Social Commerce and Financial Information

I’ve discussed Trust as a measure of efficiency, Social Commerce may soon lead to Social Risk Pools, and then Social Currencies that are based upon trust. The last needed element to see these trends realized is better financial information. Honest, trustworthy people need good financial information; in the same way a responsible person takes notes and keeps a list of commitments, good financial information helps … Continue reading Social Commerce and Financial Information

Social Currencies: Based on Social Trust

Two weeks ago I discussed Trust as a measure of efficiency. Last week I noted that Social Commerce may soon lead to Social Risk Pools. These two trends then may then lead to Social Currencies. Currency is nothing more than transferrable credit; it’s an IOU that someone else will accept because of trust in the issuer of the IOU. Currency is based upon trust. Bitcoin … Continue reading Social Currencies: Based on Social Trust

Social Risk Pools and Fintech

Our last conversation introduced the idea that trustworthiness generates the highest efficiencies for those involved. Today’ss conversation builds on that idea, introducing the idea of Social Risk Pools. Financial Services is the process of managing risk. Social Risk Pools are coming places where like minded people will manage commercial connections to obtain the highest possible returns depending on their commitment to honesty and integrity. Social … Continue reading Social Risk Pools and Fintech