Digital “Barter” Platform: Will it Succeed in Today’s Creator Economy?
IMAGINE THIS: You’re broke and literally have no petty cash left in your pocket. Your bank account is screaming for help, too. But you need to eat and pay your bills. How do you survive without taking a loan from the bank, borrowing money from your friends and relatives, or begging for alms in the streets?
Now let’s pause for a while and create an alternative world: You’ve got a lot of incredible skills — coding, video & photo editing, teaching, music scoring, painting, interior designing, landscaping, and the list goes on.
If our society adopts a modern system that will accept these skills as payment for whatever goods or services you need, will you survive? Will everyone be able to afford anything they want or need, so long as they’ve got the skills needed by society?
Barter vs Currency System
Barter is not a new or groundbreaking idea. This has been around during early civilizations and can be traced back hundreds of years on different continents of the world, for instance, between Europe and Southeast Asia.
It has its own advantages and caveats, just like any other system involving human interactions. That’s why the currency system, that we now employ, was invented.
However, I believe that as a highly evolved society, we can revive the Barter System and translate its functionality to the digital or creator economy. AI-powered technologies are rising and will continue to be relevant in the coming years. Growing along with it could also mean leveraging the power of network and connections, that are so rampantly and easily available.
The digital age has created online marketplaces and similar platforms that enable people across time zones and geographical locations to find and trade with each other.