Abstract: A system and method of generating and sharing virtual business cards. A physical business card is inputted into the system which identifies text and design elements. The physical business card is reproduced as a virtual digital business card by converting printed text on the scanned business card into editable text fields, and converting printed design elements into editable digital design elements. The text and associated design elements are then stored according to certain preset criteria and contact details from the text are populated into a contacts database. A user can share a virtual business card with one or more recipients. If accepted, the shared virtual business card populates contact details from the card into a contacts database of the recipient. Moreover, the virtual business card is updated for each recipient when changes are made to the virtual business card by an authorized entity.