The ReXchange is Open

With today’s kickoff of both Sibos and our Innotribe sessions, the ReXchange—the place to exchange currency for status, find out who’s got how many, and learn what you can spend it on in Thursday’s sessions—is open. Staffed by students from Stanford’s Social Data Lab, the ReXchange can answer any questions you have about the social currency. Drop by the Innotribe room at Sibos and say hello, spend some time with us, learn and be inspired. Oh, and earn a little something.

 

Advertisements

Reputation is Contextual

A guest post by Drummond Reed of Connect.Me:

The Reputone represents one of the key themes of this year’s Sibos: that reputation is a social currency, and one that is steadily increasing in value. However as a social currency, reputation differs markedly in certain aspects from conventional “hard” currencies. For example, it is a mantra in reputation systems that reputation is contextual.

This means that, in contrast to hard currencies whose purpose is to represent as uniform standard of value as possible everywhere they’re used, reputational value can only be measured within a specific context, and it is only partially transferrable—at best—to other contexts. To use some broad brush examples: while Einstein may have discovered relativity, Pele could run circles around him on a soccer field; neither could hold a paintbrush to Pablo Picasso; and none of them could hold a note like Luciano Pavarotti.

As Randy Farmer and Bryce Glass state in the excellent O’Reilly book, Building Web Reputation Systems, “Things can have reputations in multiple contexts simultaneously. Furthermore, not all of an item’s reputations need agree across contexts. In fact, it’s highly unlikely that they will. It’s entirely possible to have an excellent reputation in on context, and abysmal one in another, and no reputation at all in a third. No one excels at everything, after all.”

This doesn’t make reputation any less valuablein fact it may make it even more valuable for certain types of relationships, because it can adapt its value to the locality of the context. “Money can’t buy me love”but a great reputation in the right context might.

Keep this in mind as you exchange Reputones at Sibos. You are the only and only person who decides what context in which you will award someone Reputoneswhich also means each time you award one, you are saying something about yourself. (More about that in another post.)

Keep in Touch with Us

If you’ve attended before, you know that Sibos will be a busy place—there’s not always a spot to stop and read a full blog on the Web. To keep up with the Reputone action, find out about changes or challenges in the Reputone economy, see who’s paying it forward, and where to spend it, we suggest a few easy options:

  • If you are a Twitter user, just jump over to Twitter and follow us there (you can also follow from the blog sidebar here. Just click the “Follow” button and your in!)
  • You can subscribe to new blog posts via e-mail using the subscription feature in the sidebar on the right. Just click “Sign Me Up.”
  • If you are a fan of RSS readers, just plug our RSS feed, found below right, into your favorite app and go.
Like any good social economy, this is a conversation. We want to hear from you with comments, feedback, retweets and more. Talk to us!

Welcome to the Reputone Economy!

As the name implies, the Reputone, or “Re” as we call it, is a currency designed to encourage contribution and collaboration, not consumption. For the four days of Sibos, it is the Innotribe “coin of the realm,” changing hands as we exchange insights, ideas, connections and convergence.

How it works:

You will receive these notes throughout the Innotribe sessions, and have an opportunity in each session to “spend” them on others.

Initially, you will be able to choose the value by writing it on the Reputone note, and the purpose of the exchange—are you extending your network, receiving a valuable opinion or insight, or being given useful knowledge by someone else?

You will be guided when you can exchange them during sessions, but feel free to keep spending them on others at any point during our Innotribe gathering at Sibos—a powerful or valuable collaboration can happen anytime. And be prepared to receive as well as give, as you may be the one sharing!

To gain more yourself, you can also trade networking for currency by showing business cards you’ve collected at one of our trading desks, where you will be issued Reputones of value for the networking you are doing. Don’t worry, you’ll be able to keep the cards, too! Keep an eye out for the trading desks. You may also be rewarded on the spot with value by an Innotribe team member, so show your most collaborative behavior!

To keep your “wallet” manageable, you can also exchange paper currency you’ve collected for a status bracelet at a trading desk. You will also have opportunities to collect additional blank currency should you run low.

Most importantly, you will have an opportunity to spend what you’ve collected on Thursday morning when we open the Innotribe Ateliers. You could buy valuable time with an Innotribe speaker or something else useful to take away from your experience here.

Keep an eye out for changes, though. The Innotribe team may just intervene in the Reputone economy on short notice to keep it interesting. Watch this blog at, or follow on Twitter via @reputone.

Keep collaborating, sharing and building!