New Qoop, an innovative concept, proposes to accelerate the growth of platform cooperatives. It seeks to democratise the digital economy by encouraging collective ownership and governance of online platforms. The idea is based on the principles of cooperatives, where members collectively own and control the organisation. However, it applies these principles to digital platforms, offering a more equitable alternative to traditional corporate structures.
New Qoop is designed to provide a solution to the challenges faced by platform cooperatives, including capital constraints, lack of technical expertise, and legal hurdles. It aims to create a supportive ecosystem that enables platform cooperatives to thrive. It plans to do this by offering a standardised legal and financial framework, providing shared technical resources and fostering a community of cooperatives.
The concept also includes a novel funding model, where members can invest in the cooperative and earn returns based on their contributions. This model is designed to attract more participants and increase the financial stability of the platform. By implementing these strategies, New Qoop hopes to make platform cooperatives more accessible, sustainable, and competitive in the digital economy.
Go to source article: https://medium.com/nature-of-work/new-qoop-a-concept-for-accelerating-platform-cooperatives-9817cafb46d5#.lkknq3mx9