Economic Development 4.0

ECONOMIC DEVELOPMENT 4.0

I can provide a 5 day ‘Central Brain’ template (Lightning Strike) that delivers an Equity Market 3.0 or Economic Development 4.0 network to a partner for customisation and launch within 90 days.

What is Economic development 4.0

Web 3.0 and Web 4.0 are simply the next stages of the information revolution. These two stages present the community the opportunity to revolutionise financial markets and economic development.

According to Wikipedia, “Economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants. Public policy generally aims at continuous and sustained economic growth and expansion of national economies so that ‘developing countries’ become ‘developed countries’. The economic development process supposes that legal and institutional adjustments are made to give incentives for innovation and for investments so as to develop an efficient production and distribution system for goods and service.”

Economic Development 4.0 is the next stage of economic development. It integrates a critical mass of Web 3.0 social, industrial and political networks. Web 3.0 networks offer the community unprecedented access, innovation, investment, transparency, information distribution (Web 1.0), community participation (Web 2.0), improved collaboration (Web 3.0) and more effective prioritisation of community outcomes. The community can accelerate our evolution toward the next stage of economic development by deploying Web 3.0 networks which complement or replace hierarchies in social, industrial and political endeavors.

Convention dictates that the hierarchy is the best way to organize and private ownership of community information and distribution channels is necessary to encourage investment and innovation. The resulting Web 1.0 structures are opaque, accessible only to Tier 1 members of the community and have resulted in outcomes which have compromised some broader community objectives.

Web 3.0 present new structures to drive economic development without the necessity to grant the private sector ownership rights to encourage innovation and investment.

The critical path to Web 4.0

According to (some of) the worlds scientists, humanity has a 50% chance of surviving beyond 2100. What proportion of the 50% is caused by opaque Web 1.0 channels? Can our chance of survival be increased with greater transparency, accessibility, productivity and improved resource alloocation of Web 3.0 networks?

We need to build the Web 3.0 online social, political and industrial networks on the path to Web 4.0 and pull in the next stage of economic development, environmental sustainability, awareness, life, work and global governance. The global integration of these Web 3.0 online may be considered Web 4.0.

I plan to deliver selected “Lightning Strikes” on the critical path to Economic Development 4.0

Web 3.0 networks are simply a global software update to a better social, political and industrial structure. The basic principles of Web 3.0 networks apply to all human endeavours. The collaborative function of a Web 3.0 network simply involves tagging people and content within a specific community of common interest in a web based content management system. I have completed some initial work toward 5 day “Lightning Strikes” to ignite networks in the Equity Market, eDemocracy, eHealth (including the health record) and a National Application Network.

Some screenshots of Web 3.0 networks on the critical path to Web 4.0 – click to enlarge!

• Education 1.0 churns out predictable, testable, and mediocre factory workers … Education 3.0 fulfils dreams!

  I just received an email by a friend telling me about the latest Seth Godin blog post and initiatve. I have a passionate interest in applying Web 3.0 to fields of human endeavour. Seth's email and initiative highlights the possibilites of applying Web 3.0 to education. I enjoyed two elements of the mainfesto. This is an important contribution to Education 3.0 in knowledge and using social networks to effect change. A shared idea has a far greater chance of adoption and our education system needs to change. It might take 90 days to create a Education 3.0 prototype which combined community, content and collaboration in the cloud for a specific ... Read more

• Management 3.0 in 2012? Will the technology-business relationship be inverted? Will technology define business?

  For decades, enterprise software has been designed to support business processes. These business processes were defined by the organisation. The organisation's management model was based on the Web 1.0 proprietary hierarchy. As we have described many times before, the world is in transition from Web 1.0 proprietary hierarchies to Web 3.0 open networks. The following article published today suggests that 2012 will be THE transition year. Extract: ICT 2012 outlook – The end of business as we know it!, The Rust Report, January 23, 2012 According to Andrew Milroy, Vice President ICT Research Frost & Sullivan in 2012, we will witness the end of business as we know it. The relationship between ... Read more

• Government wants laws to protect Web 1.0 proprietary hierarchies (SOPA/PIPA) … outlawing the steam engine to protect canals … community wants to protect Web 3.0 Open Networks and Economic Development

