Are digital wallets for orangutans and a ‘Bank for Other Species’ harebrained fantasies, or genius ways to boost conservation funding?
Only about 120,000 orangutans remain in the wild, and despite the whopping $1bn that has been spent on protecting them since 2000, their numbers continue to decline. The orangutan is the most endangered great ape, but the picture is only marginally less grim for the others – except us, of course – and the trend is the same across the living world: we’re witnessing a sixth mass extinction. Given that current conservation efforts aren’t working fast enough, many feel it is time for some out-of-the-box thinking. It doesn’t come much further out than giving other species their own money, but that proposal is now on the table. The first to benefit might be our intelligent, red-haired cousins.
“Interspecies money” is the brainchild of British futurist Jonathan Ledgard, who has built a reputation for throwing out imaginative, left-field solutions to the planet’s existential threats. He started with a few key observations. First, biodiversity tends to be high where people are poor. Second, technological advances such as drones, smartphones, genomics and data storage have made it easier and cheaper to track wildlife. And third, new software tools including cryptocurrencies, blockchain and artificial intelligence make it possible to create digital avatars with agency – including spending power – in the real world. If we can do that for humans, he thought, why can’t we do it for nonhumans, allowing them to trade with us for the things that matter to each?
Continue reading...