crco:credit_commons

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crco:credit_commons [2025/12/17 04:30] – external edit 127.0.0.1crco:credit_commons [2026/03/13 10:05] (current) – external edit 127.0.0.1
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 ### Credit Commons Protocol ### Credit Commons Protocol
  
-_Matthew Slater and Tim Jenkin introduced the Credit Commons Protocol via a [White Paper](https://creditcommons.net/assets/credit-commons.pdf) in 2016._ It's a set of standards and rules that govern how transactions are recorded and managed within a network. It utilises digital ledgers, similar to blockchain, to ensure transparency, security, and accountability. However, it differs from blockchain in emphasising mutual credit rather than cryptocurrencies.+_Matthew Slater and Tim Jenkin introduced the Credit Commons Protocol via a [White Paper](https://creditcommons.org/assets/credit-commons.pdf) in 2016._ It's a set of standards and rules that govern how transactions are recorded and managed within a network. It utilises digital ledgers, similar to blockchain, to ensure transparency, security, and accountability. However, it differs from blockchain in emphasising mutual credit rather than cryptocurrencies.
  
 A protocol is a bit like the rules of chess. To exchange with each other, we have to agree about how we keep score, otherwise there'll be free-riding, disagreements etc. With chess, if someone has a different idea about what chess is, you're not going to be able to play with them. A protocol is a bit like the rules of chess. To exchange with each other, we have to agree about how we keep score, otherwise there'll be free-riding, disagreements etc. With chess, if someone has a different idea about what chess is, you're not going to be able to play with them.
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-_Elinor Ostrom, in _[Governing the Commons](http://lowimpactorg.onyx-sites.io/wp-content/uploads/ostrom_1990.pdf)_, suggested that to grow, commons should be 'organized in multiple layers of nested enterprises', which is exactly what the credit commons does._+_Elinor Ostrom, in_ [Governing the Commons](http://lowimpactorg.onyx-sites.io/wp-content/uploads/ostrom_1990.pdf), _suggested that to grow, commons should be 'organized in multiple layers of nested enterprises', which is exactly what the credit commons does._
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 _A ‘commons economy app’ will be developed with 3 accounts – a wallet for shopping, using discounted vouchers bought with cash; a mutual credit account for trading – i.e. where you do your business; and a future use vouchers account, for savings / pension, where vouchers for essentials can be aggregated. The three accounts are connected, and eventually, all transactions can be via mutual credit rather than bank money._ _A ‘commons economy app’ will be developed with 3 accounts – a wallet for shopping, using discounted vouchers bought with cash; a mutual credit account for trading – i.e. where you do your business; and a future use vouchers account, for savings / pension, where vouchers for essentials can be aggregated. The three accounts are connected, and eventually, all transactions can be via mutual credit rather than bank money._
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 ### Credit commons and the commons economy ### Credit commons and the commons economy
  
-Tom Woodroof of [MCS](https://www.mutualcredit.services/) and [Local Loop Merseyside](https://localloop-merseyside.co.uk/) explained how various aspects of the commons economy can be connected via the CC Protocol: “_the vision is that you’ll have a wallet app on your phone. If you’re a business, you can add your invoices so that you can do credit clearing. You’re also part of a mutual credit network within that larger clearing network, so you have a mutual credit balance. In other parts of your life, you’re a consumer, so you have a balance showing how many local retail vouchers you have, and then you also have a balance that shows your rent credit obligations as a tenant of the local housing commons or your energy vouchers in the local energy commons. This will be one app with different modules/accounts, all interoperable_".+Tom Woodroof of [MCS](https://www.mutualcredit.services/) and [Local Loop Merseyside](https://localloop-merseyside.co.uk/) explained how various aspects of the commons economy can be connected via the CC Protocol:  
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 +> “the vision is that you’ll have a wallet app on your phone. If you’re a business, you can add your invoices so that you can do credit clearing. You’re also part of a mutual credit network within that larger clearing network, so you have a mutual credit balance. In other parts of your life, you’re a consumer, so you have a balance showing how many local retail vouchers you have, and then you also have a balance that shows your rent credit obligations as a tenant of the local housing commons or your energy vouchers in the local energy commons. This will be one app with different modules/accounts, all interoperable". 
  
 ### Credit Commons Society ### Credit Commons Society
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-_Matthew Slater and Tim Jenkin introduced the Credit Commons Protocol via a [White Paper](https://creditcommons.net/assets/credit-commons.pdf) in 2016._+_Matthew Slater and Tim Jenkin introduced the Credit Commons Protocol via a [White Paper](https://creditcommons.org/assets/credit-commons.pdf) in 2016._
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 ## Further resources ## Further resources
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 - Tom Greco, _[the End of Money and the Future of Civilisation](https://beyondmoney.net/welcome-to-the-new-2024-edition-of-the-end-of-money-and-the-future-of-civilization/)_ - Tom Greco, _[the End of Money and the Future of Civilisation](https://beyondmoney.net/welcome-to-the-new-2024-edition-of-the-end-of-money-and-the-future-of-civilization/)_
  
-- [Credit Commons Protocol](https://creditcommons.net/)+- [Credit Commons Protocol](https://creditcommons.org/)
  
 - [Credit Commons Society](http://lowimpactorg.onyx-sites.io/posts/introducing-the-credit-commons-society/) - [Credit Commons Society](http://lowimpactorg.onyx-sites.io/posts/introducing-the-credit-commons-society/)
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 +## Related topics
 +
 +- [Mutual credit](mucr:mutual_credit)
 +- [Commoning](comg:commoning)
 +- [Commons economy](coec:commons_economy)
 +- [Use-credit obligations](ucos:use-credit_obligations)
 +- [Low-impact money](limo:money)
 +- [ROSCAs - rotating savings & credit associations](rosc:roscas)
 +- [Housing commons](hoco:housing_commons)
 +- [Credit clearing](crcl:credit_clearing)
  
  
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