CareWheels

Value Exchange

The basis of value exchange through the LOVEbank is time-based Community Credit.

love-howgraphic

Collaborative Consumption

The sharing economy, also known as "collaborative consumption," uses technology and social media to promote the sharing and re-use of underutilized assets such as time, skills, talents, goods and services.

Sharing is a rare and practical systemic solution; it simultaneously increases access to wealth, reduces waste, and strengthens our social fabric by transforming human capital into social capital.

Collaborative Lifestyles: people with similar needs or interests banding together to share and exchange less-tangible assets such as time...skills. These exchanges happen mostly on a local or neighborhood level.

Redistribution Markets: pre-owned goods are passed on from someone who does not want them to someone who does want them. This is another alternative to the more common 'reduce, reuse, recycle, repair' methods of dealing with waste. -Wikipedia

Principles

  • Critical Mass of Participants

  • Abundance from Idling Capacity

  • Trust transforms surplus Human Capital to Social Capital

Drivers

  • Age Wave

  • Cost Consciousness

  • Resurgence of Community

  • Structural Economic Deficiencies

  • P2P (Interpersonal) Network Technologies