The Social Credit Card
Posted by Allison Fine on July 20, 2009
If you haven’t spent time surfing around Ideablob you should. It’s a really terrific idea of crowdsourcing new, entreprneurial ideas, both for profit and nonprofit, can post their ideas. The crowd can then review and vote for them; the winner gets $10,000.
Paul’s Social Credit Card idea is a way to use a mechanism, like a credit card, to store and social capital for exchange. Here’s Paul’s description of the idea:
Every time we make a social contribution (helping a neighbor, volunteering at a homeless shelter, donating to charity, etc.) we accumulate points that appear on our monthly statements. These points are then redeemable, similar to frequent flyer miles, for the purchasing of goods or services. The points can also be used to pay down debt or donated to other individuals or charities as a financial contribution. By combining social with financial capital we create incentives for good works and a more comprehensive picture of our net worth.
Go and take a peek, and if you are moved, vote for Paul’s idea today. Thanks!
This entry was posted on July 20, 2009 at 9:52 am and is filed under Social Media. Tagged: Ideablog, Paul Lamb, Social Credit Card. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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