‘Bliive‘ is a Brazil-based website that brands itself as the world’s largest online time-exchange platform, based upon the concept of the sharing economy. Its users trade services, including guitar lessons, air conditioner repairs and tarot card readings, without any cash or credit card transactions. Instead, for each hour of service provided, the user receives Time Money, with which they can buy another service. Each person offers their help in one-hour chunks, and people who have “exchanged” Time Money can rate and review the quality of the service provided. The website has helped exchange more than £2m worth of services and all of this has occurred in a legally tax-free manner, as authorities cannot tax the barter economy.

There is a gap in the market for a website with similar foundations to ‘Bliive’ in UK today. While currently the website is free for regular users. I believe money could be made by anyone who wished to recreate a similar kind of bartering platform, by selling advertising or launching a paid service for corporate clients.