TEAM: Daniela Navaes | Jing Zhao | Jordy Tam | Nathassha di Pasquale
On the first week of Micro UX we dedicated ourselves to fully understand the brief, since it is a broad and abstract one. The representatives from Made by Many came in on Tuesday to present themselves and the company. Their expectations from us are that our process is human centric all throughout, and that our final design is feasible within the technologies we have available now, ideally also having a commercial edge. As a group guideline, we added the requirement that the project also has an evidenced impact.
Another key takeaway from them is the methodology MAKE > TEST > LEARN, which we will be applying throughout our whole journey.
So then we came together and read the brief to break it down. From it, we understood that there are three key concepts to work with: ownership, system of values and system of exchange.
That lead us to the following guiding questions, as a guide to how to research these topics:
- What constitutes a financial transaction?
- What defines a system of value?
- How do you create value?
- What is ownership?
- What is money?
- What is the history of money/cash/currency?
- What are crypto-currencies, high-frequency trading, just-in-time principles to finance?
For that I read some chapters of “The History of Money” (Weatherford, 1997) and “Seventeen Contradictions and the End of Capitalism” (Harvey, 2014).
So then we did some literature review to answer these questions, and so far our key learnings from this process are the following:
- Value ≠ values
- Value can be objective and subjective
- Ownership -> Access
- External factor affecting value
Alongside with that, we also brainstormed ideas of what activities we should do next week for the first part of the field research. We agreed on elaborating a co-design workshop, but will deliberate more on that after the feedback on the presentation on Monday.
Bibliography
Den Ouden, E. (2011). Innovation design: Creating value for people, organizations and society. Springer Science & Business Media.
Donovan, K., 2012. Mobile money for financial inclusion. Information and Communications for Development, 61(1), pp.61-73.
Harvey, D. (2014). Seventeen Contradictions and the End of Capitalism. New York: Oxford University Press.
Rifkin, J. (2001). The age of access: The new culture of hypercapitalism. Penguin.
Shehu, A.Y., 2004. The Asian alternative remittance systems and money laundering. Journal of Money Laundering Control, 7(2), pp.175-185.
Vieira Cardoso, A. (2015). Art, finance and the perception of value. [online] Market For Immaterial Value. Available at: http://www.marketforimmaterialvalue.com/discussion-1/ [Accessed 27 Apr. 2019].
Weatherford, J. (1997). The History of Money. New York: Crown Publishers, Inc.
Boritzer, E. and West, J. (n.d.). What is money?.
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