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
I apologise for writing an Open Letter 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. Your Foundation’s objectives include Knowledge Production, Entrepreneurship and Human Capital. For these reasons, you are the first person to which I have written an Open Letter highlighting the significant benefits of applying social networking principles to fuel the growth of SME’s and the potential of applying Web 3.0 networks to assist with Vision 2021. Web 3.0 networks are just an evolution of the internet which overcome the design limitations of Web 1.0. Why catch the train when you can fly? Why work within the design limitations of local opaque, Web 1.0 hierarchies, when you can work in unlimited, global transparent Web 3.0 networks? I would like to offer you the opportunity to deploy the first Equity Market 3.0 network called EquityMarket.ae and also introduce you to the potential of Web 3.0 networks to assist with your Vision 2021.
Equity Market 3.0 for the United Arab Emirates – fuelling the growth of SME’s
Dubai’s strategy to become a world class financial centre of equal standing to London or New York is a conventional approach that relies on the migration of people to Dubai and construction of offices and housing. Unlike this conventional approach, Equitymarket.ae allows companies, advisers and investors from anywhere in the world to participate in the Dubai financial market through an online industrial network. Equitymarket.ae would accelerate Dubai’s evolution into a world class financial centre in a few years rather than the generation required by conventional approaches. An Equity Market 3.0 strategy would be particularly effective in fuelling the growth of SME’s.
A screenshot of the EquityMarket.ae home page is provided below.
[image title="Equitymarket.ae home page" size="large" align="left" caption="Equitymarket.ae home page" lightbox="true" link="http://www.wisdomnetworks.im/equity-market" autoHeight="true" quality="100"]http://www.wisdomnetworks.im/wp-content/uploads/equitymarketae_homepage.gif[/image]
Benefits of integration with other Dubai businesses
An addditional benefit to EquityMarket.ae is that it could be integrated with other Dubai businesses to improve the value proposition for companies participating in Dubai’s equity market. The following screenshot provides an example of how Equitymarket.ae could be integrated with Dubai Internet City.
[image title="Dubai internet city offer page" size="large" align="left" caption="Equitymarket.ae and Dubai Internet city joint offer page" lightbox="true" link="http://www.wisdomnetworks.im/equity-market" autoHeight="true" quality="100"]http://www.wisdomnetworks.im/wp-content/uploads/dicproduct3.png[/image]
A Dubai-based “Collaborative Macroexchange” to service the global equity market
Equitymarket.ae 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 generated by the Dubai Stock Exchange to create a “Collaborative Macroexchange“. A single Collaborative Macroexchange could service a global community of companies, advisers and investors from Dubai. This may be consistent with your vision for Dubai. I am able to provide 30+ United Arab Emirates (.ae) domain names that give each company, adviser or investor a memorable email and web address.
A comprehensive presentation on Equity Market 3.0 is provided in the presentation below.
Additional benefits to your Foundation
- Entrepreneurship: providing platforms for decision-makers to exchange dialogue and expertise
- Human Capital: establishing a network of scholars, intellectuals and industry leaders, who will share knowledge and expertise to help promote research and knowledge creation and enhance education in the region.
Delivery to your team within 5 days
I can provide a 5 day ‘Central Brain’ template (Lightning Strike) to deliver EquityMarket 3.0. Your team could then customise and launch the web application within 30-90 days and pursue a Equity Market 3.0 or Collaborative Macroexchange strategy. I am excited by the potential of EquityMarket.ae and its contribution to the development of Dubai.
Applying Web 3.0 networks to Economic Development
Economic Development 4.0 is how the world works on the web!. 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 aggregation of the Wisdom of Crowds and effort for better outcomes. The specific Web 3.0 networks that would support your Vision 2021 are democracy (Democracy 3.0), fueling the growth of SME’s (Equity Market 3.0), health (Health Industry 3.0 plus patient health record) and others on the Critical Path to Economic Development 4.0 that may include Education 3.0. Each of these can be created within 90 days.
The following presentation provides an introduction to applying Web 3.0 networks to economic development:
Economic Development 4.0 is intended as a global structure. The networks underlying Economic Development 4.0 can be made available throught the world. 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), fueling the growth of SME’s (Equity Market 3.0), climate stability (Climate Stability 3.0), global governance (UNITED (International Governance 4.0)), patient records (Health Industry 3.0 plus patient health record) and others on the Critical Path to Economic Development 4.0. Web 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 and decision making are likely to have a profound impact on many issues confronting our world. However, some global issues are resolved by other networks. For example, Peace 4.0 may be an outcome of UNITED (International Governance 4.0), Democracy 3.0, Education 3.0, and Equity Market 3.0. These networks could be initially created and applied in the UAE, but can be extended to service the global community using the power and reach of the cloud.
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, intellectuals and statesmen to inspire their adoption. You are uniquely positioned to implement and inspire an Economic Development 4.0 strategy for the UAE and, subsequently, inspire the adoption of Economic Development 4.0 globally.
I would be most grateful for the opportunity to discuss the development of Equitymarket.ae and its role in the development of Dubai as a world class financial centre, or applying Web 3.0 networks to accelerate the achievement of Vision 2021, with you or one of your representatives.