  The SOPA (Stop Online Piracy Act) and PIPA (Protect Intellectual Property Act) laws could go beyond an ineffective attempt to protect intellectual property and be applied to undermine the open community network (ie internet) that will be the foundation for economic development, productivity, transparency and meritocracy for the next generation. A global protest has emerged against these new laws. PROTECT IP / SOPA Breaks The Internet from Fight for the Future on Vimeo. The Electronic Frontier Foundation has written an excellent article titled How PIPA and SOPA Violate White House Principles Supporting Free Speech and Innovation that provides a detailed overview of the stated and potential applications of the legislation. Wikipedia Extract SOPA ... Read more

• Management 3.0 Digital Ecosystem: New presentation and collaboration group!

  I have just published a new presentation at :slideshare: titled "MANAGEMENT 3.0: An open source software update to digital, community ecosystems (from analogue, proprietary hierarchies) across organisation, industry, national and global endeavours". I have also establish the Management 3.0 group to provide an example of organisational sub-groups. Please register and join the Management 3.0 public group to discuss, contribute and collaborate. :slideshare_m3_large: This is part of the Beyond Bureaucracy Challenge.

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• Health 3.0 (National) Digital Ecosystem: New presentation and collaboration group!

  I have just published a new presentation at :slideshare: titled "Health 3.0 (National): A cloud-based Central Brain to enable Management 3.0 within a National health system ... including industry and medical record collaboration". I have also establish the Health 3.0 (national) public group. Please register and join the Health 3.0 (National) public group to discuss, contribute and collaborate. :slideshare_hi3_large:

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• Beyond Bureaucracy: Management 3.0 “Central Brain” platform enables integrated Digital Ecosystems spanning organisations, industry, nations and global endeavours

  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. Please read, comment and rate the entry here. This entry was created in December 2011. The current version of this document will be maintained at this page on my blog. Background: Part 1 of the M-Prize 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 ... Read more

• PWC: Collaborative Digital Enterprise (CDE) business and industry model will emerge as a template for success over next 5 years

  I reviewed the Global entertainment and media outlook: 2011-2015. It states that over the next five years, successful enterprises will become an "interconnected collaborative digital ecosystem" with technology becoming the enterprise and facilitating collaboration across the industry. Technology ceases to be a isolated enabling element. Technology defines collaboration across the enterprise and industry. The :centralbrain: is an enterprise or industry platform. Examples of industry platforms are available at :em4: and :ed4:. I offered an initial overview of the :centralbrain: as an enterprise platform in my Management 3.0 M-Prize application. I need to provide a clearer explanation on Management 3.0 in greater detail and will do that in the next few weeks. I ... Read more

• Could Google+ be the foundation for Economic Development 4.0?

  A member of my Google+ circles asked me the following question: Marcus, I was reading much of your website and your theory on Web 4.0. In the last week, I've said that once Google integrates all of it's entire App products (Business+Education),Gmail, Google Docs, etc into Google+, it will set the foundation for Web 4.0. I feel that G+ isn't going to be a social network, but will actually bring about another Web reformation (Web 4.0). When I came across your website today, it surprised me at how much your theory and your supporting graphic supported my belief. Do you also see that in Google Plus? I thought I would share my ... Read more

• UN call for revolutionary thinking and action to ensure an economic model for survival… How to make this happen?

  I stumbled across the following LinkedIn discussion. UN call for revolutionary thinking and action to ensure an economic model for survival... How to make this happen? Extract: Warning for global suicide and time running out, Ban ki-moon called last Friday at Davos for revolutionary thinking and action to ensure an economic model for survival. What is needed to take a global interconnected perspective on the issues and threats our planet is facing and start action? How can this gain traction and produce the desired effect? “To make it happen we have to be prepared to make major changes – in our lifestyles, our economic models, our social organization, and our political life. We have ... Read more

• Australia 4.0: The NBN needs a National Application Network (Web 3.0 social, political and industrial “Central Brains”) to coordinate and achieve national innovation, collaboration, productivity and outcomes

  NOTE: I posted this article in the LinkedIn NBN Group. I have added it here as a post. If you could create a “Central Brain” (or Facebook) in 5 days to focus the effort and wisdom of 2 Billion people, what problem would you solve? What social, industrial or political endeavour would you transform? Australia's National Broadband Network (NBN) will connect 20m people in a faster network. The NBN appears to rely on a "build it and they (ie benefits) will come" approach. Australia needs a complementary and proactive National Application Network (NAN) strategy to reconfigure what we do and how we do it for national benefit. We should reconfigure our community ... Read more

• I submitted three McKinsey-HBR M-Prize competition “Hacks” today … it’s an open innovation project to reinvent management!

