Industry Body Convenor Model

The current (but not the only possible) ecosystem model for Co-op Creds is what we’re calling the Industry Body Convenor Model (IBCM).


The IBCM involves the establishment of a co-operative industry body as both the issuer and verifier of the Co-operative Credential, supported by a technology provider such as The maintenance costs of the co-operative credential would be distributed between the co-operatives participating in the system, contributed in the form of money and labour via the technology provider.


In this model the technology provider and industry body is financially supported by the participating co-operatives. The amount would be relative to the number of co-operatives involved and the ability of both to secure other funding. This is a depiction of how money flows relative to the value being provided.