Digital Circular Economy
Give social data as raw material and provide re-purposed data marketplaces for local entrepreneurship in personalized marketing.
Profile
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Research
50pt
Idea
10pt
Evaluation
0pt
Collaboration
17pt
Total
77pt
Give social data as raw material and provide re-purposed data marketplaces for local entrepreneurship in personalized marketing.
A mobile time bank is a labor exchange - a barter platform for selling and buying consulting services. It works by blurring the line between formal education and work, thereby providing a seamless transition from formal school to the workforce.
The "virtual currency" refers to client-awarded satisfaction points for each job delivered. This feature adds per-job compensation as an incentive and differentiates this concept from volunteer networks.
Points earned could be redeemable within the network by using them to buy consulting services or specialist knowledge. For example, I could train a user on Java programming for 3 hours and pay for an hour of Spanish language lessons with "time dollars" earned. The reward system fosters reciprocal value and real-world personal experience growth.
If the virtual currency is transferable then third party trading mechanisms can be built to convert it into hard cash. Being a mostly peer-regulated currency, some controls would be needed to prevent abuse.
This concept is revolutionary: I think the game-changer here is the creation of an "on-demand job market".
Open jobs can be streamed online, and pulled off the jobs feed once they have been allocated or their delivery time window expires.
Plus the platform could be designed to support value-add benefits such as job delivery rating and virtual currency earnings.
Eric commented on YouthForce - a 'small project' job market for young people