Close Menu
Crypto Valley Journal
    Facebook X (Twitter) Instagram
    Crypto Valley Journal
    • Hot Topics
      • News
      • Minds
    • Focus
      • Background
      • Blockchain
      • Legal & Compliance
      • Non-Fungible Token (NFTs)
    • Investing
      • Markets
      • Financial Products
      • Decentralized Finance (DeFi)
      • Exchange overview
    • Education
      • Basics
      • Glossary
      • Politicians on crypto
    • Statistics
      • Bitcoin-ETF-Flows
      • Ethereum-ETF-Flows
      • Crypto market data
      • On-chain data
    • Academy
      • Overview
      • Part 1: Blockchain
      • Part 2: Money
      • Part 3: Bitcoin
      • Part 4: Cryptocurrencies
      • Part 5: Decentralized Finance
      • Part 6: Investing
    • English
      • Deutsch
    Crypto Valley Journal
    You are at:Home » Focus » Blockchain » Vienna rewards sustainability with culture tokens

    Vienna rewards sustainability with culture tokens

    By Editorial Office CVJ.CH on 24. February 2020 Blockchain

    The capital of Austria has announced the use of a “Culture Token”, which was set for initial tests at the end of February. Residents of the city can earn the tokens by acting in a climate-friendly manner.

    Thus, a playful bonus system, in the form of an app, will aim to motivate citizens to reduce CO2 emissions and do something good for themselves.

    In an initial test phase, the culture tokens can then be used at Vienna’s People’s Theatre, the Vienna Museum, the Art Museum and the Concert house.

    A playful pilot project that rewards climate-friendly behaviour

    The condition for participating in the “Culture Token” is to have registered for it in advance, (the project is initially limited to 1,000 citizens). Culture Token is a smartphone app, which works with a GPS location tracking system and records the distances covered by walking, cycling or public transport. Such actions are then rewarded with token credits. One token corresponds to about 20kg of CO2. To save this amount, a citizen would have to walk or use public transport to get to work every day for two weeks.

    Collecting data for an extended “Vienna token”

    On the project’s website, the City of Vienna has claimed to be creating  a ”playful pilot project that rewards climate-friendly behaviour.“ After six months of scientific monitoring with a final evaluation, the project is to be looked at in more detail, and provide the data which will serve as the basis of a potential Vienna token, which could then be realised if the “Culture Token” is successfully implemented.

    In 2018, the city’s data governance coordinator, Brigitte Lutz, introduced the Vienna. The city reacted quickly to this proposal, and has been working on the project since January 2019.

    Share. Facebook Twitter LinkedIn Email Telegram WhatsApp

    About the author

    Editorial Office CVJ.CH
    • Website
    • Twitter
    • LinkedIn

    Since 2018, the editorial team at Crypto Valley Journal has been reporting from Zug - the heart of Switzerland’s Crypto Valley - on Bitcoin, cryptocurrency, blockchain, and regulatory developments in digital assets. Behind the publication’s collective editorial voice is a team of writers with backgrounds in financial markets, law, and technology.

    Related Articles

    A study group from Japan's FSA, the Ministry of Finance and the central bank starts reviewing blockchain settlement for securities this summer.

    Japan weighs blockchain settlement for stocks and government bonds

    olvo Group is testing a cryptocurrency on a closed blockchain network to settle payments with its material and transport suppliers.

    Volvo Group tests its own cryptocurrency for suppliers

    17 banks across six continents are piloting cross-border payments with tokenized deposits on the Swift Blockchain Ledger 24/7.

    Swift launches blockchain ledger for 17 major banks

    Bitcoin near USD 78,000 and stablecoin supply above USD 300 billion shape the crypto market outlook heading into Q4 2026.
    2. September 2026

    The signals to watch: a crypto market outlook for Q4 2026

    21 institutions, among them Goldman Sachs, UBS and Deutsche Bank, want to issue a bank-owned dollar stablecoin in the first half of 2027.
    2. September 2026

    Major banks plan joint dollar stablecoin for 2027

    The Q2 2026 13F filings show USD 87.4 million in XRP ETFs at Goldman Sachs, after the bank had exited almost entirely in the prior quarter.
    1. September 2026

    Goldman Sachs becomes largest holder of spot XRP ETFs

    twitter image button instagram image button linkedin image button youtube image button

    About Crypto Valley Journal
    About Crypto Valley Journal

    On the pulse of the movement

    • Academy
    • Contact
    • Advertising
    • About us
    • Partner
    • Imprint
    • Privacy
    • Disclaimer
    Search

    Type above and press Enter to search. Press Esc to cancel.