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I Promise To Pay
public reputation repository based on
Person 2 Person money transfer
Collaborative consumption
All inside personal mobile device
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Trends that stimulate promise and trust
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
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Solution
product
promise
Consumer
money money reputation
Vendor or
Сonsumer
money
or
IP2P Partners
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Buyer receives goods or lend for the promise, pay latter and rise his reputation
The Core
iP2P
Everyone Trusted
partners
Reputation
repository
API
Change reputation Get reputation
It’s a public nonprofit organization 5
Reputation
=
personal honesty * finance wealth
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How it operates
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― 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
Advantages
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For people
― Easy to buy
― Post payment
― Share bills and financial risks
For merchants
― Loyalty
― Increase sales
― Know your customers
Advantages over credit cards
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― 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
Strategy
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Funded by crowdsourcing and donations
Based on facebook
Open source and nonprofit
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
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Promotion
• Facebook application for rank the honesty of you friend
• Attraction key partners who share our values to the public club
• Reputation is motivation
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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
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The Unique
YOUR REPITATION IS YOUR CREDIT
YOUR HELPFULNESS IS YOUR MONEY
And it is operation based on current financial system
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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 get money
Do something good to the good enough
people
the TAKING world the GIVING world
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Trust, reputation and social capital
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For you
HELP/DONATE US
TO INCREASE YOUR REPUTATION
TO LET OTHER PEOPLE DO SOMETHING FOR YOU
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IP2P.ORG
Russian part of Team:
– Oleg Ponfilenok: [email protected]
– Sergei Litvinau
Stanford part of Team:
– David Ngo
– Andrew Martin
– Jae Kyun Hwang
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