Toba Unit of Account

The Toba unit of account is a new economic strategy to develop sustainable research programs in many fields of science, technology or even intangible heritage.  Currently, Education and R&D require a huge amount of money (Public or Private). However, nowadays, information and knowledge are available everywhere, 24/7, especially with a computer connected to the internet. In “cyberspace”, it is very easy to find a rare book in a library 12, 000 km away, a scholarly article or an online course etc. I believe a good researcher must not only publish, but theirs ideas, concepts and work must have a strong impact on others. 

In the total absence of capital and fiduciary resources, the only economic links in society are creativity, solidarity and security. An ad hoc currency aims to organize economic activity Ex nihilo in an orthodox manner by means of a tool for exchange and hoarding secured by a fiduciary capital. The wealth of human society is above all cognitive. All of the world’s material resources are nothing if we are not capable of using them appropriately. In the past, Mongolian or Arab invasions have shown that it is possible to conquer the world with derisory means, whereas paradoxically, despite the extraordinary fleet of Admiral Zheng He in the 15th century, China failed to preserve its international standing. Within an economic framework, it is therefore important to cultivate creativity and innovation. The word “Toba” comes from the Indonesian “supervolcano” which erupted 74,000 years ago. On Earth, we all descend from the human beings who survived this event. 

The Toba unit of account is used within the framework of mitigative entrepreneurship and aims to protect the intangible heritage of Mankind by providing a tool for exchange and expertise to build relationships between those who have knowledge and those who have know-how, for a sustainable economy of Research & Development, to help them create new wealth. 

How it works

• 1 Toba = 1 hour of assistance towards socio-professional autonomy and must also be backed by any real asset or cash.
• A Toba is created from any real asset, but has a hourly basis, because Time is the key word in Education or R&D.
• This unit of account is used to keep alive useful knowledge which could disappear…