Loconomy is a research and development project of the Rizoma Foundation. It is a technology platform that will allow for the easy selling of local, sustainable, and just products and services to customers looking to buy in accordance with their values.
Loconomy seeks to:
- localize supply chains
- build community
- create jobs
- promote sustainable solutions.
The goal of Loconomy is to build a localized, decentralized network between producers and consumers that promotes human-to-human connection and helps us to usher in an era of sustainability and resilient local communities.
Localize supply chains
Loconomy seeks to not only accelerate the connection between local producers and consumers, it seeks to make buying and selling local, sustainable products as easy as possible, by providing a streamlined ecommerce platform. This will attract buyers and sellers who do not want the hassle of direct sales, which currently involves multiple steps to locate one another and myriad different platforms for completing sales. The goal is to capture not only the market currently using buy local social media groups, but to make buying this way so easy that more people choose to purchase this way. The goal is to fortify localized goods and services in advance of another crisis that will challenge the structure of globalized markets.
The proposed platform seeks to make ethical consumption easy through crowdsourced vetting, but it also has the explicit goal of building actual communities through sustainable consumption. The goal is for consumers and producers to co-create, through the marketplace, all the goods and services a community would need locally. The goal of the platform is to help potential producers see the marketplace for their goods or services in their local area, making entry into sustainable business easier. The goal is to connect real people who can work together to solve real problems the arise from re-making local economies: from sharing seeds to backyard chicken tips to where to source regeneratively produced leather or where to find natural dyes for art. This technology is simply a tool to develop decentralized resilient communities who both produce and consume ethically and support each other through ongoing relationships in the process.
The goal of this technology is to lower the barrier to entry for those looking for a new economic livelihood in the face of economic contraction and austerity. The platform will make it possible to assess the marketplace and experiment with different ways of making a living in the local economy. With this platform, it will be easy to see what kind of income you can generate from your garden or workshop or services you can provide. The platform incentives sustainable production, so it will make pursuing high-quality practices lucrative. From new, small-scale home producers to local Loconomy ambassadors, to those offering local transport of goods, we envision an entire new economic ecosystem that pays living wages and produces quality material goods necessary for local resilience.