  I have submitted three 'Hacks' to the McKinsey-HBR M-Prize today: :listbegin: Management 3.0: The Web 3.0 "Central Brain" to coordinate innovation, collaboration, workflow and outcomes across industry and across the world Economic Development 4.0: A 'Central Brain' to organise community innovation, collaboration, wisdom and effort to prioritise and achieve global outcomes Equity Market 4.0: A 'Central Brain' to organise community innovation, collaboration, wisdom and effort to achieve a global capital market :listend: You can review them by clicking here or one of the links above. I would welcome your contribution About MIX (Management Innovation Exchange) Extract: What is the MIX? An open innovation project... The Management Innovation eXchange (MIX) is an open innovation project aimed at reinventing management for the 21st ... Read more

• Every country and innovation ecosystem needs a “Central Brain” to coordinate innovation, collaboration, workflow and valuable outcomes

  I have been thinking about the problem Equity Market 3.0 is trying to solve.  One problem was identified by a recent Review of Australia's Innovation system concerning national innovation. I have extracted some of the report which outlines the problem. In considering any governance framework it is important to note that: The innovation agenda does and must touch on the whole range of government concerns and cuts across bureaucratic silos. This invites, and indeed requires, a ‘whole of government’ approach and framework. Specialised roles and functions within the innovation system need to be counterbalanced by the capability to take a helicopter view, and to address and resource cross-cutting, platform issues. To date it has been ... Read more

• Who spawns and cradles Economic Development 4.0? The Earth Institute is a good candidate and catalyst …

  Quick summary of :ed4: (The :ed4: presentation is embedded at the end of this post) :listbegin: :ed4: is how the world works after applying :w3: (or Facebook) networks to social, industrial and political endeavours :w3: person to person networks overcome the design limitations of :w1: hierarchies to deliver global transparency, meritocracy, productivity, accessibility and better decision making We can create the Web 3.0 networks on the :criticalpath: to :ed4: in 90 days. We will need the world's entrepreneurs, philanthropists and statesmen to engineer and inspire their use One global :w4: network can replace local :w1: hierarchies. Examples include :edemocracy:, fueling the growth of SME’s with :em3:, :c3:, :united: and :hi3:. Other potential :w4: networks include ... Read more

• Why Open Letters? They explain the role of each person on the critical path so the crowd can assess merit, arrange contact or replace

  Open letters are a crued Web 3.0 network in a world that does not have Web 3.0 networks. A Web 3.0 network allows a person to see through a community to see the value of a connection before they connect. The tags would identify (1) who they are, and (2) what they want to do. It is my objective to create :em3: and :ed4:. In Web 3.0, I would search for organisation and people with specific tags that indicate they can and are likely to want to build :em3: or :ed4:. I would spend an afternoon searching for the right people with tags, share my ideas collectively, ask the ... Read more

• Open letter to Stock Exchanges: Equity Market 3.0 is better, faster and cheaper than mergers

  I am writing to you to offer a "turnkey" :em3: network as a potential strategy. An :em3: 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 :em3: for national and international benefits. This article discusses: :listbegin: the reasons driving the accelerating wave of Stock Exchange mergers or industry consolidation how an :em3: strategy achieves all the benefits of stock exchange consolidation at a fraction of the cost in a fraction of the time how an :em3: strategy simply returns the stock exchange to its roots in "Exchange Alley" as a ... Read more

• Open Letter to Bjorn Lomborg: Web 3.0 networks overcome Web 1.0 limitations to prioritise and implement global solutions

