Gig workers will have a difficult time in the current credit evaluation methodologies. Their earnings are volatile.
Google has an online reputation evaluation and tracking system run within the boundary of services provided by “Alphabet”. Google is a Government sanctioned monopoly fused to the State.
All your online searches, social and professional collateral is within Google. With a small, almost unnoticeable permission, Google can access your credit card information, driving history, criminal convictions, IRS payment history, earnings history, payment history, rental/mortgage payments, travels and all those other small shards of a ‘person’. And your friends, and their friend, and their friends.
I know who you are by who you know and their credit scores and spending habits.
All this history can be scored and a score ranging from 100 to 1000, the higher the score, the more trustworthy a person is considered.
Users with a high score can book rooms, rent cars, borrow cash or otherwise use Google currency.
As we move quickly, and unfortunately, into a time at the end of paper money and into an entirely digital money world, does your bank care whether you make a payment or its Google paying on your behalf. Either Google settles in cash or Google’s unique currency. Google is AAA paper in the bond market.
Transformations need rules: Scoring
Any trust ranking algorithm will end up with correlations between friends’ reputation scores. The Google system will include mechanisms in order to prevent rings of scammers from transacting with each other or otherwise boosting each other’s rankings (ala the old PageRank system of backlinks). Correlations in friends’ trust scores are also a natural result of homophily, the tendency for like individuals to connect with each other, so the patterns will be there regardless of if you explicitly define them or not.
The End