Alternative currencies moderated and balanced by the crowd in a distributed, decentralized and publicly-known manner. You may have heard them referred to as digital currencies or cryptocurrencies.
Direct social lending and socialized commerce between people without a financial or retail intermediary.
Members of the crowd become part-owners of a company which is raising funds in the form of offering shares and dividends.
Members of the crowd give money to support a worthy cause or as an exchange for a “reward,” typically the product or service that the crowdfunding company produces or provides.
A collaborative economic model built around the sharing of human and physical resources including shared creation, production, distribution, trade and consumption of goods, space, travel and services by different people and organizations.
A partnership between an organization and a crowd (often customers) to jointly produce a mutually valued outcome while encouraging a more active involvement from the crowd to create a value rich experience.
Companies who encourage genuine listening, sharing, engagement and commerce through open, social channels to create value across the corporation or within various functions.
Individuals, not-for-profits or purpose-driven organizations, who engage collectively with passionate and interested stakeholders to raise the profile, impact and fundraising potential of their causes.
The effort of obtaining requested labor, services, solutions, ideas, or content by soliciting contributions from groups of people, typically online and geographically dispersed, rather than via traditional employees or suppliers.
Groups of individuals gathering and participating on web-based platform(s) and interacting with one another on an ongoing basis driven by a common, tribal attraction for a belief, idea, product, brand, idea, cause or business.
A form of collective action that occurs when large numbers of people work independently on a single project, often modular in nature, that produce shared understandings and outputs.
Use of inflows and outflows of knowledge to accelerate innovation inside organizations, and expand markets for external applications, through more permeable, open organizational boundaries and combining the organization’s resources with external co-operators.
The shared or group intelligence and insight that emerges from the collaboration, collective efforts, and/or competition of many individuals.
Digitally-connected platforms and activities to help inform, organize, empower and mobilize citizens, communities, national, regional and global movements.
Our consultancy team at CSW2 can help your organization utilize crowdsourcing to drive business and societal value, through not just ancillary benefits, but by incorporating its principles into your organizational DNA. Check out how you can work together with us to learn more about what makes up the Crowd Economy.