Social media bank

From Wikipedia, the free encyclopedia

A social Media Bank is a professional organization that holds the customer's personal information in trust. Once they confirm their details through a verification process they are able to communicate with other people, groups and organizations privately through the system. The customer's information is managed and protected similar to how a bank manages your money. Customers have complete control and decide at all times how their information is managed and who has access to what details.

The purpose is to create a way for people to become more active in the communities they live and work in while retaining complete privacy.

Previously the problem with such a system is that privacy meant no-one knowing the identification of the parties; therefore losing some if not all of the validity of the opinions. The Social Media Bank approach allows a non-partial third party to manage the identification and confirm the validity of their opinion based on the customer’s details. Details could include belonging to certain communities (country, province/state, municipality, neighborhood or group/organization), age, gender etc.