Future of Money
The theme of this project is "the future of money" - understanding how payment systems are changing and the impact this will have on mobile devices and server systems. We have a "dream" of a world where there is no payment systems - everything is done automatically in the background with individual consent and no cumbersome security systems. For example, to buy something from a store you might just walk out with the item. Or after a meal in a restaurant one could just leave and have the amount automatically deduced. Of course these concepts are impossible in some ways - but as ideals they produce a host of interesting technical and social problems to be thought through. The first year of the project has been focused on surveying existing work and creating a discussion form at Mobile life around the topic - we are hosting workshop with speakers from University of Edinburgh, Yahoo Research and the University of Brunel. We are also running a workshop at the CHI conference this year titled “#Chimoney”.
To take the project forward in the next year we plan for more direct research. We will explore two arms to the project. The first will be an empirical examination of current payment practices using video recorded with wearable cameras. The second will be to build a prototype payment system for small payments. The focus of the project in its second year is to move from a project around vision to actual studying and building.