• 2010

Company Description

AroundWire is an online community that enables members to conduct transactions and share information through their personal networks.

AroundWire is the world's first social exchange. A social exchange is an online community built upon trust that enables members, through their personal networks, to conduct transactions and share information. Based on the Social Exchange Theory and research indicating that people prefer to conduct business through others they personally know, AroundWire makes any activity possible by enabling its members to harness the power of their relationships. Whether it is selling an old sofa or offering one's services, the website can facilitate the transaction and assist in the transfer of funds. To establish trust and safety, AroundWire makes sure that members are who they say they are and employs reputational metrics that allow members to evaluate others based on the quality of their previous interactions.