Cryptocurrency Comes to Co-Working

Amsterdam-based start-up Primal Base is bringing the benefits of the blockchain to the shared office.

Ever since 2005, the shared office movement has been growing across the world. Often called “co-working,” millennials especially seem to value the sense of community and camaraderie that can be found by working in a shared space among a diverse group of professionals.

Primal Base, an Amsterdam-based start-up company, is looking to bring the co-working concept to a new level by allowing anyone to use or lease high-quality, shared office space in buildings located around the world using digital currency-based tokens (on the Waves and Ethereum blockchains) as the key to access.

Primal Base will be issuing Primal Base Tokens (PBT) during an upcoming crowd sale that begins on Monday, June 26th (12:00 p.m. UTC), that will give participants the ability to use office space themselves or lease it to others as a way to generate additional revenue. All of these transactions will be managed from an easy-to-use mobile app that will give users the ability to manage and transfer token holder rights and access from anywhere in the world.

Cryptocurrency enthusiasts will immediately recognize that this paradigm represents a totally new use case for digital tokens and opens up a whole range of exciting prospects and possibilities. This model for how to manage and even monetize the shared workspace experience promises to revolutionize an already revolutionary industry and open up access to even more people who want to take advantage of the unique opportunities continually being created by blockchain technology.

Primal Base already has an office operating in Amsterdam and has plans to open additional ones in Berlin, London, Singapore, and New York by June of 2018. Over time, holders of the Primal Base token will vote to determine where new locations should open. The ultimate vision is for there to be Primal Base hubs in major cities across the globe.

To better understand how Primal Base intends to realize its vision, check out their website and thread on the Bitcointalk forum.

Primal Base http://primalbase.com

Primal Base on Bitcoin Talk Forum https://bitcointalk.org/index.php?topic=1930971.0

The founder of Primal Base, Dmitry Faller, has recently participated in a series of seven Q & A’s that have been posted here on Medium over the last several weeks. I’ve been impressed by the range of questions asked during these sessions and the substantive responses provided. There are a lot of aspects to a complex project of this scale and scope and the question and answer format is often the best way to explore a variety of issues and considerations in the kind of detailed way many find satisfying. I’d highly recommend that anyone who is interested in the Primal Base project take the time to review each of the seven Q and A’s. The first one can be found here. For those who don’t have the time or the inclination to pore over all six sessions, I’ve written an article that summarizes my top 10 take aways called “The Top Ten Things I’ve Learned About Primal Base.”