Sunday, October 14, 2012

Identities Cooperative

"Many of the principles that would serve the network of client/owner members can be described by variations of the term Cooperative.

Transactions that occur between members through the network with various business entities will often resemble those of a Credit Union.

"Our early draft embraces the concept of re-investing profits in growing infrastructure and adding members and/or distributions to existing members (equally) in the form of patronage or capital credits. The latter will likely require more careful consideration as we proceed.

"A useful model for comparison is that of a rural telephone cooperative."

© 2012 Buzz Hill

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