Creating a Digital Currency | University Project
Design a set of interactive Interfaces for a future digital currency. Incorporate elements of exchange. Value, and trust.
Produced during my second year of University, this project aimed at creating a varied series of interactive interfaces that worked across multiple devices. Furthermore, aiming to be as speculative and experimental as possible, with creating a future currency in mind. Considering who will be using the currency, what they will be buying, how funds with be transferred, where the transactions take place, and why the design is appropriate to its given context.
From this, we looked into the history of currency, like battering which then lead to fiat-based currency, up to Cryptocurrency.
Ideation — Service Coin
Service-based currency in aid of management of supplies and resources and maximise capacity and utilization across combined assets as a whole. The currency would act as a ledger allowing resource or capacity to be loaned between cooperating organizations, generating credits that can then be used to “borrow” back either the same or alternative resource/asset.
The currency would not be held by an individual, rather it would be held by a Company with values set against their resources or assets that are suitable to be shared. (Corporate Value Currency).
Service Coin is a system designed to regulate inventory of companies to maintain a constant use of products and supplies when there is a spare surplus. Its focus is primarily the management of inventory, so the standard currency for paying staffing and other specific cases will still run on traditional systems. Further, it can only be used between companies offering the same “services”, to avoid complications in specialist equipment that another company might need.
By allotting out your spare surplus of goods/equipment for an agreed upon amount time, in exchange for ‘Service Coin’ credit — (the amount based upon the amount in circulation and need for it) Service Coin can then be used to purchase more of the supplies in the rotation for their own needs.
I went about creating a variety of sketches for the different interfaces and components that would make up the system of how my currency would be used. Which then lead to the creation of some initial prototypes of the UI.
This would include the registration page. How companies would register and gain access to the service.
Request page, how companies would search and access the list of available specialist equipment to request from other companies.
Project Interfaces
I mocked up various wireframes for the login page, onboarding and main interface page. Registration involved, the company signing up and providing various details such as digital certificates, office and director address.
Takeaway and Reflection
As one of my earlier projects this really helped me understand, and think about how to not only create a system — but also how they would play and interact with each other and how a user would get to A to B and use and interact with this digital currency system.
Although the end result wasn’t entirely the most polished and considered wireframes there was a lot of thought and considerations I took in during the development and interaction of the project.
Thank you!
For any further questions or insights into the project feel free to drop a comment or message me on LinkedIn. Alternatively, if you’d like to see any further work by me be sure to look at my Portfolio Website.
