NEMs is new technology for selling small amounts of time

These are hugely complex transactions. But they can now be made effortless, ultra-low overhead and consistently safe. That takes much more sophisticated technology than Internet marketplaces based on bulletin boards or auctions require.

Each marketplace for small amounts of time must absorb issues including availability, contactability, reliability, price construction, potential agency involvement, protection of all parties, legal compliance, alignment of localised supply/demand, post transaction administration and restructuring of failed transactions.

NEMs does all of this. It is only now economically viable to apply the very sophisticated processing required to such low value transactions. These markets can stand alone as a purely commercial operation. But government can do much to seed this kind of economic activity and create a legal framework that enables its full potential.

How we sell our time is a fundamental building block of developed economies. This site is an introduction to what NEMs can do. It also looks at why government needs this way of time selling to become routine.



This web site is in two sections:

NEMs and local government

NEMs and national government


© Guaranteed Markets Ltd (UK) 2005. Some of the technology disclosed is patent pending. "NEMs" and the chained faces logo are trademarks used with permission. All rights reserved.