UNIVERSITY PARK, Pa. -- A focus on symmetrical activities -- and smart technology -- may be critical to creating applications that allow people to negotiate transactions with their time, rather than their money, according to Penn State researchers.
In a study, participants used a mobile application called WithShare to make requests for and volunteer to take part in upcoming activities that matched their interests and hobbies. This type of mobile timebanking app might help overcome some of the limitations of traditional timebanking, a service that values actions based on the time it takes to produce them, rather than based on money, according to John M. Carroll, Distinguished Professor of Information Sciences and Technology, Penn State.
"WithShare is, in a way, timebanking without the time," said Carroll. "We're streamlining interactions so that people directly and reciprocally coproduce services."