  Your :ted: presentation on prioritising the solutions to global priorities was insightful. Innovation is incremental and I wanted to offer :w3: networks as a structure that overcomes the design limitations of :w1: to deliver a more effective means to prioritise and implement solutions to the many problems confronting our world. :w3: networks are a disruptive design that overcome the limitations of Web 1.0 The Web 3.0 network “Design” applies Web 3.0 principles to all social, industrial and political endeavours to create Web 3.0 networks or structures using a cloud-based open source content management system to tag and link the people and content within a community of common interest to facilitate information distribution, ... Read more

• My 2nd HBR-McKinsey M-Prize Application for Economic Development 4.0

  This is my second application in the M-Prize competition. The first was for :em3:. My :ed4: M-Prize application can be reviewed here. The M-Prize 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. Do you have an instructive case study (a Story) or an experimental design (a Hack) that demonstrates how Web 2.0 values (including transparency, collaboration, ... Read more

• Open letter to Google.org and its volunteers: Please help engineer global SME growth (equitymarket.org), climate stability, health and Economic Development 4.0!

  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. We focus on activities that take full advantage of Google’s engineering teams, global infrastructure and user-driven approach, while drawing on Google’s ability to innovate and scale. The purpose of this letter is to introduce three opportunities to engineer a :w3: networks that provide solutions to specific global challenges. The :w3: networks that may interest :googleorg: or its volunteers are: :listbegin: :united: is :w3: community to engineer global ... Read more

• Open Letter to George Soros: Web 3.0 thinking about democracy, economic development and financial markets (equitymarket.gs)

  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. The purpose of this letter is to introduce three :w3: networks that encourage different modes of thinking and behaviour in democracy, financial markets and economic development: :listbegin: :edemocracy: (nationally) and :united: (internationally) to provide a new, community driven approach to democracy and global governance. This approach may be consistent with the objectives of the Open Society Foundations. :ed4:: ... Read more

• We can trust the “Wisdom of Crowds” to run the world!

  I am reading the book "Wisdom of Crowds by James Surowiecki". :em3: and :ed4: aim to create global :w3: networks that aggregate communities of common interest to focus effort and make collective decisions using the :wisdomofcrowds:. The :wisdomofcrowds: aggregated through :w3: networks are likely to make wiser collective decisions than those currently made by single members of the group. :w3: networks facilitate the four conditions necessary to facilitate wise collective decision making - diversity of opinion, independence, decentralisation and aggregation. In summary, we can rely on the :wisdomofcrowds: to run the world using :w3: networks on the :criticalpath: to :ed4:. I have extracted some paragraphs for your convenience, but encourage ... Read more

• Open letter to Richard Branson: Revolutionising investment banking (equitymarket.vg), revolutionising financial markets (financialmarket.co.uk) and Economic Development

  Sir Richard 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. An online industry network for the equity market can bring together companies, advisors and investors in an online space where they can collaborate and distribute information to facilitate the growth of small and medium enterprises. This is called :em3:. The purpose of this letter is to introduce the opportunity for Virgin of applying Equity Market 3.0 to fuel the growth of SME's and the :bvi: financial centre. The venture ... Read more
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  Application to TED: A Twitter now and a speaking slot in 2012?

  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 - :em3:, :ed4:, the :criticalpath: and :united: (to deliver "Ideas worth creating"). The purpose of this email is to ask you: to consider broadcasting these ideas on your Twitter account (now) in 2011 to consider this application to speak at TED in 2012 to share the outcome of my efforts to crowdcreate :em3: in 20+ financial centres and inspire :ed4: by June 2012 Crowdcreating Equity Market 3.0 in ... Read more
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  Open letter to the Ruler of Dubai: Web 3.0 networks to accelerate financial market growth (EquityMarket.ae) and economic development

  Your Highness Shaikh Mohammed Bin Rashid Al Maktoum Vice-President and Prime Minister of the UAE and Ruler of Dubai, and President of the Dubai International Financial Centre Dubai International Financial Centre The Gate, Level 14 Dubai, United Arab Emirates Your Highness I apologise for writing an :openletter: and I understand this is unconventional. The Open Letter approach simply allows me to find the right people and qualify interest faster in opaque hierarchies around the world. Any further communication would, unless agreed otherwise, be private. I have visited Dubai on numerous occasions and can feel the excitement of its ambitions. I have watched your decisive investments to consolidate the stock exchanges that service the global equity market. ... Read more

