Who spawns and cradles Economic Development 4.0? The Earth Institute is a good candidate and catalyst …
- Economic Development 4.0 is how the world works after applying Web 3.0 (or Facebook) networks to social, industrial and political endeavours
- Web 3.0 person to person networks overcome the design limitations of Web 1.0 hierarchies to deliver global transparency, meritocracy, productivity, accessibility and better decision making
- 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 engineer and inspire their use
- One global Web 4.0 network can replace local Web 1.0 hierarchies. Examples include Democracy 3.0, fueling the growth of SME’s with Equity Market 3.0, Climate Stability 3.0, UNITED (International Governance 4.0) and Health Industry 3.0 plus patient health record.
- Other potential Web 4.0 networks include Education, Resources, Food, Energy and Oil. Peace may be an outcome of UNITED (International Governance 4.0), Democracy 3.0, Education 3.0, and Equity Market 3.0.
- Tomorrow's problem's need Web 3.0 networks: A common problem for many Governments is that they use yesterday’s institutions to meet tomorrow’s problems.The world and its institutions are fragmented. They were designed in Web 1.0. All people engaged in the process of economic development and governance are connected via the internet. However, these connections are only used for email. These people could be connected by Web 3.0 networks that provide a single means to coordinate individual and organisational effort globally
The key problem is that there is no natural owner of Economic Development 4.0.
A Web 3.0 strategy for the Earth Institute to multiply outcomes and deliver Economic Development 4.0
The Earth Institute could extend on its existing activities to:
- apply Web 3.0 networks as an evolutionary tool to achieve its objectives
- create the Web 3.0 networks underlying Economic Development 4.0 and other Web 3.0 networks for their existing programs
- populate each Economic Development 4.0 network with its own experts initially, expand to includes it relationships and ultimately, open it up for public participation
- leverage existing philanthropic, corporate and government relationships to coordinate collective contribution and execution of people, cash and intellectual property
- assemble the entrepreneurs to inspire adoption of each Economic Development 4.0 network
- seek contributions of cash and intellectual property from existing corporate partnerships to each Economic Development 4.0 network. The donation of intellectual property by corporations to the Earth Institute may require a creative commons type licensing model specific to Economic Development 4.0 and modeled on free software licensing
- coordinate economic development globally with a Web 3.0 networks populated with a community of economic development professionals worldwide and overcome the design limitations of Web 1.0 channels
In my mind, Economic Development 4.0 simply uses Web 3.0 networks as a new way to organise. They can created in 5 days and customised for a specific use in 90 days. They are simply a result of information technology evolution and the fact that the world is, or can be, connected by the internet. Why catch the train when you can fly? Why work in opaque channels in specific countries when you can work in peer to peer global networks?
If we can create quick solutions to specific issues, do we need to wait or grant proprietary rights to Economic Development 4.0 networks to private companies to create them. If they are that cheap and quick, why don't we just create them immediately. If it is so simple, who should seize the initiative and build them?
Who owns Economic Development 4.0? The community!
Google.org is uniquely could engineer and power 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. My other Open Letters outline other potential partners that form part of the Economic Development 4.0 puzzle .
However, who owns Economic Development 4.0? How is it governed? The answer is as simple as who owns Linux and who owns the internet. Linux serves as an example that the most complex projects can deliver quality outcomes with a community driven organisation structure based on merit and contribution. The internet is collectively owned. The same is true of Economic Development 4.0. Like Linux, Economic Development 4.0 aggregates the Wisdom of Crowds for superior decision making to focus collective effort on prioritised outcomes. The governance and ownship model of Economic Development 4.0 is a hybrid between models currently applied by open source software, creative commons and philanthropic foundations.
We need an organisation to be the catalyst.
The Earth Institute is a candidate and catalyst to spawn and cradle Economic Development 4.0
The Earth Institute is a candidate to cradle Economic Development 4.0 because it has infrastructure, scale, budget, experts and relationships that mirror the attributes that make Linux successful.
Mission: Solutions for Sustainable Development
The Earth Institute brings together the people and tools needed to address some of the world's most difficult problems, from climate change and environmental degradation, to poverty, disease and the sustainable use of resources.
Facing the Global Challenge
Much of humankind is vulnerable to natural disasters, extreme poverty, infectious disease and a host of other challenges. One in six people on the planet subsist on less than $1 a day. The world's population is expected to increase to nine billion by 2050. Human activity is straining the planet's resources, threatening the health of our environment and ability to thrive.
By blending scientific research, education and practical solutions, The Earth Institute, Columbia University, is working to help the world pave a path toward sustainability.
The Institute, under the direction of Professor Jeffrey D. Sachs, comprises more than 30 research centers and some 850 scientists, postdoctoral fellows, staff and students. Working across many disciplines, we study and create solutions for problems in public health, poverty, energy, ecosystems, climate, natural hazards and urbanization.
At our largest research unit, the renowned Lamont-Doherty Earth Observatory, some of the world's leading scientists study geology, oceans, freshwater systems, climate and atmosphere. Our scientists map the ocean floor and measure the movements of ice sheets; they bore into ancient trees and pull cores of mud from the sea bottom to uncover secrets of past climate; they chart the flow of ocean and the swirl of atmosphere around the planet. Millimeter by millimeter, they measure the movements of the earth's crust as it thrusts up from far below or dives down into subduction zones. This fundamental knowledge about the dynamics of the earth is key to addressing our biggest challenges.
Earth Institute experts work hand-in-hand with academia, corporations, government agencies, nonprofits and individuals. They advise national governments and the United Nations on issues related to sustainable development and the Millennium Development Goals. They are educating the next generation of leaders in basic sciences and sustainable development.
We focus on the protection of earth's environment and the spread of social and economic opportunities for all people. We believe that dealing with issues such as extreme poverty must involve tackling issues such as environmental degradation, and lack of access to health care and education. Our work reflects the fundamental belief that the world possesses the tools needed to effectively mitigate climate change, poverty and other critical issues.
The Earth Institute has many of the attributes that mad Linux and Open Source successful and make it an ideal cradle and catalyst for Economic Development 4.0.
The Economic Development 4.0 presentation is embedded below for your convenience.