One of the main challenges to distribute basic income is to make sure that only unique real humans receive it. You don’t want any fake identities corrupting the system. There are several solutions around. The most promising at the moment are blockchain-based.
GoodDollar: Empowering Global Financial Inclusion
GoodDollar leverages decentralized finance (DeFi) to provide a universal basic income (UBI) solution. All you need is a smartphone with internet connection. First you need to prove that you are a real unique person. Once you have done that you can claim G$ tokens on a daily basis in the mobile app.
While the current value of G$ is still very low, the team is actively working to increase its worth and impact.
Circles: Decentralized UBI Ecosystem
Circles aims to create a native blockchain UBI system with innovative features:
- Personal cryptocurrencies for each user, minted regularly as UBI7
- Built-in Sybil attack resistance to prevent fake accounts8
- Trust-based social graph for currency exchange6
Circles is currently undergoing restructuring for version 2, but users can already start collecting Circles tokens on their phones.