Congratulations to the 2017 Innovation in Human Capital Award Winner
Intesa Sanpaolo Innovation Center
Leveraged sharing economy and alternative currency
A.L.I. by TimeRepublik is an employee, family member and retiree social community interconnected through a global “timebanking” platform, powered by a sharing economy startup. Members can post requests describing the service they need and posting skills sought to fulfil that request. Members earn ‘TimeCoins’ for completing a task, and can then spend the earned alternative currencies to receive a service from a community member.
The service relies on trust and reciprocity between members and the value of their reputation.
Members exchanging services are encouraged to actively communicate with each other to ensure expectations are met.
This innovation by Intesa Sanpaolo Innovation Center and A.L.I Intesa Sanpaolo improves the effectiveness of the mechanisms by which employees and their community traditional function. Through alternative currency use and the sharing economy pillars (trust-based, social interaction, and under-utilized capabilities), they’ve started to overcome operational and organizational barriers as well as “old mindsets” to leverage an international startup with an innovative solution.