ET Time Bank
If we are fortunate, we will all grow old. When that moment arrives, besides saving for retirement, saving friendships, and preserving our health, what else can we save? Through collaboration with ET Time Bank, UEC incorporates human services into technological management, allowing the current service contributions to be stored and withdrawn later. This integration also becomes a crucial component of the iSure AI Smart and Precise Care System. In the era of declining birth rates and tight service personnel, the earlier the implementation of a time bank, the sooner we can help ourselves and others.
Origin of ET Time Bank
Originating in 1980, the concept of time banking was introduced by Dr. Edgar S. Cahn. Time is envisioned as a new form of currency that can be saved and exchanged. People can convert the time they spend providing skills or services into time credits, depositing them into the intermediary institution of a time bank. Later, they can redeem these credits for the hours and services offered by others, embodying the forward-thinking idea of a shared society.
Through collaboration between UEC and ET Time Bank, selfless volunteer services provided without expecting returns can be converted into withdrawable time credits. This facilitates a cyclical utilization of these credits, promoting a shared and mutually prosperous social welfare network.
iSure Collaborates with ET Time Bank – Combining Philanthropic Ideals with Technological Realization!
Due to shared concerns and caring philosophies, iSure has found an opportunity for collaboration with ET Time Bank in the demonstration field of Penghu. Leveraging their respective potentials and characteristics, this partnership not only synergizes effectiveness but also demonstrates an integrated service system that uses technology to achieve philanthropy. Together, they aim to showcase a future society that is safe, supportive, and secure!
iSure Innovative Technology Collaborates with ET Time Bank
For iSure, the assistance of the AI smart socket has significantly reduced the issues faced by the elderly living alone. However, when abnormal deviations are detected and notifications are triggered, the last mile still requires human care to assist the elderly in resolving the situation. Hence, the collaboration with the ET Time Bank was born. This represents UEC’s commitment to public welfare, hoping to turn a new page in elderly care services through technology.
By adopting technology management techniques, the time currency of ET Time Bank, with each deposit and transfer record, is highly secure and reliable. The issuance of time currency is supervised by the government, making it a credible and trustworthy unit of measurement.
Through AI data management, the service hours can be monitored and calculated, ensuring precise calculation of 'deposits' and 'withdrawals' of time, thereby increasing the willingness to deposit.
The matched services focus on basic needs such as visits, companionship, and meal delivery. This can help address the shortage of on-site caregiving manpower, and in the future, redeeming corresponding services will be easier to match.
How to make use of ET Time Bank?
Facing the trends of aging and declining birth rates, elderly care will be a common reality in the future, and each one of us will be a part of this cycle: the current ‘volunteer side,’ ‘corporate side,’ and ‘public side’ will become the future ‘elderly side.’ The ‘elderly side’ and the ‘public side’ may receive contributions from the ‘corporate side’ and ‘volunteer side’ in a philanthropic cycle. What the ET Time Bank aims to do is to manage this cycle through technology, ensuring the secure recording of every deposited hour, making it possible to redeem needed services in the future.
Volunteer Side
Transforming unpaid volunteer services into redeemable time currency, benefiting both individuals and society, creating a cycle of love.
Corporate Side
Closely integrating with volunteer services, corporations can participate in the physical circulation and exchange of time currency or contribute to philanthropy through time currency, realizing ESG sustainable business goals.
Elderly Side
Time currency transcends geographical boundaries, allowing the elderly to receive services they need through the optimal use of the time bank.
Public Side
With over a million registered volunteers in the country, constructing a rigorous and trustworthy time bank platform to attract more people to join and make volunteer services a part of daily life.
Penghu Takes the Lead in Demonstrating the Dual Strength of iSure Demonstration Village + ET Time Bank!
iSure Caring Demonstration Sites__ In the Longxing Community, Qianliao, Huxi, and Erkan in Magong, connected with the Department of Information Management at National Penghu University of Science and Technology and the local residents of Penghu, obtaining more site feedback information. The comprehensive experience can be extended to other counties and cities.
ET Time Bank__ Demonstrated and promoted by the Penghu County Government, receiving positive feedback from social welfare organization workers and local residents. This establishes the experience and scale for further promotion, with the potential for direct adoption by government proposals in various counties and cities in the future.
