About bHive

About bHive 2018-02-19T05:18:38+00:00

What is bHive?

The bHive Cooperative is a community owned person-to-person sharing economy platform being developed for Bendigo by a team of five local entrepreneurs.
bHive is the future of work.

A World First

bHive is a world first, place based sharing economy cooperative, receiving global interest through the ‘Platform Cooperative’ network. bHive is featured in this infographic. bHive will be featured at the third Platform Cooperatives conference in New York in November 2017.

Why Now and Why Bendigo?

In 2013, the sharing economy globally was worth $13b, and by 2025 Forbes expects it to be worth $335b. That might be an underestimation. Uber and Airbnb are currently worth $90b and $75b as they spread through capital cities around the world. We believe that we have a three year window to establish an alternative here before these global platforms arrive in Bendigo by force. bHive will help Bendigo develop as a digital innovation hub. We can shape this economy locally, or have it happen to us.

In direct contrast to the Ubers and Airbnbs of the world who destroy local jobs, create precarious work and take profits and tax overseas, bHive is being built in Bendigo from the ground up. Bendigo people will build, operate and own the platform that will build over time to provides skill sharing, car sharing, lifts, food sharing, logistics, house sharing, crowdfunding, insurance and lots more.

The bHive Platform

  • The City Hive will enable the sharing of local events, create engaged citizens and develop applications for participatory democracy. It could also be the launch pad for local online news.
  • The Village Hive will build real relationships between neighbours and will enable the free or commons economy to flourish in Bendigo.
  • The Sharing Hive is the economic engine of bHive. It is the marketplace where local cooperatives are formed to deliver innovative peer to peer services in Bendigo across energy, money, transport, food, logistics and more economic sectors. Bendigo people will cooperatively build, operate and own these services.
  • The Giving Hive: a percentage of all spending in the Sharing Hive will to local charitable projects. This could help to fund the ecological restoration of Bendigo creek, local parks, bike infrastructure and more, especially to assist the welfare of Bendigo residents.

bHive Cooperative CoFounders and Directors

  • Julie Miller Markoff – Governance Guru
  • Ian McBurney – Cooperative Secretary
  • Bryley Savage – Strategic Communications
  • Marcus Turnbull – Technology
  • Clare Fountain – Business Development

More about the Founders here.

Tasks Completed

  • Team established
  • $30K in donations raised
  • Strategic plan created
  • Operations plan put in place
  • Cooperative entity established and registered

Next Steps

  • Raise $140K in grants/donations/philanthropy to build, test and launch first applications
  • Conduct $900K investment round to build and launch platform for 20,000 members

Ongoing Financials

$2.5b is spent in Bendigo annually and most of that leaves town. bHive is about keeping that money flowing here.

In ten years, with 20,000 members, bHive turnover will pass $10m/year, with an additional $2.5m/year raised for charity and $34m/year being generated by our member sharing services, creating local work, local income and local profit for thousands of local people. bHive is the future of work.

Open Source Future

The plan is that bHive starts in Bendigo and spreads to other places, but given the right support it could easily start in other places first. The future economy is decentralised and bHive will be as well. We plan to help other towns build their own coop to run their own bHives.

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