Hashtags are marketplaces.
In the physical world people find goods and services in
physical marketplaces, like stores and shops. In Swarm City
people find goods and services in hashtags. Hashtags are
context specific marketplaces, for instance #needaride is a
rideshare context where riders can find drivers willing to get
them from one location to another. Or #contractor is where
homeowners can find plumbers and electricians to fix their
house. Users earn reputation by transacting in a hashtag.
Not only that, Swarm City users are free to open and run their
own marketplace by creating a hashtag. Just like a shop
proprietor, the hashtag creator is responsible for making
their marketplace an excellent place for business. They ensure
that buyers and sellers, and service seekers and providers
using their hashtag will have a great experience. They also
handle any dispute that may arise in their hashtag.
to learn more about hashtags.
Hives are communities.
Hives are people who share values and resources Each person
has a unique combination of genetics and experience, and
because of this their skillsets vary. For this reason it
benefits humans to band together and form communities, to
leverage the combined abilities and resources of all members.
In Swarm City, these groups are called “hives”.
Hives are people who share values and resources, and work
together to provide services. For example, a group of aligned
rideshare drivers may form a hive, and that hive would provide
rides in a hashtag. Each driver would earn hive reputation for
every ride they provide as a hive member, and would give a
small percentage of their earnings to the hive’s shared
resource pool. Drivers benefit from organizing this way
because their hive reputation will give them influence on how
the resource pool will be spent; for example, pooled insurance
to learn more about hives.
Reputation shows what a user values.
Often in-person commerce is transparent because both parties
can see the goods and payment method that make up the deal.
But sometimes people transact without knowing each other,
either in person or online. In those situations people need
some way to establish trust, so they may have confidence that
the person they’re dealing with and the transaction itself is
In Swarm City users create contextual reputation by completing
transactions in a marketplace (hashtag). As an example, riders
and drivers who successfully complete a #needaride transaction
both get #needaride reputation. Users gain reputation in each
marketplace they transact, and that reputation is forever
associated with their profile. Their reputation gets affixed
to the blockchain, which means it’s permanent and absolute.
A user’s profile will show all the reputation they have
acquired in hashtags and hives, and because of this, gives
their transaction partners a general understanding of what
types of things they value, and what types of things they’ve
achieved competency in.
to learn more about reputation.