LimbU is a local community currency for everyone who lives in Limburg. To start earning LimbU, all people have to do is take part in constructive civil programmes such as collecting rubbish, working at a repair cafe, giving blood or plasma, taking part in a charity clothes collection, composting organic waste, attending a course on First Aid, opting for reusable diapers etc. People can then ‘spend’ their earned LimbU with a number of partners like museums, swimming pools, restaurants, local traders and provincial partners. A digital currency payment platform needs to be based on cutting-edge technology and has to be entirely in line with official regulations.
Wim Van De Putte from Uitmuntend Limburg explains: “It was not easy finding the right partner with the required experience and expertise. But from the very outset, The Studio, Belfius’s innovation lab, impressed us with its ability to understand this complex issue and its willingness to meet the challenge. In fact, The Studio has its own scalable platform for creating a digital currency based on blockchain, enabling us to access the Belfius e-money licence. This gives them total credibility as well as the necessary security. The LimbU platform is currently available in all of the local council areas across Limburg. After registering on mijnlimbu.be, private citizens can take part in the sustainable programmes run by Limburg.net. At the present time, nine municipalities in Limburg have decided to operate programmes in aid of good causes with the LimbU. As a result, their residents are able to become involved more at the local level. This number is likely to grow exponentially in the years to come – particularly as the result of this partnership.”
Ronny Neckebroeck from The Studio: “We are honoured to be part of such a beautiful project. Developing the platform and payment app is a major step forward along the way towards making the LimbU project a professional and sustainable initiative. Working with Uitmuntend Limburg, we will make the LimbU a success – we are sure of it. And our experience in innovative digital solutions and blockchain makes us the ideal partner for handling the technological side of this great story.”
The Studio is no newbie in this fast changing world of blockchain development. Working with Flow Pilots, it has recently also developed a mobility platform aimed at schools and local authorities, enabling schoolchildren to earn ‘virtual ducats’, each time they walk to school or go by bike. This unusual reward system, which is also based on blockchain technology, is currently being rolled out in three Belgian pilot municipalities: Bonheiden, Peer and Crisnée.
At the beginning of this year, The Studio also developed Pengo, an innovative service that enables individuals to send payment requests via instant messaging platforms such as Facebook, Messenger and WhatsApp. The Studio also founded the start-up BrightKnight, which operates in the automation of robotic processes.
- Ugandan Orphanage able to Sustain Itself through Cryptocurrency Donations from Listeners of National Radio Show - March 26, 2019
- Blockchain-based Entertainment Platform ‘Blue Baikal’ opens Pre-Registration Event Connecting Producers, Influencers and Consumers - March 26, 2019
- French Crypto-Friendly Pacte Law Passes Second Reading in National Assembly, Senate Next - March 25, 2019
- Bamboo Capital Partners, Government of Togo and Moeda Seeds Bank Join to Launch the Bloc fund to Consolidate Social Development - March 25, 2019
- Western Union Joins Stellar Partner Thunes to Use Blockchain to Speed Up Transfers - March 25, 2019
- Dragonchain Announces Partnership with Humanitarian Organization M2030, Facilitating Donation Processes with Blockchain to Fight Malaria - March 21, 2019
- PUBLIQ Named Finalist by UK Parliamentary Group for Blockchain Application in Media Category - March 20, 2019
- FashionTV Leaps into the World of Blockchain by Partnering up with Decentralized E-commerce Platform WAAM - March 20, 2019
- Kudelski Security Announces Partnership with Hosho To Secure Blockchain Ecosystems - March 19, 2019
- Blockchain Goes Hollywood is Expected to Attract Blockchain and Crypto Experts, Investors and Celebrities to Epic multi-day Event - March 19, 2019
- Blockmason and Bitsonic Announce Token Generation Event for BLINK, Link’s Utility Token - March 15, 2019
- DX Exchange and Perlin Network Bring Tokenized Apple and Facebook Stocks to Empower a vast new Population of Retail Investors on the Blockchain - March 15, 2019
- Forte And Xpring create $100 Million Fund To stimulate Mainstream Use Of Blockchain In Games - March 13, 2019
- Private Jet Instant Booking Platform Announces Security Token Offering (STO) - March 12, 2019
- Samsung SDS is announcing its plans to innovate in various fields with Blockchain and Intelligent Process Automation - March 12, 2019
- The Fourth Global ICO / STO Report tells us ICOs are Growing Less, but Growing Up - March 11, 2019
- Zilliqa joins Student Organisation at King’s College London to Launch Blockchain A-Z Workshops - March 9, 2019
- Alfa-Bank and the Marco Polo Network join to Optimize Trade Finance with Blockchain technology - March 7, 2019
- Insolar Launches Testnet 1.1 making it the most Scalable Enterprise Blockchain Platform - March 6, 2019
- New Decentralized Social Network Platform Creary rewards Creatives and curators for sharing Digital Art - March 6, 2019