The New Economy needs a framework


Elan Perach





Where are we going?




Launch Your Own Economy


openlets.org



In the BEGINNING there was barter





Problem?

and then there was money



 p2p marketplaces 


  •  airbnb - housing 
  •  uber - transportation 
  •  eatwith - dinner parties 
  •  ebay - goods 
  •  task rabbit - tasks 
  •  eLance - freelancers 


 airbnb 


  •  17,000,000+ Total Guests 
  •  34,000+ Cities 
  •  600+ Castles 
  •  190 Countries 
  •  800,000+ Listings Worldwide 




uber

  • 20,000 new drivers a month
  • 43% of Americans within 5 minutes
  • 1/3 in SF ditched cab to drive for Uber, Lyft & Sidecar
  • $17B Valuation





 crowd funding 

kickstarter

nonEQUITY CROWDFUNDING







  •  $1,243,012,723 Pledged 
  •  66,327 Successfully Funded Projects 
  •  6,702,153 Backers 



ourcrowd - Equity Crowdfunding 

  • launched 2013
  • Raised $73 M
  • From 4,000 Accredited Investors



 Gift economies 


  •  CouchSurfing 
  •  Agora Project 
  •  TuShare 


couchsurfing


  • 5.5 M Surfers
  • in 97,000 Cities 
  • in 207 countries
  • 5.6 M nights surfed
  • 11.5 M reviews




The worlds first goods sharing platform

14054 Items on the Site Now Just in Israel

 complementary currencies 


  •  Yerdle 
  •  igobono 
  •  O-Share 
  •  Time Banks 
  •  Corporate Currencies 



 Currency name - Credits 
 Monetary Model - Fiat 

 Business Model - For Profit 

  • $5.5M Investment
  •  30,000 People 
  •  ~10,000 Items Shared 


 Currency name - Shefa 
 Monetary Model - Fiat 
 Business Model - Coop
  •  ~250,000 NIS Donations 
  •  13,000 Users 
  •  ~10,000 Transactions 
  •  ~1,250,000 Shefa Sent 
  •  15,000 Offers 


Time Banks


  • Monetary Model - Mutual Credit
  • Thousands of time banks
  • Millions of hours traded
  • They are receiving funding
  • Promoting social involvement
  • Taking care of weaker people




corporate 

currencies 

aka loyalty points




NEW SYSTEMS ARE EMERGING


bitcoin








Blockchain 1.0
POC - Currency App










Blockchain 2.0
Turing complete






 tesla open sourced 

 their battery patents 

1 in 3 websites built with wordpress









 75% of Web Servers 
 98% of Top 500 Super Computers 



50 different Industrial Machines





So?





Currency Without Financial Tools


financial tools without currency





 Fragmented 



distributed technologies are 

still in their early stages




 web 2.0 development is thriving 




economy managment framework

 core 


  •  Monetary Model 
  •  Economy Type 
  •  Trust - Reviews & Ratings 
  •  Common Interest 
  •  Oauth / API 



monetary models

  • Fiat - Centralized
  • Mutual Credit - Decentralized
  • Time Bank - Decentralized
  • Backed - Centralized
  • Gift Economy - no currency


 economy TYPES 


  •  Time Bank 
  •  Event Bounty Competition 
  •  Loyalty Program 
  •  Gift Economy 
  •  Employee Incentive Program 
  •  Non-Profit Donation Currency 
  •  Student Initiative Network 




plugins


 Financial plugins

  •  Marketplace 
  •  Crowdfunding 
  •  Bounties 
  •  Group Purchasing 
  •  Forex 


 Social plugins 

  •  Content - blogs, articles, posts 
  •  Personal & Aggregated 
  •  Events 
  •  Dating 
  •  Friend Finding 
  •  Decision Making 
  •  Direct Democracy
  •  Shared Commons  




 FIN-O-mo-lo-so 





demo?



our vision





 phase one 

 decentralized solution 




phase two 

distributed solution



 elan@openlets.org 
 twitter: @openlets 






 QUESTIONS? 


FAq


  1. Who are your competitors?
  2. Why should rich rich people join time banks?
  3. Is there a way to use OpenLETS without Internet?
  4. What if I don't have access to the internet?

The New Economy Needs a Framework

By elanperach

The New Economy Needs a Framework

  • 1,194
Loading comments...

More from elanperach