New Economy Networks

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= "Self-organizing, opt-in, and blockchain-based networks of businesses committed to doing business sustainably". [1]

Description

"Self-organizing, opt-in, and blockchain-based networks of businesses committed to doing business sustainably

• Reciprocal trading systems (networks) with a sustainability “spin” to them whose members are rewarded in various ways for their sustainability performance – Strong performers receive preferential terms and conditions in their B2B transactions with other members – Strong performers receive preferential credit and other terms in their dealings within the network (i.e., the reciprocal trading system) – Providers of products or services with low negative and high positive social and/or environmental footprints receive additional benefits – Strong performers are publicly showcased as leaders in sustainability and in the transition to sustainable commerce

• That opt-in networks with shared benefits and built-in incentives can be used to jump-start new economies

• That participation in such networks can: – Facilitate the launch of new economies from within old ones – Offer a viable, opt-in and self-paced way out of old economies – Help build reputation and strengthen brand (like B Corps)

• That the introduction of Triple Bottom Line accounting to organizations can catalyze sustainability in commerce "

• That branding whole economies in sustainability terms can precipitate sustainable growth by attracting millennials and others committed to socially responsible business!"

(http://www.sustainableorganizations.org/New_Economy_Networks.pdf)

More information

  • For more information, contact: Mark W. McElroy, Ph.D., Center for Sustainable Organizations at [email protected]