Presentation by Sarah Fox, 500 words Ltd at the 2018 Construction Mobile IT Conference 'Digital Construction: Lighting the Way' at the Hallam Conference Centre, London on 24th and 25th May 2018. More information at http://www.comit.org.uk/cconference-2018
These are some of the world's first coins, produced in Lydia, western Turkey, over 2500 years ago. The lion on this coin is seen as a symbol of royalty. The two deep impressions were created by a hammer, used to punch the image of the lion and bull into the blank coin. Lydia was renowned for its wealth and its last king, Croesus, was immortalized in the saying 'as rich as Croesus.'
Why did people invent money?
Cities and empires managed without coins for over 2000 years. Electrum (gold and silver mixture) was used for the first coins, but coinage gained popularity when gold and silver coins were introduced. Coinage probably developed in Lydia because it was a trading centre and possessed large gold supplies. Before coins, payments were made with metal bullion or by barter. To establish its value metal was checked for purity and weighed. The Lydians minted coins of consistent weight and purity to speed up transactions.
Transparent ie simple contracts & processes that you can read, understand & useLive ie driving contracts from your processes (not vice versa) and include wide options to change scopeCollaborative ie risks and aims are shared