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IP2P Concept

  1. 1. I Promise To Pay public reputation repository based on
  2. 2. Trends that stimulate promise and trust Person 2 Person money transfer Collaborative consumption All inside personal mobile device 2
  3. 3. Problem • People need to get money to buy something • Merchants don’t know customers and can’t trust customers • It’s so hard to share you bills and financial risks 3
  4. 4. Solution or product money Vendor or Consumer Сonsumer promise reputation money money IP2P Partners Buyer receives goods or lend for the promise, pay latter and rise his reputation 4
  5. 5. The Core Reputation repository API Facebook iP2P Get reputation Change reputation Trusted Everyone partners It’s a public nonprofit organization 5
  6. 6. Reputation = personal honesty * finance wealth 6
  7. 7. How it operates ― When your friends rank you a honest person your reputation grows ― You can’t promise to pay more money than your reputation is ― When you give and fulfill promises your reputation grows (like a credit history) ― If you didn’t fulfill any of your promises your account blocks 7
  8. 8. Advantages For people For merchants ― Easy to buy ― Loyalty ― Post payment ― Increase sales ― Share bills and ― Know your financial risks customers 8
  9. 9. Advantages over credit cards ― All Facebook users can easily use IP2P ― No any cards needed ― Everyone can guaranty credit, not only bank ― Easy to cooperate and share finance risks ― Absolutely free to use ― Honesty and sociality are valuable 9
  10. 10. Strategy Funded by crowdsourcing and donations Open source and nonprofit Based on facebook 10
  11. 11. Our partners will be • Online games and virtual goods • Organizations that provides micro credits, including p2p credits • Online and Offline shops • Platforms that will allow strangers to consolidate their money for purchase • Organizations that loan something 11
  12. 12. Promotion • Facebook application for rank the honesty of you friend • Attraction key partners who share our values to the public club • Reputation is motivation 12
  13. 13. Reputation is Motivation I do NOT rise money for myself to make someone do something for me I do increase my reputation to let someone do something for me 13
  14. 14. The Unique YOUR REPITATION IS YOUR CREDIT YOUR HELPFULNESS IS YOUR MONEY And it is operation based on current financial system 14
  15. 15. Change the word Money is nothing. Money is only in our mind. Money is only a regular way to make someone to do something for you. Do something to Do something good get money to the good enough people the TAKING world the GIVING world 15
  16. 16. Trust, reputation and social capital 16
  17. 17. For you HELP/DONATE US TO INCREASE YOUR REPUTATION TO LET OTHER PEOPLE DO SOMETHING FOR YOU 17
  18. 18. Russian part of Team: – Oleg Ponfilenok: oleg@ponfilenok.com – Sergei Litvinau Stanford part of Team: – David Ngo – Andrew Martin – Jae Kyun Hwang IP2P.ORG 18

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