We published the presentation “Wisdom Networks crowd create the Network Society” on slideshare. We have, finally, a good presentation that may communicate the concept of Wisdom Networks and enabling the Network Society. We will be releasing smaller presentations on other applications of Wisdom Networks.…
NYSE Euronext (NYX) has taken the initiative and established a startup to create a transparent European equity market to support SME’s. The initiative also aims make an active contribution to countries and support individual government initiatives.
NYSE Euronext launches the SME marketplace
NYSE Euronext launches the SME marketplace
by NYSE Euronext News Release, 30th April 2013
Extract
“Aware of the challenges facing businesses in search of funding, NYSE Euronext (NYX) is beefing up its strategy and resources for small and medium-sized companies (SMEs) by launching a subsidiary dedicated to these businesses on 23 May 2013.”
The project was developed in conjunction with market participants and is a key component of a dynamic financing framework designed especially for SMEs.…
Crowdfunding accessibility brings with it an unacceptable level of transparency, accessibility and governance. The problem is the crowdfunding platforms have provided limited, or missing, functionality that could also alleviate this problem. The solution is to require crowdfunded companies to achieve crowdgovernance, crowdtransparency, and crowdaccountability.
Internet of Everything: It’s the Connections that Matter #IoE [Infographic]
by Dave Evans, Chief Futurist, Innovations Practice, Internet Business Solutions Group, Cisco, November 29, 2012
Extract:
“It is important to understand that the real value of the Internet of Everything (IoE) lies in both the number and value of connections.”
“With this in mind, Cisco is currently determining the value that comes from a more connected economy.…
My recent entry in the Beyond Bureaucracy Challenge
Part 2 of the McKinsey HBR M-Prize is called the The Beyond Bureaucracy Challenge. I have lodged a entry The Management 3.0 “Central Brain” platform enables integrated Digital Ecosystems spanning organisations, industry, national and global endeavours.…
A social network could provide a "helicopter view" to understand and a "central brain" to focus a country's innovation ecosystem on outcomes. It is today's solution for yesterday's problem. Specifically, Equity Market 4.0 could be used to connect and coordinate a community with a common interest in managing an innovation ecosystem and maintain diversity that may be lost with centralisation. The community would need to be large enough and dispersed enough to warrant the use of a Web 3.0 network. Equity Market 3.0 could be delivered within 5 days and customised for use with 30-90 days. It could be used by a country, group of universities, industry associations, research organisations and their partners or globally.
An Equity Market 3.0 strategy is better, cheaper and faster than industry consolidation and could be delivered in five days and publicly available in 90. Stock exchanges are the ideal place to engineer and inspire the use of Equity Market 3.0 for national and international benefits.…
Your TED presentation on prioritising the solutions to global priorities was insightful. Innovation is incremental and I wanted to offer Web 3.0 networks as a structure that overcomes the design limitations of Web 1.0 to deliver a more effective means to prioritise and implement solutions to the many problems confronting our world.…
This is my second application in the M-Prize competition. The first was for Equity Market 3.0. My Economic Development 4.0 M-Prize application can be reviewed here.
The M-Prize
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In the first leg of the Harvard Business Review-McKinsey M-Prize for Management Innovation, we’re inviting management innovators from around the world, in every realm of endeavor to share the most progressive practices and disruptive ideas that illustrate how the governing principles and tools of the Web can make our organizations more adaptable, innovative, inspiring, and accountable.…
I read with interest about the objective of Google.org below:
“Google.org projects are created for the purpose of addressing a social challenge and serving the public good. Our goal is to find engineering solutions to global challenges such as climate change, clean energy and global health.…
Mr George Soros
Chairman, Open Society Institute
I read with interest about your initiative to inspire a new way of thinking about economics. I studied Economics at University and maintain an avid interests in geostrategy. I appreciate the need for new ways of thinking and behaviours to deliver a more stable approach to economic management and financial markets.…
I am reading the book “Wisdom of Crowds by James Surowiecki“. Equity Market 3.0 and Economic Development 4.0 aim to create global Web 3.0 networks that aggregate communities of common interest to focus effort and make collective decisions using the Wisdom of Crowds.…
Dear Sir Branson
I read with interest about your initiative to Change the face of banking. There is also an enormous opportunity in re-casting the equity market, or investment banking industry, by applying social networking concepts to recast service delivery through the internet.…
Dear Chris
TED is an inspiration. The journey of an entrepreneur is lonely and TED has provided inspiration, energy and a feeling that I was not alone. I have derived much from the TED community and I would like to share four ideas with the TED community – Equity Market 3.0, Economic Development 4.0, the Critical Path and UNITED (International Governance 4.0) (to deliver “Ideas worth creating”).…
The current global financial turmoil will transform the world's financial markets. Inevitable changes will no longer be delayed and will be implemented with increasing urgency in an overdue restructure of financial markets. The traditional stock exchange will no longer be sheltered from their obsolescence by increasing trading volumes, cost cutting or preferential treatment from local regulators. This article introduces the Web 3.0 stock exchange.
We need to build the Web 3.0 online social, industry and political networks on the critical path to Web 4.0 and pull in the next stage of financial markets, economic development, environmental sustainability, awareness, life, work and global governance. We need five online networks to solve the worlds problems by 2012 or we decline into conflict for generations. A global community could transform the world in 365 days by building the Web 3.0 online networks on the critical path to Web 4.0.
