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 Risk Pools will enable people to put social commerce on top of social media, using the information in social media to make personal risk decisions, and to form risk pools to manage their personal risk, both for borrowing and for investing.
This is episode 106 of Conversations with Kip, the best financial system vlog there is.