• My HBR-McKinsey M-Prize Application for Equity Market 3.0

  The M-Prize 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. Do you have an instructive case study (a Story) or an experimental design (a Hack) that demonstrates how Web 2.0 values (including transparency, collaboration, meritocracy, openness, community and self-determination) can be unleashed to overcome the design limits of Management 1.0—and help to create Management 2.0? My application for ... Read more

• The Management 2.0 Challenge

  It has been a long journey. I suspect that the era of Web 3.0 networks has arrived. A series of recent articles has made me come to this conclusion. However, a particular article has excited me. It is simple to understand and excites me with the prospect that that global adoption of Web 3.0 is about to start. The article is  Gary Hamel’s challenge essay which he wrote for Harvard Business Review-McKinsey M-Prize for Management Innovation on 24th may 2011. I will extract some of the key paragraphs, but the entire essay is insightful and concise and I encourage you to read the original here . Extract: Over the last decade, the Internet ... Read more

• Enterprise software to run an entire enterprise … ready in 10 minutes!

  According to Wikipedia, Enterprise Requirements Planning (ERP) software is "intended to manage all information of functions within a company or business". "Examples of modules in an ERP which formerly would have been stand-alone applications include: Product lifecycle management, Supply chain management (e.g. Purchasing, Manufacturing and Distribution), Warehouse Management, Customer Relationship Management (CRM), Sales Order Processing, Online Sales, Financials, Human Resources, and Decision Support System."- Wikipedia. ERP software from proprietary vendors can be very expensive and take months to implement. My web site is devoted to applying Web 3.0 to economic development. A key building block underpinning the emergence of Web 3.0 is open source software. I wrote an article about How ... Read more

• Web architectures and cloud computing provide a tremendous opportunity for evolution and innovation

  Related articles: Web 1.0, Web 2.0, Web 3.0 and Web 4.0 explained ; Key elements of a Web 3.0 online network ; How to setup a server on the Amazon cloud and install SugarCRM in 30 minutes I just watched a presentation at Gartner called SOA, the Web and the Cloud: Big Decisions about Application Architecture. I encourage you to view the original presentation. It highlights the tremendous opportunity to evolution and innovation by applying Web architectures and cloud computing to the way applications are designed. I will try to outline some of those principles for the non-technical below and then outline the importance of these principles in applying key ... Read more

• Google Wave may unleash Web 3.0 and achieve 90% penetration in three years

  Pre-requisite reading: Web 1.0, Web 2.0, Web 3.0 and Web 4.0 explained ; Let’s transform the world in 365 days ; http://wave.google.com Email embeds Web 1.0 Email was created 40 years ago and provides specific means for people to communicate. It mimics the conventional postal service. You write a letter, give it to the delivery man and he delivers it. The delivery of email relies on email servers which take an email and deliver it to other email servers and is ultimately delivered to the recipient. It is not instantaneous communication. Email only facilitates correspondence (or letters) sent to and from other people. The workflow of email ... Read more

• Challenges and Web 3.0 opportunities for stock exchanges

  Pre-requisite reading: Financial markets are about to enter a transformational phase ; Are offshore stock exchanges becoming more competitive in the internet era? ; What will financial markets look like in 2015?: A perspective from Bearingpoint ; Regional stock exchanges are deprecated The current global financial turmoil will transform the world's financial markets. Recent events have hastened the development of financial markets in a long overdue restructure driven, in part, by the regulator.  The traditional stock exchange has delivered significant shareholder value over the last decade through cost cutting, increasing trading volumes and a protected position in local markets provided by the regulator. However, these sources are unlikely to deliver further ... Read more
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  Let’s transform the world in 365 days

  Mandatory reading!: Web 1.0, Web 2.0, Web 3.0 and Web 4.0 explained Recommended reading: Web 3.0 online network concepts ; We need five online networks to solve the worlds problems by 2012 or we decline into conflict for generations ; The transition to online networks may take six months or 50 years ;The next four stages of online networks - from tools and solutions to new structures and economic development ; Facebook of global government needed - delivery in 12 weeks! ; E-democracy just six weeks away! Political sovereignty exercised directly by citizens through an online political network We need to build the Web 3.0 online social, industry and political networks on ... Read more