Regulated capitalism is the last man standing. We have no choice but to make it work. We must, however, acknowledge that regulated capitalism has failed its citizens comprehensively. The failure of regulated capitalism is equal to the collapse of central planning. The communists recognised their system had failed and chose to implement something else. Will capitalists do the same? Or will we try to save the status quo at any price? Will bailouts move on to other "too big too let fail" activities that prevent the operation of creative destruction?
I just lodged five applications to the Knight Foundation's News Challenge. My applications can be reviewed here. An overview of the Knight Foundation is provided below. A summary of my applications are available below.
Web 1.0 delivered the internet and connected large numbers of people. Web 2.0 demonstrated the technology to assemble and manage large global crowds with a common interest in social interaction. Web 3.0 will apply online network concepts to industry, economic development, climate stability, poverty and democracy. Web 3.0 online networks allow people to see through the community or market and facilitate collective matching, learning and consumption in hours (not months). Web 4.0 achieves a critical mass of participation in online networks that deliver global transparency, governance, distribution, participation, collaboration in key industry, political, social and other community endeavours. Web 4.0 delivers community sovereignty to channels and information.
The United States government could make a profit on its "bailout". Bailout is an emotive term that is popular in an environment of fear and uncertainty. The primary fear being that the funds will simply replace losses in financial institutions and be government expenditure. The US government would be buying residential mortgages with an exposure to residential property prices that have a recoverable value in the future. Residential mortgages are a safe and predictable asset class (as a portfolio). The US government could make a profit - it depends on three things.
Poverty is a complex issue. Poverty is a complex issue. It has a wide variety of causes that include trade, HIV/AIDS, unserviceable debt, investment capital allocation and immigration laws. Many efforts to change the situation rely upon influencing or changing opaque channels. This has proven to be ineffective. The Millennium Goals could be achieved if we act now. However, these goals won't be achieved if we continue to try to influence Web 1.0 opaque channels. We need to transcend "opaque channels" by applying the key elements of a Web 3.0 online network to create online communities that focus and coordinate collective energy.
The US system has collapsed. Failed financial firms are trying to convince the government to invest in them. The selling proposition? - "too big to let fail!" Understandably, the US congress are making further enquiries before writing a cheque for US$800 billion dollars. The US already terminally insolvent - even with unprecedented growth it can not repay its debts. Another US$800 billion won't push it over the edge. It passed the edge a while back. A private receivership committee may have been formed in international markets. It will operate in "opaque channels". A private online political network would be essential coordinate timely international activities amongst US creditors. The aspirations of the average American remain the same. They can be sold a "story" by mainstream media that permits further avoidance of debt repayments or justifies activities that acquire international "leverage". An E-democracy online network and/or a US insolvency online network could be used to inform the US public. Maybe, they will assume responsibility, or maybe they would prefer not to know.
The primary ego on the world stage today is the US - its excessive consumption, insolvency, military aggression and use of 60% of the world's savings make it the world's most gluttonous consumer. Its military acquisition of the worlds resources may be the greatest strategic move in history. It provides resources to pay back unserviceable debts and leverage other countries on the global stage. However, the destruction of relationships in the process will crowd out an opportunity to deliver a sustainable future for the planet. Unrelenting ego by the US may win the resource wars, but the destruction of global relationships in the process sacrifice the opportunity for a sustainable future. An online network may not save the world, but could a collective conscious network.
We need to deploy five online political, industrial and social networks to avert disaster by 2012. Existing structures that rely on proprietary ownership of information, distribution channels, institutions and regional approaches are unable to solve our most pressing problems. Even if they could solve the problems, they are simply unable to coordinate a global endeavour in a rapidly closing timeframe. I had previously written that online networks could be delayed for up to 50 years by three epic battles. In some aspects of our global community, we can wait 50 years (and there is only an opportunity cost). However, for some specific problems, online networks need to be built, acquire a significant audience, and achieve their objective by 2012.
Recent market turmoil is likely to eliminate the growth on stock exchange trading volumes. This growth had driven the growing revenue of stock exchanges in the last five years. Cost cutting has also contributed significantly to profitability. With growth unlikely and further opportunities for cost reduction minimal, stock exchanges will now seriously consider other strategic initiatives. Collaborative hubs are likely to be at the top of the list.
At its simplest, the business of stock exchanges is the matching of buyers and sellers of quantities of shares. At its more complex are important functions of settlement and custody. The industry could, however, run on a single computer anywhere in the world and offers a very narrow niche of functionality for the equity market. Most of the stock exchange infrastructure in the world is obsolete. It could also be suggested that much of the software that runs enterprises is also obsolete. If the software is not obsolete, it could be replaced or rebuilt at a fraction of the cost. Stock exchange consolidation may just combine redundant technology, declining customers bases and a redundant business model. This legacy may prevent new initiatives to provide greater access to the equity market for smaller companies. We may have a larger organisation with the same redundant business model with limited access to a niche of potential market participants. Will this new organisation provide greater access to capital markets for all market participants?
Grant Thornton conducts an annual review of global growth markets. The report confirms a number of key trends. Capital markets are becoming more global and less regional, financial centres and specialising and certain stock exchanges are growing strongly. The most popular growth exhanges are in UK (AIM), Singapore, Hong Kong and Canada. Companies are becoming increasingly comfortable listing on foreign exchanges. This is contributing the the rise of specialist financial centres and global growth stock exchanges. The internet provides investors with transparency and direct access to information. Many stock exchanges and their closed information networks will struggle to find a niche in a globally connected world and free flow of information. Globally distributed online networks are likely to support growth companies and growth exchanges. Online networks will deliver the international companies, advisers and investors necessary to deliver liquidity to small exchanges that have been historically restricted to local business.