Global Trust Exchange

GTX

 

Home

Background & Purpose

Social Transformation Network


BACKGROUND AND PURPOSE
OF THE GLOBAL TRUST EXCHANGE

The Internet was initially designed to connect people to information.  Collaborative technology quickly evolved to connect people to people.  In only the past few years "Social Networks" have emerged on the Internet to connect the personal profiles and personal connections of millions of users.  
Online social networks use personal connections of trust that already exist to make these existing trust networks more accessible, more abundant, and more useful.  

The entire field of Internet-enabled social networks is still relatively young with a great deal of promise yet to be fulfilled.   The most promising and advanced current and future social network applications involve the exchange of trust.  
Currently only a few online social networks are being used for professional applications, which especially require emphasis on trust and user-controlled privacy.

The basic concept of a trust exchange is that personal trust is the last and most difficult type of exchange to automate – in contrast to exchanges for goods, currencies, securities, services, and information.   The exchange of personal trust is difficult to automate because personal evaluations of trust can’t easily be standardized.   

The Global Trust Exchange will begin by making use of online social networking services provided by LinkedIn.    LinkedIn’s basic features and services are powerful and free for individuals and organizations to use.    LinkedIn enables the exchange of trust by requiring that all connections in the network are mutually confirmed; and by relying on each individual member to act as a trusted broker/gatekeeper for each of the people they’re connected to.   This works extremely well for the exchange of most information related to professional expertise, experience and current and past affiliations -- that is, information people are willing to share in professional bios, CVs and resumes.    

Searching a database of millions of professional profiles is extremely valuable.  On top of this ability to locate someone with needed expertise or influence, LinkedIn adds the ability to also find a personal introduction through a mutually trusted connection.  For a list of more benefits, see this list.

The Global Trust Exchange will add value to the services provided by LinkedIn by:

  • Creating specialized networks, such as the Social Transformation Network, that facilitate professional networking across organizational boundaries within large professional communities;
  • Providing consulting, training and learning programs to enable organizations and individuals to get maximum value from their collective trust networks; (see Demonstration Project )
  • Facilitating development of applications to integrate the more private data of organizations and individuals with the more public data and services on the LinkedIn network;
  • Facilitating development of advanced  technologies and applications to help further automate the exchange of trust. 

The Social Transformation Network is the first project of the Global Trust Exchange.

For more information about the Global Trust Exchange and Social Transformation Network contact Duncan Work, duncan@trustexchange.net.

 

Home

Background & Purpose

Social Transformation Network