What if we started tracing how money moves around in our economy, in an open and transparent way?

Hypothetically, Practically (see below(!)), I can start voluntarily taint money that goes through me. Publicize how much money I got from who, and to who do I give it. An extreme way of “voting” with every economic transaction I make. What if organizations started to do this in a standardized way?

Could this make some money worth more than other money?

Could this make our economy more “compassionate”, as Daniel Goleman would put it?

Technically, we can very easily start doing some things in this direction. Open a free account, and start logging our transactions over the net.

Decide that the money I got from here, is going in this direction – and see how it goes (or get stuck) from there on…

A proper meta-data would allow us to ask some interesting questions.

Was a shady business involved in the sources I got this money from?

How is my donation being used?

Did the government just “taint” 1 trillion USD last month??

“I only accept money from vegetarians…”

Stuff like that 🙂

Sounds easy to implement, and could be tons of fun, don’t you think?

Disclaimer:

<Transaction>

<id>1</id>

<source>http://www.semantinet.com</source>

<target>https://www.eburcat.com</target>

<amount>12</amount>

<date>March 31st, 2009</date>

<unit>USD</unit>

<comment>Salary</comment>

</transaction>

<transaction>

<id>2</id>

<source>https://www.eburcat.com</source>

<target>http://www.istockphoto.com</target>

<amount>1</amount>

<date>April 16th, 2009</date>

<unit>USD</unit>

<comment>That photo you see up there :)</comment>

</transaction>

Update: a more appropriate representations…

<Transaction>

<id>3</id>

<source>https://www.eburcat.com</source>

<target>http://www.gov.il</target>

<amount>1</amount>

<date>March 31st, 2009</date>

<unit>USD</unit>

<comment>Income tax…</comment>

</transaction>