Waba Network is a blockchain based platform that supports community-driven economic hubs. More specifically, it “hosts, interconnects and scales up a wide variety of self-governed complementary economic systems,” or hubs.
The Waba team points to the fourth industrial revolution as an inspiration for the project so communities connected by a common goal can exist in a “sovereign” and “autonomous” way, both economically and politically, paramount to which involves “shaping their own money.” Waba matches needs with resources and attaches the ability to monetize activties that are overlooked by traditional systems.
Communities launch their own token and governing system, giving them the ability to “govern their own economic systems without having to adapt to mainstream financial structures,” according to Waba Co-CEO Marina Solanas. Communities access the Waba.network creation platform, where there’s a dashboard or “creation wizard” tool to help them navigate the economic hubs including “templates for monetary, market and governing models.” The platform is open source, so communities can develop their own features, which will generate a reward in the WNT coin.
The Waba.network boasts features like hubs and zones, the former of which reflect community-fueled economic systems and the latter of which is defined by its overarching goal, which might surround employment, renewable energy, the environment, etc. Each zone boasts its own token, issued by the community via EOS-based smart contracts, and governing system but can coexist with other zones on the network. Each zone’s governing system is tailored to the hub and includes features like an online marketplace and mobile wallet.
Communities with a common objective.