The Future of Money as a Design Material

Chris Speed; Jonthan Rankin; Chris Elsden; John Vines

doi:10.21606/drs.2022.785

The Future of Money as a Design Material

Chris Speed^*, Jonthan Rankin, Chris Elsden, John Vines

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract / Description of output

For many years the primary representation of value has been money. However complex we perceive its material, social and symbolic characteristics, money is now undergoing significant change as it becomes data. This paper explores the implications for design as a series of technological and regulatory shifts are taking place that are changing the representation of money into data. The paper anticipates that it won’t be long before personal bank accounts will be better understood to be personal data stores, and monies held within them are connected to data-driven systems to ‘pay’ for services that we require. By charting the changes that are taking place, and introducing a series of design case studies that make tangible the design opportunities, the paper suggests an emerging design space in which designers should anticipate new forms of money as an entirely new design material.

Original language	English
Title of host publication	Proceedings of DRS 2022 - The 2022 Design Research Society Conference
Editors	Dan Lockton, Sara Lenzi, Paul Hekkert, Arlene Oak, Juan Sádaba
Place of Publication	London
Publisher	Design Research Society
Number of pages	14
ISBN (Electronic)	978-1-91229-457-2
DOIs	https://doi.org/10.21606/drs.2022.785
Publication status	Published - 25 Jun 2022
Event	Design Research Society 2022 - Bilbao, Spain Duration: 25 Jun 2022 → 3 Jul 2022 https://www.drs2022.org/

Publication series

Name	Proceedings of DRS 2022 International Conference
Publisher	Design Research Society
ISSN (Electronic)	2398-3132

Conference

Conference	Design Research Society 2022
Abbreviated title	DRS 2022
Country/Territory	Spain
City	Bilbao
Period	25/06/22 → 3/07/22
Internet address	https://www.drs2022.org/

Keywords / Materials (for Non-textual outputs)

money
value
data
design

Access to Document

10.21606/drs.2022.785Licence: Creative Commons: Attribution Non-Commercial (CC-BY-NC)

The Future of Money_SPEED_DOA28022022_AFV_CC-BY-NCAccepted author manuscript, 4.34 MBLicence: Creative Commons: Attribution Non-Commercial (CC-BY-NC)
The Future of Money_SPEED_DOA28022022_VOR_CC-BY-NCFinal published version, 2.99 MBLicence: Creative Commons: Attribution Non-Commercial (CC-BY-NC)

https://dl.designresearchsociety.org/drs-conference-papers/drs2022/researchpapers/299/Licence: Creative Commons: Attribution Non-Commercial (CC-BY-NC)

Cite this

@inproceedings{912efff1b32744b1bf2675e227f4aac2,

title = "The Future of Money as a Design Material",

abstract = "For many years the primary representation of value has been money. However complex we perceive its material, social and symbolic characteristics, money is now undergoing significant change as it becomes data. This paper explores the implications for design as a series of technological and regulatory shifts are taking place that are changing the representation of money into data. The paper anticipates that it won{\textquoteright}t be long before personal bank accounts will be better understood to be personal data stores, and monies held within them are connected to data-driven systems to {\textquoteleft}pay{\textquoteright} for services that we require. By charting the changes that are taking place, and introducing a series of design case studies that make tangible the design opportunities, the paper suggests an emerging design space in which designers should anticipate new forms of money as an entirely new design material.",

keywords = "money, value, data, design",

author = "Chris Speed and Jonthan Rankin and Chris Elsden and John Vines",

year = "2022",

month = jun,

day = "25",

doi = "10.21606/drs.2022.785",

language = "English",

series = "Proceedings of DRS 2022 International Conference",

publisher = "Design Research Society",

editor = "Dan Lockton and Sara Lenzi and Paul Hekkert and Arlene Oak and Juan S{\'a}daba",

booktitle = "Proceedings of DRS 2022 - The 2022 Design Research Society Conference",

note = "Design Research Society 2022, DRS 2022 ; Conference date: 25-06-2022 Through 03-07-2022",

url = "https://www.drs2022.org/",

}

Speed, C, Rankin, J, Elsden, C & Vines, J 2022, The Future of Money as a Design Material. in D Lockton, S Lenzi, P Hekkert, A Oak & J Sádaba (eds), Proceedings of DRS 2022 - The 2022 Design Research Society Conference. Proceedings of DRS 2022 International Conference, Design Research Society, London, Design Research Society 2022, Bilbao, Spain, 25/06/22. https://doi.org/10.21606/drs.2022.785

The Future of Money as a Design Material. / Speed, Chris; Rankin, Jonthan; Elsden, Chris et al.
Proceedings of DRS 2022 - The 2022 Design Research Society Conference. ed. / Dan Lockton; Sara Lenzi; Paul Hekkert; Arlene Oak; Juan Sádaba. London: Design Research Society, 2022. (Proceedings of DRS 2022 International Conference).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

TY - GEN

T1 - The Future of Money as a Design Material

AU - Speed, Chris

AU - Rankin, Jonthan

AU - Elsden, Chris

AU - Vines, John

PY - 2022/6/25

Y1 - 2022/6/25

N2 - For many years the primary representation of value has been money. However complex we perceive its material, social and symbolic characteristics, money is now undergoing significant change as it becomes data. This paper explores the implications for design as a series of technological and regulatory shifts are taking place that are changing the representation of money into data. The paper anticipates that it won’t be long before personal bank accounts will be better understood to be personal data stores, and monies held within them are connected to data-driven systems to ‘pay’ for services that we require. By charting the changes that are taking place, and introducing a series of design case studies that make tangible the design opportunities, the paper suggests an emerging design space in which designers should anticipate new forms of money as an entirely new design material.

AB - For many years the primary representation of value has been money. However complex we perceive its material, social and symbolic characteristics, money is now undergoing significant change as it becomes data. This paper explores the implications for design as a series of technological and regulatory shifts are taking place that are changing the representation of money into data. The paper anticipates that it won’t be long before personal bank accounts will be better understood to be personal data stores, and monies held within them are connected to data-driven systems to ‘pay’ for services that we require. By charting the changes that are taking place, and introducing a series of design case studies that make tangible the design opportunities, the paper suggests an emerging design space in which designers should anticipate new forms of money as an entirely new design material.

KW - money

KW - value

KW - data

KW - design

U2 - 10.21606/drs.2022.785

DO - 10.21606/drs.2022.785

M3 - Conference contribution

T3 - Proceedings of DRS 2022 International Conference

BT - Proceedings of DRS 2022 - The 2022 Design Research Society Conference

A2 - Lockton, Dan

A2 - Lenzi, Sara

A2 - Hekkert, Paul

A2 - Oak, Arlene

A2 - Sádaba, Juan

PB - Design Research Society

CY - London

T2 - Design Research Society 2022

Y2 - 25 June 2022 through 3 July 2022

ER -

The Future of Money as a Design Material

Abstract / Description of output

Publication series

Conference

Keywords / Materials (for Non-textual outputs)

Access to Document

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Cite this