PIPs Creates a Smart City Currency for the Social Impact Economy
Meghan Young — February 5, 2015 — Eco
References: pipsrewards & pipspositiveimpactpoints.splashthat
The concept of the smart city often revolves around the idea of what the infrastructure can do for the community, but the idea of a social impact economy focuses on the the reverse. The PIPs (Positive Impact Points) platform capitalizes on the latter by creating a points system that rewards people for making better life choices that affect not only personal health, but also the planet and their community.
PIPs not only rewards, it also records. By quantifying the efforts of the user, the platform clearly shows how much stronger the social impact economy is becoming in a particular area. Whether that means residents are switching to green energy, shopping responsibly, driving safely or volunteering, there are a multitude of ways to make a difference and to earn Positive Impact Points.
PIPs not only rewards, it also records. By quantifying the efforts of the user, the platform clearly shows how much stronger the social impact economy is becoming in a particular area. Whether that means residents are switching to green energy, shopping responsibly, driving safely or volunteering, there are a multitude of ways to make a difference and to earn Positive Impact Points.
Trend Themes
1. Social Impact Economy Platform - Creating platforms that incentivize and reward users for making better choices that benefit personal health as well as the planet and community.
2. Smart City Currency - Introducing digital currency that rewards users for making life choices that promote better urban development and community welfare.
3. Quantifying Social Impact - Using technology to measure and track the impact of positive changes made by individuals in their community.
Industry Implications
1. Fintech - Developing financial technology platforms that offer digital currency and rewards as incentives to promote smart city initiatives and social impact economy.
2. Retail - Retail outlets can partner with social impact economy platforms to offer incentivized shopping rewards to users making positive purchasing choices that benefit the planet and community.
3. Automotive - Partnering with social impact economy platforms to develop incentives for safe driving and environmentally responsible automotive practices.
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