We build a new financial product (CodeNote Money) that helps to significantly address complex global problems - financial exclusion, unemployment, inequality, inadequate housing, scarcity of money, and high cost of finance. To accomplish the above, we connect financial services providers (banks, insurance, mortgage firms, pension funds etc) to specialist businesses that manage and market houses connected to layers of governments all connected to special purpose marketplaces on the Internet. The connections help to generate universal unique identifier or electronic address for each house in the network. The identifier is applied to control the construction of house currency - a type of CodeNote Money (a revolutionary complementary currency). House currency type 1 (commodity currency) is applied to share and trade the temporal ownership of houses at the specialist marketplaces on the cyberspace. At the same time, the house currency type 2 (credit currency) is applied to serve as colla...
We build a new financial product (CodeNote Money) that helps to significantly address complex global problems - financial exclusion, unemployment, inequality, inadequate housing, scarcity of money, and high cost of finance. To accomplish the above, we connect financial services providers (banks, insurance, mortgage firms, pension funds etc) to specialist businesses that manage and market houses connected to layers of governments all connected to special purpose marketplaces on the Internet. The connections help to generate universal unique identifier or electronic address for each house in the network. The identifier is applied to control the construction of house currency - a type of CodeNote Money (a revolutionary complementary currency). House currency type 1 (commodity currency) is applied to share and trade the temporal ownership of houses at the specialist marketplaces on the cyberspace. At the same time, the house currency type 2 (credit currency) is applied to serve as collateral for use of labour or land in other sectors of the economy such as agriculture. Essentially, the marketplace attracts international impact investors who connect and collaborate to share and trade the risks and rewards of ownership of houses at the dedicated online marketplaces. The site www.InternetHouseTrader.com is a pioneer marketplace under development. As more investors or traders invest and trade ownership of real estate assets online, it becomes possible to prepare future owners. This is achieved by providing jobs to previously unemployed young people who are paid with both conventional and complementary currencies. The complementary currency in the form of credit currency acts as a saving towards the future ownership of the houses. Thus, gradually the workers build assets enabling the rich to exit more profitably. The above steps can be applied in most countries of the world especially those in emerging economies.
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