I read with interest about the objective of Google.org below:
The purpose of this letter is to introduce three opportunities to engineer a Web 3.0 networks that provide solutions to specific global challenges. The Web 3.0 networks that may interest Google.org or its volunteers are:
- UNITED (International Governance 4.0) is Web 3.0 community to engineer global productivity, transparency, meritocracy, global governance and quality of life by aggregating the Wisdom of Crowds and effort to implement Economic Development 4.0. Economic Development 4.0 is the widespread use of web based person to person structures by social, industrial and political endeavours to deliver global transparency, meritocracy, accessibility, productivity and quality of life.
- Climate Stability 3.0: The Climate stability online network applies Web 3.0 online network principles to engineer global stability.
- Health Industry 3.0 plus patient health record: This extends on the existing Google Health offering by engineering a collaborative network for the health industry
- Equity Market 3.0: EquityMarket.org could fuel the growth of SME’s around the world and be the first Equity Market 3.0 network to service companies, advisers and investors worldwide. This is part of my personal objective to crowdcreate Equity Market 3.0 in 20+ financial centres in 365 days and delivers the Google.org objectives to fuel the growth of SME’s in the developing world.
I need help from Google.org and its volunteers to create, scale and populate Economic Development 4.0 All Web 3.0 networks in the Critical Path to Economic Development 4.0 need Google’s engineering teams, global infrastructure and user driven approach. The Economic Development 4.0 presentation provides an overview of these. In this letter, I will focus on the Web 3.0 networks outlined above that fall within the stated objectives of Google.org.
A new way of thinking and behaviour – Web 3.0 networks
In the last one hundred years, we have used the hierarchy and proprietary channels to connect, organise and focus the efforts of the global community. This structure offered limited community access, was opaque and resulted in less than optimal decision making. In Web 1.0, we “read” from the web as hierarchies distributed information to us. In Web 2.0, we “write” to the web and learnt the possibilities of peer to peer networks by participating in social networks. The internet has grown to connect a billion people and anyone can use it without cost or restriction. The internet enables a new transparent and accessible structure to organise and focus effort – Web 3.0, or person to person, networks. In Web 3.0, we “execute” on the web and collaborate to deliver community outcomes. Web 3.0 will connect and focus effort with the same commercial and community outcomes in open, transparent and accessible networks. They harness the Wisdom of Crowds for superior decision making and focus collective effort. In Web 4.0, we “link” or “share” to integrate social, political and industrial endeavours around the world for global community governance and execution.
For some social, political and industrial endeavours, we don’t need hierarchies and information channels in each country, we just need one global Web 4.0 network. For example, we only need one Web 3.0 network for democracy (Democracy 3.0), the equity market (Equity Market 3.0), fuelling the growth of SME’s (Equity Market 3.0), climate stability (Climate Stability 3.0), global governance (UNITED (International Governance 4.0)) and patient medical record (Health Industry 3.0 plus patient health record).
Economic Development 4.0 is the widespread use of web based person to person structures by social, industrial and political endeavours to deliver global transparency, meritocracy, accessibility and productivity. These endeavours include industry, Democracy 3.0, Climate Stability 3.0 and processes of innovation. Economic Development 4.0 focuses the collective effort of a UNITED (International Governance 4.0) community to engineer global transparency, meritocracy, productivity, accessibility and quality of life. Economic Development 4.0 also delivers global community governance to decide values and priorities internationally (with UNITED (International Governance 4.0)) and nationally (using Democracy 3.0). In summary, it makes the world a better place. Improved governance, resource allocation and decision making are likely to have a profound impact on many issues confronting our world.
We can create the Web 3.0 networks on the Critical Path to Economic Development 4.0 in 90 days. We will need the world’s entrepreneurs, philanthropists and statesmen to inspire their adoption. Google.org is uniquely positioned to engineer the Web 3.0 networks on the Critical Path to Economic Development 4.0 and provide the scale to deliver them to a global audience. Economic Development 4.0 needs Google.org and its volunteers!
All the Economic Development 4.0 networks apply Web 3.0 principles. This includes semantic search, peer to peer networks, communities of common interest focused on a common purpose, comprehensive user generated content, workflow management, scalable open source web applications and cloud computing power.
The following presentation summarises Economic Development 4.0
Climate Stability 3.0
Climate Stability 3.0 is a Web 3.0 network which aims to deliver climate stability by providing a costless and immediate means to distribute information, facilitate collaboration, exchange content, manage workflow, deliver transparency amongst the community with a common interest in climate stability. The climate stability online network distributes information facilitates collaboration, shares knowledge and coordinates innovation to contribute to the stability of Earth’s climate.
The screenshot of Climate Stability 3.0 below provides an overview of the content, structure and purpose of the network:
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UNITED (International Governance 4.0) is a Universal community Network to collectively implement the Innovation and Technology by Engineering and Designing networks on the Critical Path to Economic Development 4.0. Linux is one of the largest, most complex engineering projects in the world. It is created by aggregating the volunteer efforts of individuals and contributions of corporations that align their strategy with the principles of fee and open source software. Economic Development 4.0 can be created in the same way except the outcome will be Web 3.0 networks on the Critical Path to Economic Development 4.0. The work in Open source software is complete – let’s apply the lessons of open source software and move onto to solutions that create structures that drive Economic Development 4.0. UNITED (International Governance 4.0) provides a platform to measure, harness and focus this collective effort on delivering each Web 3.0 network on the Critical Path to Economic Development 4.0. It is Google.org and its volunteers that can create UNITED (International Governance 4.0) and implement Economic Development 4.0.
