It is a system where gratitude for something (done) is recorded by sending a token called a ‘heart’ (HRT), and the history of the heart is used as a ‘credit’ that can be used outside the community.

Usually, gifts made to someone in particular or to the community to which one belongs are only meaningful to the person or community receiving the gift. Such gifts do not require a direct return, so it is a ‘virtue’ that they are not explicitly recorded. Nevertheless, people could deepen their relationships by giving, and therefore had a positive incentive to give. In companies that adopted Japanese-style management, there was a system in which such an active commitment to the company created a different value from ‘money’. This is the mechanism of the ‘gift economy 1.0’ that we are familiar with today.

However, the traditional ‘gift economy 1.0’ creates constraints on relationships precisely because of this. The record of the gift is not explicit, but becomes dependent on a ‘story’ within the community. If someone of great stature says, ‘He's doing a great job for the company,’ then ‘Is he really?’ would count as ‘objective’ credit. In such an environment, the person in a position to tell the ‘story’ would naturally have power, and people would try to get in with him or her and get credit. The danger of power being concentrated in the hands of those who have won through organisational logic, apart from money, was undeniably present in the conventional gift economy.

In the Gift Economy 2.0, the gift is recorded with gratitude when it is received, so that the meaning of the gift is not so much a ‘story’ as a gift. In this way, the history of the gift can be used as proof of the donor's own ‘personhood’ as well as his/her relationship with the recipient and the community. It is recorded on the blockchain what the ‘heart’ was received for and by what kind of thing/things, so that even if the gift is made within the community, it becomes a credit that can be used outside of it. The history on the blockchain will be a foundation of trust that shows who a person is and creates new relationships on top of that.

In a ‘capitalist economy’, ‘money’ is essential for others to do something for you, and the only way to prepare for future uncertainty is to accumulate ‘money’, but in a ‘gift economy 2.0’, relationships spun using ‘heart’ will eliminate ‘future uncertainty’. There you will feel that you are not an ‘individual’ but a member of a community living in relationship. By creating an economic sphere of people who consider relationships as ‘property’, you will be able to relate to others in a way that is different from the capitalist economy.