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'Hacked Banknote' by Stefanos, 2015

A series of regrettable monetary events.

Regret can be useful, it can help us avoid the same mistakes and remind us to take advantage of future opportunities. Most people, at some point, have looked back on a decision and thought ‘I wish I’d done that differently,’ briefly imagining the alternative. One subject more likely to instigate the feeling of regret than any other is money. People regret spending it, owning it, doing nothing with it or not having it. However, regrets instigated by money are not just on an individual level; they can also be historical.

This year the FOM award invites artists and designers to imagine a counterfactual scenario from the history of money that reimagines how money could have developed if things had gone differently.

What if Aristotle had died before writing his observations of the ancient Greek currency system, would Plato’s money free utopias have become more influential? How might electronic payments evolved, if western union had not successfully created a monopoly surrounding the telegraph? Or in the context of tracked electronic payments, would it have been better if the cash like digital wallets from the 90’s like Mondex or Visa cash, became the standard? Or what if the financial crash of 2008 never happened, what would have become of Bitcoin and the blockchain?

 

Submissions

The competition will run in two phases.

FIRST PHASE – Initial Idea

Please submit an overview of your initial concept. Preferred format = PDF. Maximum 3 pages communicating the concept and examples of previous work (website or PDF). 

Deadline for submission 1st March 2017

Send entries to art@chyp.com

 

SECOND PHASE – Project Development

Shortlisted entrants will receive £500 each to develop their idea and produce a short video. The videos and concepts will be presented at Consult Hyperion’s ‘Tomorrows Transactions forum,’ which takes place on the 26th – 27th April 2017.

 

PRIZES

The top three entrants will have the opportunity to present their concepts at the Tomorrows Transaction forum to an audience of financial experts and industry leaders.

Shortlisted projects

£500 each for project development.

Winners

1st prize – £750

Winners and shortlisted entries will also be uploaded to the Future of Money archive.