WishVast 101

WishVast 101 is an open dictionary to define all the terms unique to the entire WishVast venture. The goal is to create a common vocabulary and allow all people involved in the venture (over time) to minimize confusion and increase coherence when using certain key words and phrases. Please alphabetize this list, and follow the existing mechanics.

Actor, a humanized description of a node in a network (see: Node).

Centrality, the degree of measured structural importance within a network. The centralization of a network increases with the extent to which a network revolves around a single node.

Centralized Network, a specific high-level structure of the WishVast Network Management. In a centralized WishVast Network, all potential users connect to the one WishVast network.

Champion, an individual who strives to continually find new ways to add value to an organization and realize a more direct impact on strategic goals and the bottom line. A champion is a causal force delivering economic value to the organization and is the driver for properly applying the new technologies.

Closed Group, a group on the WishVast Network Management System that is closed to new users. The administrator of the group must approve of new membership.

Cooperativea jointly owned commercial enterprise, typically (within our particular context) organized by farmers or consumers that produces and distributes goods and services and is run for the benefit of its owners.

Decentralized Network, a specific high-level structure of the WishVast Network Management. In a decentralized WishVast Network, users are connected to a specific group and unique WishVast Network. For example, hundreds of decentralized WishVast networks can be operated independently by hundreds of organizations.

Economic Capital, any amount of wealth that is available to be used for the purposes of creating more wealth.

Economic Network, similar to one's social network. An economic network is specifically the people within one's social network who impact, or are directly impacted by one's business.

Economies of Scale, an economic term that refers to the reducing cost per unit as more items are produced. As the quantity of the product produced increases, the amount of capital can increase. With a greater amount of capital, the cost per unit of producing the product falls. In simpler terms, larger companies or organizations can produce a product at a lower cost per unit than smaller companies.

Information, defined as a collection of facts from which conclusions may be drawn. Information is a message received and a message understood.

Information Communication Technologies (ICT),term now widely used to cover all the computing and telecommunications in an organization. We are most concerned with mobile phones and carrier infrastructure.

Knowledge, expertise and skills acquired by a person through experience or education.

Knowledge Network, a particular type of social capital that an organization could be encouraged to use creatively to achieve its social and economic goals.

Law of One Price, an economic law that states that in an efficient market all identical goods must have only one price.

Microenterprise, a type of small business that is often unregistered and run by an individual with an economic disadvantage. Because microenterprises typically have no access to the commercial banking sector, they often rely on "microloans" or microcredit in order to be financed.

Microfinance, the provision of financial services to low-income clients, including consumers and the self-employed.

Node, an individual in a network, economic or social.

Open Group, a group on the WishVast Network Management System that is open to all new users. There is little to no overarching administration.

Short Messaging Service (SMS)a communications protocol allowing the interchange of short text messages between mobile telephone device.

Social Capital, represents the active connections between people; including trust, mutual understanding, shared values, and behaviors that bind together the members of groups, networks, and communities and make cooperation possible. It is a social structures that enables people to coordinate action to achieve desired goals.

Social Network, a social structure made of nodes (which are generally individuals or organizations) that are tied by one or more specific types of interdependency, such as values, visions, ideas, financial exchange, friendship, kinship, dislike, conflict or trade.

Strong-tie Relation, an individual's social network comprised of people whom the individual meets or does business with on a regular basis.

Sugar Cane, a juicy cane whose sap is a source of molasses and commercial sugar; fresh canes are sometimes chewed for the juice.

Transparency, implies openness, communication, and accountability. It is a metaphorical extension of the meaning a "transparent" object is one that can be seen through. Transparency is a key term when dealing with cooperatives, where a majority of the cooperative's information is not transparent to all members of the cooperative. A lack of transparency limits the ability to form trust, and increasing the transparency can alleviate doubt and misunderstanding.

Trust, the trait of believing in the honesty and reliability of others.

Weak-tie Relation, relationships that are responsible for the majority of the structure of social networks in society as well as the transmission of information through these networks. Close friends tend to move in the same circles that we do, the information they receive overlaps considerably with what we already know. Acquaintances, by contrast, know people that we do not, and thus receive more novel information.

"Who you know" Network, an individual's social network comprised of people whom the individual meets or does business with on a regular basis (see: Strong-tie Relation).

WishVast Point, a rating, similar to eBay feedback, determined by the experience a WishVast user has while exchanging goods and services with another individual. Points are managed on the WishVast Network Management System and are easily viewed by other users of WishVast. The goal of accumulating WishVast points is to develop a positive reputation that is portable across current geographic, economic, social, or cultural boundaries.