Countries have struggled to implement a single health record despite the compelling advantages of doing so. The solution to the key barriers to creation of a patient medical record is to make available a Web 3.0 network that allows the patient (or their representative) to manage a patient profile which can accept invitations to link content from other participants in the health industry.
The Health Industry 3.0 plus patient health record network allows organisations (including hospitals), health care providers (including doctors) and patients to see all information in the industry and collectively self-publish, match, learn, validate and consume 20+ types of health care information. It is a platform for a global audience and provides a costless and immediate means to distribute information, facilitate collaboration, exchange content and facilitate transactions. The system provides applications to enable participants in the health industry to do what they do everyday in an open, transparent internet platform. Each participant simply agrees to “link” and “share” content with other participants to create a patient medical record.
Comprehensive health information is distributed direct amongst organisations, providers and patients in real-time, rather than slow, labour intensive, opaque channels in regional markets. Patients can publish all their health information at one location. Providers can find patients in different regional areas matching their speciality and volunteer their time to patients in less fortunate markets. Hospitals can reduce patient demand on their infrastructure by coordinating care remotely, possibly using remote monitoring devices. This Web 3.0 online networks delivers a globally transparent market with instantaneous exchange of comprehensive information using Web 3.0 principles. Market participants can find each other using tag based search in hours, rather than use 3rd parties for labor intensive searches.
The screenshot of Health Industry 3.0 plus patient health record below provides an overview of the content, structure and purpose of the network:
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Existing health care is essentially a cottage industry with asymmetric information flows between potential patients, insurers, hospitals and providers. As such health care is expensive and health care outcomes can be less than what they could be. Many patients find it very difficult to access correct skills while the full universe of providers is not fully utilized. It is designed to be applicable globally and delivers new levels of accessibility and transparency in health care.
New behaviour and thinking about financial markets – Equity Market 3.0
There is also an enormous opportunity in re-casting the equity market 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 Equity Market 3.0.
Equity Market 3.0 applies the principles of social networking to create the next generation of financial markets. Equity Market 3.0 distributes information and facilitates collaboration amongst companies, advisers and investors in a peer to peer network. Equity Market 3.0 fuels the growth of SME’s by delivering the correct skills and capital and increasing the utilisation of advisers and investors worldwide. SME’s in the major financial centres often fall below the radar of a profitable investment banking industry focussed on the larger companies and it is SME’s that would be the primary beneficiary of Equity Market 3.0.
Equity Market 3.0 is not a stock exchange. It is a collaborative hub that distributes information, facilitates collaboration and arranges collaborative transactions amongst companies, advisers and investors in a peer to peer network. However, it could incorporate the prices and announcements from a stock exchange to create a “Collaborative Microexchange“ which services SME’s globally with a full spectrum of services delivered by virtual advisers. Google Finance could also provide price and announcement feeds from stock exchanges around the world. This business may never employ more than 30 people, but it would facilitate everyday equity market interactions virtually for a global community of companies, advisers and investors around the world. The implications for economic development are profound with the delivery of a both a global capital market and international competition between small and large financial centres.
The following presentation summarises Equity Market 3.0:
A :Googleorg: Equity Market 3.0 network for companies, advisers and investors around the world
An Equity Market 3.0 network engineered by Google.org could deliver a new paradigm for financial markets and introduce new thinking and patterns of behaviour for companies, advisers and investors from all over the world. It could focus on specialise in a specific sector (like fuelling the growth of SME’s), and even evolve into a Collaborative Microexchange or Collaborative Macroexchange. It could be an Open network for global participation. It could also be a commercial venture that applies the Google.com model.
The screenshot of Equity Market 3.0 below provides an overview of the content, structure and purpose of the network:
[image size="large" align="center" lightbox="true" autoHeight="true" quality="100"]http://www.opennetworksinstitute.org/wp-content/uploads/equitymarketgs_goog_homepage.gif[/image]
Memorable address for Equity Market 3.0 market participants – EquityMarket.org
As an additional possibility, the network could use the Equitymarket.org domain name which provides a memorable web and email addresses for companies, advisers and investors around the world.
I can deliver each Equity Market 3.0 or Economic Development 4.0 networks in a 5 day ‘Central Brain’ template (Lightning Strike). The Google.org volunteers could then customise and launch the Equity Market 3.0 network within 30-90 days. I could provide further support using Community features on my web site. As a commercial venture, revenue opportunities include the payment of content until expiry dates and subscription fees for members. Unlike typical social networks which have an Average Revenue Per User (ARPU) of between US$2-25, an industry network focussed on valuable information would have an ARPU of US$500 and higher. Web 3.0 businesses are typically cheap to create, have a low break-even point and high prospects of growth. Consumer adoption is the key risk. The size of the global investment banking industry is dwarfed by Google. A Google.org Equity Market 3.0 network could acquire a critical mass of companies, advisers and investors quickly rapidly and deliver a new paradigm in financial markets.
We can rely on the Wisdom of crowds to run the world!
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. The Wisdom of Crowds aggregated through Web 3.0 networks are likely to make wiser collective decisions than those currently made by single members of the group. Web 3.0 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 Wisdom of Crowds to run the world using Web 3.0 networks on the Critical Path to Economic Development 4.0.
I would welcome the opportunity to discuss the possibilites of working with Google.org and its volunteers to engineer UNITED (International Governance 4.0), Climate Stability 3.0, Democracy 3.0 and Equity Market 3.0 networks on the Critical Path to Economic Development 4.0. There is a unique opportunity to accelerate the adoption of new structures in climate, democracy, financial markets and economic development to address global challenges.