In 2017, SeaNaps created its own model of payment, based on fair trade and social economy principles. It relies on the rising technology called “Blockchain”, which was originally designed in order to support the crypted currency Bitcoin and now offers lots of possibilities, among other things in terms of:
– Transparency of payments
– Distribution of risks and trust
– Protection and certification of Identity and intellectual property
– Creation of intelligent contracts for wealth re-partition among different contributors to a same project
In 2018, we use it again, the following way:
– Each artist/group had a fixed minimum payment agreed and secured, in euro and independently from the success of the festival.
– All payments made during the time of the festival are being transited through the blockchain thanks to our payment app. You can also pay “contact-less” thanks to RFID bracelets given at the entrance of each venues. You can load those bracelets with a digital transitory currency, called the “Lip”.
– Those payments concern the selling of gastronomy (food and drinks), and the selling of tickets (on spot at IFZ, S•P•L•N•K• and •T•P•.).
– For all these transactions, and before the festival, we established an official distribution key taking in account all partners involved in the production of the event (the festival, the gastronomy and products suppliers, the diverse service providers and, of course, the artists and groups performing).
Below, SeaNaps 2017’s drinks redistribution rules, depending on the location and the day of their consumption:
– This distribution key, associated to a mechanism-code executing it automatically every time it is required, is similar to what we call a “smart-contract”. Every time a drink or a slice of food is being sold, the money used to pay is automatically split (in the proportions decided before) to go in direction of the “wallets”, collecting their due share on this sum.
Each product bought in the festival’s hence virtually contained a “digital hat” for the artists (like those which usually get passed in cafés and bars after a concert, as a gesture of goodwill from the audience), but also for all contributors of the festival.
The whole process of establishment of the distribution key and its transparent execution will be documented and followed as an economical, political and sociological experiment, which aims at finding new ways to enhance the artists’ influence and importance in the economy of a cultural event, and on the local economy hosting it.
All those redistribution keys will be visible and consultable at the various physical selling points or on the festival’s website. It is also possible to follow, live, the evolutions of each account in absolute terms and not only in percentages on the downloadable mobile app.