Social Flights is a Value Game. The objective is for communities to fill a private jet in both directions in order to achieve the best economics. This may be achieved through creative Game Mechanics where travelers, aircraft operators, tourism and hospitality vendors, and municipalities interact in their mutual best interest to perform a calculation in a radical twist on the concept of Crowd Computing.
But what if communities could organize themselves using their own data? This would introduce a great deal of innovation in order to solve a calculation that is otherwise performed by capital infrastructure such as structures, corporations, government, or in the case of Social Flights, a vast hub airport.
The Value Game is designed to be gamed by entrepreneurs where “True Value” is created through collaboration rather than competition.
If Social Flights can create a game where people share an airplanes, imagine that the same game can be played with any shared asset from cars, education, health care, food production, and even public infrastructure. Communities may perform the “calculations of economics” much like how traditional tribes allocate resources. Enterprise lacking in “socially redeeming value”, by definition, will fail.
So exactly how powerful are tribes?
As we all seen this year alone in the Internet Age, Social Currency can and does directly challenge dictators, militaries, financial systems, and governments across the globe. People are performing Crowd Calculations – communities are Crowd Computing. These ideas and many more will be highlighted by Innotribe at SIBOS 2011
Let me offer an analogy:
The economy that is denominated by Money, is a system built on 5 pillars that are perform the calculations of finance and economics. The pillars are integrated to support a financial system. These pillars are: a currency, an accounting system, vetting institutions, entrepreneurs, and consumers.
If any one of these pillars is broken, corrupted, oppressed or otherwise fails, the entire system falters. Enron presented a failure in the accounting profession. The mortgage crisis was the failure of the vetting mechanisms. Corrupt legal systems suppress entrepreneurs. Now the debt crisis is threatening the currency pillar. The currency crisis will threaten the consumer.
Suppose that these five old economic pillars could be duplicated in a some different way and then integrated to form an alternate system for performing the same calculations. It is no coincidence that many of the sessions at SIBOS2011/Innotribe correspond to the five pillars of such an economy.
Entrepreneurs: Social Data and Cooperation, Corporate Cultures
Vetting mechanisms: Banks for a better world
Accounting system; Big Data
Consumers: Digital Identity
Currency; Future of Money
Imagine this, if the organizations at Innotribe were to integrate to create a new economy that is only slightly more efficient the old system, they may become the mother of all hedge funds. Remember the dictator caught without social currency? At least half the money in the world will convert, capitalize, and securitize in social currency. We may not be that far off from that day.
The New Economies Track at SIBOS2011/Innotribe features the people and projects that are at the forefront of “The Big Integration” where the five pillars of a new economic system will integrate themselves to form a new economy to replace the old. It all starts with entrepreneurs such as those featured at Innotribe 2011 trying to figure out new ways to integrate the five pillars of a new economy.