Trust group

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Revision as of 01:21, 26 June 2011 by Nad (talk | contribs)
Glossary.svg This page describes a concept which is part of our glossary

A trust group is a group of people who all trust each other. People can belong to many trust-groups, and all the trust-groups together comprise an important aspect of the platform network, which is a network formed from bottom up-organisations that incorporate trust relationships and allows the members to leverage their potential in a reliable way. All the trust groups listed in this site are aligned with OrganicDesign.

Trust: In a social context, trust has several connotations. The typical definition of trust follows the general intuition about trust and contains such elements as:
  • the willingness of one party (trustor) to rely on the actions of another party (trustee);
  • reasonable expectation (confidence) of the trustor that the trustee will behave in a way beneficial to the trustor;
  • risk of harm to the trustor if the trustee will not behave accordingly; and
  • the absence of trustor's enforcement or control over actions performed by the trustee. [more]

Trust-groups can be formalised into single entities that can trade, own property or control accounts. The type of entity best suited to such a group is a trust. Trusts can be created purely out of contracts formed between the members of the trust-group.

See also