Welcome to an emerging community of practice & work in progress.

- the World Heritage Exchange Trading Systems

WHETS

- for what money can't buy

 - Empowered and resilient communities -

- Co-created solutions to complex challenges -

- Participatory governance -

- Sustainable consumption and production -

- Responsible tourism and incentivised visitors -

WHETS values

Asset
 & inclusivity
We are all assets, with something to give or share. There shall be room and opportunities for everyone to support the ideals set out through the World Heritage Convention and in efforts building community.

Redefining work
Efforts that build community, raise healthy children, revitalize neighborhoods, sustain traditions, makes democracy work, advances social justice and makes the planet sustainable is valuable work. It needs to be honored and rewarded.

Reciprocity
Capacity is built through collaboration and reciprocity. Instead of “How can I help you?” ask “How can we help each other build the world we all will live in?”

Social networks
Joined in shared purpose we are stronger than individuals. Helping each other, we reweave communities of support, strength & trust.

Respect
Every human being matters. Respect underlies freedom of speech, freedom of religion, and everything we value. Respect supplies the heart and soul of democracy. We must respect where people are in the moment, not where we hope they will be at some future point.

Adapted from https://timebanks.org/more-about-timebanking

Mutual credit systems

WHETS is builds from an emerging portfolio of technologies supporting exchange, trade and collaboration among World Heritage stakeholders and stewards

Mutual credit

Mutual credit is a means of trading, of exchange, that doesn’t require conventional money, doesn’t incur interest and doesn’t involve banks. It’s based on networks of businesses, traders and individuals who get to know and trust each other in a geographical area or business sector. (Source: Low Impact)

Capacity vouchers

Capacity vouchers can be used to build business-to-consumer systems that allow consumers to invest spare cash in local retailers in return for a discount voucher that represents a claim on the business' spare capacity. The network wide discount is fixed to the smallest profit margin of any participating retailer (mitigating their risk), whilst additional discretionary discounts can be offered by individual business at the point-of-sale. The consumer can use the voucher at any member across the network. Vouchers are cleared between businesses using a shared ledger, with issuance and acceptance limits mutually agreed on the basis of spare capacity.

Timebanking

Timebanking is a form of mutual credit applying time as a unit of exchange. It is the hope and intention of World Heritage Catalysis to in the future offer timebanking to its community members. A small pilot is already being implemented by the opportunity to earn and spend ₩ (time credits) on the platform. You can read more about our work in progress here.

Approach 

WHETS supplements the Visitor Management Assessment & Strategy Tool (VMAST) by supporting collaborative implementation of strategic objectives. 

WHETS is an integral part of the transformative visitor management methodology set out through World Heritage Catalysis, and we specifically invite site management authorities applying the VMAST to consider how exchange trading systems can support collaborative implementation of strategic objectives. This provides a simplified outline of our approach:

1. A team presents us with their (VMAST generated) strategic objectives. WHETS collaborators considers what they have in their toolbox that may support strategy implementation through exchange and trade between the relevant stakeholders.

An initial meeting is organised between the team/destination/site management authorities and WHETS collaborators. 

2. Appropriate system(s), developers and service providers are identified. A proposal is formulated and presented a broad set of local stakeholders.

3. The proposal is accepted and funding is secured.

4. A pilot project is organised and the initiative is refined.

5. The systems is fully implemented. 

6. The system could, if so desired, made interoperable with other systems (for mutual credit stems through the Credit Commons Protocol).

More on visitor management
More on theory of change

Collaborators

About

Mutual Credit Services is a burgeoning social franchise dedicated to building a global Credit Commons by delivering the credit creation and accounting mechanisms used by the corporate and financial sectors to small businesses and communities. Access to decentralised credit systems promotes resilience, autonomy, and adaptive capacity. Groups can establish their own governance structures and then voluntarily federate, supporting trade using globally-acceptable credit that remains grounded in local trust relations.

Our work is therefore to build a bridge to an economy underpinned by collaborative finance – where the tools for exchange and investment are controlled by and for value producers in the real economy. Our social franchise business model is designed to enable us to provide the necessary support services to each group as determined by their context.