The Hull, an English port city in east Yorkshire, uses an blockchain technology application. The HullCoins are digital and people can take them by “good works”, rather than bought or sold with hard cash. A description of the work done is permanently attached to the “coin”. With this technology volunteers and community workers would be able to obtain discounts at local retailers and even reductions in their council tax.
People receiving HullCoins have discounts between 10 and 50 per cent from local companies. This concept attracts customers and simultaneously increases social responsibility. People can earn coins by helping children to read, running youth clubs and arranging activities for pensioners. In addition, they can be obtained by giving up smoking count, because they reduce the burden on the medical sphere. Then the coins are given out as QR codes on mobile phones.
To release HullCoin will be able to community groups, charities, schools, public health bodies, jobcentres and prisons. HullCoins retain their value indefinitely. They can be passed between people and reused. HullCoins cannot be used for cigarettes or alcohol.
Now HullCoin is in the beta testing stage and has 800 volunteer users, 73 issuing organizations and 140 retailers offering discounts. The plan is to launch the currency in January 2018.