Hub Culture

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Hub Culture Ltd.
Hc-front.gif
Type of business Private
Type of site
Social network service
Available in English (UK), English (US)
Founded Hong Kong, China
(November, 2002)
Headquarters Hamilton, Bermuda
Key people Stan Stalnaker, founder and creative director
Tina Frank, Chairman, Board of Directors
Meg Thomson, Executive Producer
Edie Lush, Executive Editor
Jeffery Leung, Commodities Director
Mark Hamilton, Development Director
Website www.hubculture.com
Alexa rank Negative increase 311,788 (April 2014)[1]
Registration Required
Launched November 2002

Founded in 2002, Hub Culture is an invitation-led social network service that operates the global digital currency Ven.

History[edit]

In November 2002,[citation needed] Hub Culture was founded by Stan Stalnaker. It was named his book Hub Culture: The Next Wave of Urban Consumers published in the same year.[2]

In 2006 and 2008, United Kingdom operations where incorporated, Hub Culture Services and Hub Culture Pavilions, respectively.[3][4]

As of March 2017, Hub Culture lists over 25,000 members and has exchanged over 500 million units of its virtual currency, Ven.[5][6][7]

Organisation[edit]

The Hub Culture group of companies is privately held with offices in Bermuda, Hong Kong, United Kingdom and the United States.[8]

Reception[edit]

According to David Report, it is "the first to merge online and physical world environments."[9]

Projects[edit]

The Hub Culture runs its main social media website. It also provides websites and application technologies based HubID and Ven.

Hub Culture website[edit]

Members can create profiles with tags tied to areas of expertise, share information to help others in the network. The focus is on business related activities. Members may build working groups to manage collaborative projects with wikis, file sharing, discussions and event planning. They can exchange virtual currency to acknowledge benefits that come from the sharing of information.[citation needed]

Ven Currency[edit]

Launched in 2007, Ven is a Digital currency used by members of Hub Culture to buy, share and trade knowledge, goods and services. Anyone in the network and can use Ven at any 'Pavilion' or used for micropayments online.[10] The value of Ven is determined on the financial markets from a basket of currencies, commodities and carbon futures. It trades against other major currencies at floating exchange rates. Global pricing for Ven is provided by Thomson Reuters.[11]

Pavilions[edit]

In 2008, Hub Culture established its first 'Pavilions', coworking spaces in cities that offer concierge and consulting services, meeting space, on an internet enabled technology platform. Pavilions may be either temporary and permanent. They have been opened in Beijing, Bermuda, Cannes, Cancún, Copenhagen, Davos, Ho Chi Minh City, Ibiza, London, Los Angeles, New York City, Marrakech, Miami, Paris, Rio de Janeiro, Sacramento, St. Moritz and Venice. Among these locations, in December 2009 was a Pavilion in Copenhagen to coincide with COP15, a beachfront location in Cancún to coincide with COP16,[9][6][12] and a guest house location in Durban for COP17.

Between 2009 and 2017 temporary Pavilions opened in Davos, Switzerland during the World Economic Forum Annual Meeting. "Hub Maison" arrived in New York City for New York Fashion Week in its first fashion oriented collaboration with Sportmax. The New York Pavilion became the first Pavilion to offer contemporary retail fashion selections for sale in digital currency. In May 2010, Hub Culture opened the Cannes Clubhouse, a venue tied to the 63rd Cannes Film Festival in collaboration with Grey Goose. A private island in Croatia and Bali villa[13] project also use Ven as a means of exchange. The 2011 Davos Pavilion made history with the first vehicles available for sale in Ven, with the all-electric Nissan LEAF on offer.[14] In 2012, portions of the Davos Pavilion became the first in Europe to be powered by zero-emission energy from the Nissan Leaf using the Leaf-to-Home energy system.[15]

In January 2014, The Hub Culture Innovation Campus and Beach Club in Bermuda featured expanded HubID. It included objects and entities,[clarification needed] allowing members to store Ven (currency) in company and object accounts representing digital personas, vehicles, surfboards, bicycles and other inanimate objects.[citation needed]

In the summer of 2017, during the 35th America's Cup Hub Culture opened its first Innovation Campus and Beach Club at Ariel Sands in Bermuda. The beach club is integrated with Ven currency and Zeke. The campus features integration of artificial intelligence, digital currency, digital identity and blockchain auditing in a retail environment.[16]

HubID[edit]

In January 2014, Hub Culture announced HubID an open source digital identity system based on MIT Media Lab open source technology that extends data ownership around identity to the individual user.[17]

Zeke[edit]

Zeke is an artificial intelligence project led by Hub Culture. It uses an Ethereum blockchain to store and reference unstructured data and is being used to execute tasks for members. In January 2017, Hub Culture announced the first tasks to be completed by Zeke, including the world's first AI to AI focused event, at the Hub Culture Innovation Campus in Bermuda.[18]

References[edit]

  1. ^ "Hubculture.com Site Info". Alexa Internet. Retrieved 2014-04-01.
  2. ^ https://observer.com/2002/12/two-paths-diverged-in-a-woodone-is-boobytrapped-for-sure/
  3. ^ https://beta.companieshouse.gov.uk/company/06015460
  4. ^ https://beta.companieshouse.gov.uk/company/06702150
  5. ^ "The dollar alternatives". CNN. 2010-07-21.
  6. ^ a b Oppenheim, Leonora. (2009-05-12). "Hub Culture Creates Conscious Collaboration + Innovation Factory in London". TreeHugger. Retrieved 2009-07-28.
  7. ^ Roth, Daniel (2010-02-22). "The Future of Money: It's Flexible, Frictionless and (Almost) Free". wired.com. Retrieved 6 March 2010.
  8. ^ https://hubculture.com/hubs/hub/projects/213/wiki/
  9. ^ a b Dryza, Kristina. (2009-06-03). "Hub Culture: For those who see the world on a global basis". DavidReport. Retrieved 2009-07-28.
  10. ^ Jordan, Andy (2009-09-09). "Wall street journal blog article about Ven". Blogs.wsj.com. Retrieved 2012-02-07.
  11. ^ "Ven digital currency to be displayed on Thomson Reuters terminal network". Finextra. Retrieved 2012-02-07.
  12. ^ "Global Biz Network with Workspaces for Members". 2009-06-02. Retrieved 2009-07-28.
  13. ^ http://infossible.com/2015/11/13/bali-secret-luxurious-private-stay-at-bali-villa/
  14. ^ "Video - Social Networking at the World Economic Forum - WSJ.com". Online.wsj.com. Retrieved 2012-02-07.
  15. ^ "Renault-Nissan Alliance Electrifies the Alps". Wallstreet-online.de. 2012-01-19. Retrieved 2012-02-07.. The same year Hub Culture renovated a favela slum into a beach house in Leblon, Rio de Janeiro for the UN Rio+20 event, and completed temporary Pavilion projects in Ho Chi Minh City and Beijing. In 2014, the first Hub Culture Camp opened at Burning Man in Black Rock City with an educational focus on animal rights.
  16. ^ "Hub of Global Influence - On a Beach". royalgazette.bm. 2017-06-29. Retrieved 2017-07-09.,
  17. ^ "Explaining Hub Culture and Ven". idcubed.org. Retrieved 2014-09-04.
  18. ^ "Zeke: The Future of AI and Ethereum". ethnews.org. Retrieved 2017-03-03.

External links[edit]