The exchange of information about anything, everything and anyone is growing at exponential rates. Never before has mankind been enable to "exchange" so much information so rapidly and with so many people as today. This exchange brings a variety of new dynamics, new markets and the possibility of a new economy with different measures.
In an early post titled Competing for Our Conversations? we expressed: Our conversations are representations of commerce. Commerce follows value and value is created from knowledge. Where ever you find conversations that add value you find an attraction that lifts all readers. Communities that attract the most readers are communities where the crowds are learning the most. When knowledge is shared it represents an exchange of value and where value is exchanged between participants knowledge expands rapidly.
To expound on our earlier post we would add that "value exchanged" between businesses and people creates the formation of what was once labeled as intangible to become tangible. What was once considered "soft value" will now become "hard value". Hard value is a representation of economic measure thus with the measure of "value exchanged" comes a new economy that is not influenced or driven by the old economic measures.
Will Web 3.0 Accelerate Knowledge Exchanges?
Dan Robles writes "Web 3.0 will be derived from Web 2.0 and it identifies a set of characteristics of the Innovation Economy - a state of economic development characterized by the tangibility of human knowledge."
"Herein, the terms "Information", "Knowledge", and "Innovation" are tightly defined and fit to a financial analogy. The monetary system that is familiar to most people is used as a framework for representing human knowledge in the format of a financial instrument. By extension, knowledge may be treated as tangible quantity. Therefore, tangibility of human knowledge may be established such that the prospect for a market developing for knowledge assets would be inevitable."
"The analogy is then improved by specifying a machine-enabled knowledge inventory system, a business method for matching knowledge deficit to knowledge surplus, and a system of vetting institutions that support the fair market trade of knowledge assets."
If we are all learning together and connected like never before then the exchange of information which converts to knowledge is indeed the value chain of the new economy.
What Does a Business Exchange?
Every business exchanges value for an economic return. The return (profit) is determined by what may or may not be left over after costs are deducted from revenue generated. Equity is built by consistently generating both profit and by creating innovation for a market that will consume it thus generating revenue both indirectly and directly. Thus if revenue follows innovation and knowledge creates the innovation then businesses that learn to exchange knowledge rapidly with the entire market will have a better chance at creating innovation, i.e. revenue.
It appears as thought all this "social stuff" has the opportunity for creating the "autobahn" of knowledge exchanges. The forces that enable an individual or business to get from point A to B are the speed of learning to use knowledge innovatively.
Get it? What say you?