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knowledge asset

Factor of Production #2; Creative Capital

March 10, 2010

The financial system that we live in today is allocated to us all through chunks of Land, Labor, and Capital. It should be fairly obvious that there are some issues with land (real estate bubble), Labor (high unemployment/out sourcing), and Capital (financial system meltdown).

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The New Definition of Innovation

February 12, 2010

The existing definition of innovation is insufficient for use as a way to identify innovation in the present. There is no way to build an innovation economy upon a flawed definition and unpredictable value of innovative activity.

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Social Media as a Vetting Mechanism

February 9, 2010

Where the vetting mechanism fails, the system fails. This has happened in countless instances from the current financial crisis to nearly every product, market, environmental calamity, or political failure in recorded history – the referees who were supposed to keep their eye on the ball, did not. Likewise, where a vetting mechanism is effective, the system is efficient.

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Video: The Calculus of Global Outsourcing

February 8, 2010

Modern Globalization is a system – it must be analyzed like a system. Data, Information, knowledge, and Innovation are profoundly related in a system. If you take away one of the components, the others become worthless.

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Video; You Can’t Make a Bet Without Odds

February 2, 2010

The simple truth is that humans have not evolved to the point where they will organize themselves as knowledge assets in a financial system – they still need to use a proxy for their productivity controlled by a master, a corporation, an idealism. It’s called money, politics, and fear.

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Video: Taxonomy for Community Knowledge Inventory

February 1, 2010

ny taxonomy that is used to classify information is a candidate for the classification of knowledge. This is because knowledge is related to information in a differential equation that also includes data and innovation (another blog post).

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Draw Your Own Org Chart

January 12, 2010

Then Robert walked around the corner. He stood next to me, applied a menacing grin, and stared my oppressors down. After a few moments, he walked away without saying a word.

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Social Media and Foreign Direct Investment

January 8, 2010

In the broadest definition, Foreign Direct Investment (FDI) is an investment outside the economy of the investor. Social Media has the effect of defining an economy not by an international border, but rather, by associations between people and their conversations.

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Conversational Perjury

December 17, 2009

As brands get social, they enter the new media performing their best interpretation of a conversation. Face it, they are still going for the kill – like a wolf in sheep’s clothing – the dance of the pitch is just getting more sophisticated. Social media is powerful followed closely by the of abuse .

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Deep Web; Database of databases of databases….

December 16, 2009

We have posted a few articles about the Deep Web and presented an emerging technology project that promises to provide a database of databases for the next great development of Internet Search. This short post considers the significance of one aspect of Deep Web Search.

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Deep Web: The Data Will Set You Free

December 15, 2009

Conversational Currency Blog continues to present components of the Next Economic Paradigm as we spot the integrations. We believe that one of these features is the Deep Web, estimated to be 500 times bigger than the surface web or “Google-verse”.

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Deep Web Search

December 13, 2009

Deep Web Search Engine is here. This represents a new economic paradigm since increasing the available information increases the rate of change of knowledge across diverse communities. Keep your eyes on this one – it’s a big one.

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Why is college measured in “degrees”?

December 9, 2009

The information that fuels the next economic paradigm will not be captured in the form of college degrees; rather, it will be captured in extremely detailed granularity of unique collections of knowledge assets in diverse combinations of persons that solve complex puzzles – and then share the solution with others.

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Bretton Woods II – For the Biosphere

December 8, 2009

Whereas Bretton Woods (1) was tasked with rebuilding a war torn world, a new Financial Doctrine is needed to rebuild a war torn Biosphere. Economics as a discipline is based on the fundamental effects of selfishness and Bretton Woods demonstrated that we could in fact define “self” in terms of including the preservation of others. Now the task is to define “self” as including the Biosphere for which a new economic accord could certainly accommodate.

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Banks In The Future

October 29, 2009

You are hearing it here; these innovations are the most significant disruption that Wall Street can’t possibly imagine. Money is a social agreement and these are the banks of the future. Although many come from the gaming industry, many games are modeled after the real world, therefore, transition back to the real world is not as difficult as one may think.

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Building a Better Entrepreneur; Google 10^100

September 27, 2009

Google 10^100 award voting is Launched. There are two sectors that we believe would have the greatest impact on the greatest amount of people; building a better banking system and funding social entrepreneurs. You can’t have one without the other – if Google funds these two sectors in concert, the outcome would be incredible.

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The New Reverse World Order

September 9, 2009

If someone can track your spending, they can predict your behavior. It is also true that if someone can track your behavior, they predict your spending. The next economic paradigm is simply a higher order of the same. If someone knows your “Knowledge Inventory” they can predict how you will manage changing conditions – that is, how you will innovate. Likewise, tracking how people innovate exposes the development of new knowledge assets (the ‘gold-standard’ of conversational currency).

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Trust as a Social Currency

September 8, 2009

The idea of trust as social currency is appearing in more articles, conferences, and books. This is all highly consistent with the TIP thesis on Innovation Economics which describes the necessity of a vetting mechanism among the knowledge inventory as a means for the emergence of a currency in a market – that is, a conversational currency. People need to trust the currency if they are to trade the currency.

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The Value of Social Currency

July 9, 2009

Roughly 10% of the US gross Domestic Product can be attributed directly to the process of evaluating or examining transactions. The ability to foresee the result of specific knowledge assets deployed to specific business conditions is the Holy Grail of entrepreneurs.

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The New Economic Paradigm: Part 7; Monetization of Knowledge Assets

April 20, 2009

We have specified a structure for a new economic paradigm by simply integrating the the knowledge economy into the same structure as the financial system. The result is a completely new way for entrepreneurs to create wealth.

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The Next Economic Paradigm; Part 1

April 3, 2009

The Innovation Economy will not be delivered by corporations, Government or Academia. There no single person, country, ideology, or philosophy that can meet the challenges of the future alone – everyone will be required to participate because everyone has a stake in the outcome.

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Innovation Bonds: 3 Million Jobs

February 26, 2009

Another approach for spending a Trillion dollars (backed by debt) would be for the government to issue innovation bonds (backed by innovation) to fund new enterprise. Surely the World still greatly admires and respects American Ingenuity (social capital, intellectual capital, and creative capital) and would likely buy such a financial instrument instead of more of [...]

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The Shift to Social Capitalism

January 8, 2009

As computer enabled society marches toward social capitalism as a result of overburdened financial institutions, a new generation of social media applications will form to emulate those institutions. Social capital, creative capital, and intellectual capital will increasingly behave like tangible assets. As an example, this article compares the concept of the financial credit score with [...]

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Advertising in the Age of Social Capitalism

December 31, 2008

The recipe for selling great products and to great customers in the age of Social Media resides first in helping people find their highest talent and passion.

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Gamidox.com

Gamidox.com develops and spins off Value Games: The purpose of this video is to demonstrate the scope of influence that Value Games may have in communities and to identify games under development.

Zertify.com

The Knowledge Inventory: In order to create anything useful, there must be an inventory of parts, a bill of materials, or an accounting system with assets on one column and liabilities (deficiencies) in the other column.

Exoquant.com

Algorithm for the monetization of Knowledge Assets: This video introduces a very similar form of mathematics that Wall Street uses on tangible assets, except applied to intangibles.