TED Community » Marcus Cake

More About Me

I'm passionate about

Applying the principles of social networks to financial markets and economic development.

An idea worth spreading

Economic Development 4.0 is how the world works using the full potential of the Web 3.0.
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, accessibility and productivity. These endeavours include industry, democracy, climate and processes of innovation. Additional information is available from http://www.marcuscake.com/economic-development

Equity Market 3.0 is the next generation of financial markets. It is an intersection of online social networks and financial markets. Equity Market 3.0 distributes information and facilitates collaboration amongst companies, advisers and investors in a peer to peer network. I am to crowdcreate Equity Market 3.0 networks in 20+ financial centres by June 2012. Widespread adoption of these networks is Equity Market 4.0. Additional information is available from http://www.marcuscake.com/equity-market

Talk to me about

Crowdcreating Equity Market 3.0 and Economic Development 4.0

People don't know that I'm good at

Applying social networking principles to financial markets and economic development

My TED Story

I am trying to crowdcreate my TED story

Comments

• TEDCred score: +0.10 TEDCred reflects your contribution to the TED community.

• A comment on Conversation: What project would you propose to change the world?

  Jun 13 2012: If I had no limits of money, time or people I could involve, I would implement (engineer and market) Economic Development 4.0 (ED4). Economic Development 4.0 outlines a strategy which applies the lessons of social networking and 2 billion people connected to the internet to move beyond social participation (2.0) to national collaboration (3.0) and international integration (4.0). The UN has called for revolutionary change to deliver this in ten years, rather than 100 years. If constraints were removed, I would build the underlying networks of ED4 in 180 days and then market (or populate) them over the next 180 days. I have a passion for applying the principles of social networking to social, industry and political endeavours. I have established the Open Networks Institute as a forum for likeminded people to pursue this outcome.
  
  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. 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.
  
  Additional information and a 70+ slide presentation is available at http://www.opennetworksinstitute.org/economic-development .

• A comment on Conversation: How can Africa develop faster?

  Jun 3 2011: Equitymarket 3.0 is an online industry network to facilitate collaboration and distribute information amongst companies, advisers and investors in the equity market and bridge the “middle gap” in developing countries. An online industry network could service the “missing middle” and lower transaction costs, deepen capital markets and catalyze capital and make a rapid contribution to economic development of developing countries, including Africa. It would connect companies, advisers and investors in the 1st and 3rd world and provide a virtual platform for finding, analysing and monitoring investments in Africa.
  
  The Equity Market online network is a Web 3.0 online network (or Facebook) which allows companies, advisers and investors to see straight through the market and collectively self-publish, match, learn, validate and consume 20+ types of equity market content in hours (not months). It is a platform for a global market. It provides a costless and immediate means to distribute information, facilitate collaboration, exchange content and facilitate transactions. The system provides applications to enable companies, advisers and investors to do what they do everyday in an open, transparent internet platform. Content includes Profiles (companies, advisers and investors, countries, industries), Classifieds (Research, M&A, Investment, Employment, Project, IPO / Bookbuild, Events) and News (Audio, Video, Blog, Article, Announcement, Report, Pictures).
  
  Benefits
  * global market: companies advisers and investors can participate in a global capital and labour market
  * reduce poverty in the Third Worldby fueling the growth of SME’s in the Third World and earn income from remote services (Microequity 3.0)
  * expand labour pool: deliver surplus labour in the Third World to satisfy a shortage of labour in the First World
  
  Additional information is available http://www.marcuscake.com/economic-development and http://www.marcuscake.com/equity-market

• A comment on Conversation: Thoughts on a global government.

  Jun 3 2011: A global governance system needs to be transparent, driven by the people. It needs edemocracy at a national level. At an international level, we need a representative community of global citizens (not global government) to determine prioritise and implement the pursuit of quality of life in accordance with values determined by the global community, rather than the opaque channels of government.
  
  National EDemocracy: The TED talk by David Cameron highlighted the possibility that governments will have less power and money in the future and the people will have more. This would be enabled by technology. He asked "How do we make things better without spending more money?" He highlighted a desire that a political system should have transparency, choice and people power. The problem is that we don't (today) have technology to deliver on this vision. It is, however, readily available in a Web 3.0 network focused on eDemocracy. Have a look at http://www.marcuscake.com/economic-development/edemocracy. The traditional model of democracy determines outcomes based on ideology – left or right. The eDemocracy model allows all participants to see through the community to determine outcomes based on issues.
  
  A Common Vision for International governance? UNITED 3.0 is a Web 3.0 network to design and implement Equity Market 3.0 and Economic Development 4.0. Entrepreneurs, philanthropists and statesmen need to provide the inspiration to create Economic Development 4.0 and inspire consumer adoption of its underlying networks.
  
  A critical mass of National Democracy 3.0 networks and an international vision provided by UNITED 3.0 would provide an opportunity to transcend the problems highlighted in this thread. In both cases, success relies on transparent people networks, rather than Web 1.0 global government with opaque channels. I recommend the presentation at http://www.marcuscake.com/economic-development for further information .
• +1

  A comment on Conversation: Implement a TED-style Open-democracy social-networking Website for gov, citizens, voting on issues, bills, elections, local, state, National

  Jun 3 2011: The EDemocracy online political network (EDemocracy) is a Web 3.0 online political network (or facebook) which aims to enhance democracy by providing a costless and immediate means to distribute information, facilitate collaboration, exchange content, manage workflow, deliver transparency and allow political sovereignty to be exercised directly by citizens. The content includes profiles, processes and outcomes. Profiles are self-published by each politicians, citizens, government executives and institutions. Process content includes issues (military, economic, social, environmental, etc), Priorities, policies (proposed, pending, current, redundant), Projects (government expenditure, volunteers, partners needed. Outcome content includes announcements, videos, audio, reports (feasibility, economic, financial, environmental, industry, market) blogs, pictures and articles. All content is linked and rated for quality and quantity.
  
  The EDemocracy online political networks applies Web 3.0 online network 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 from Amazon.
  
  Additional information is available from http://www.marcuscake.com/economic-development/edemocracy . There is a screenshot of the prototype on the page that provides an overview of community structure.
  
  Edemocracy 3.0 is also a Web 3.0 network on the critical path to Economic Development 4.0. Economic Development 4.0 is summarised at http://www.marcuscake.com/economic-development and in a presentation available on the same page.
  
  The traditional model of democracy determines outcomes based on ideology – left or right. The eDemocracy 3.0 model allows all participants to see through the community to determine outcomes based on issues.

• A comment on Conversation: TED generates brilliant ideas for good. Can we take it a step further and actively apply these ideas into productive action toward problems?

  Jun 3 2011: I think it is a great idea and I have been thinking something similar. I must confess I have published an "Application to TED: A Twitter now and a speaking slot in 2012?" ( http://is.gd/mccted ) post that touches on the idea you have raised. The post shares four ideas with the TED community – Equity Market 3.0, Economic Development 4.0, the critical path and UNITED 3.0 (to deliver “Ideas worth creating”). It is this fourth idea that your question touches on.
  
  I am intrigued by the power of social networks. I wondered if the "crowd" would find my application, endorse it and draw it to Chris's attention. Perhaps, we could all contribute through Web 3.0 for a range of endeavours including yours. Like Linux, it is hard to see a natural owner for your idea? TED is a potential candidate, but TED sticking with what it does best is also critical. It is a difficult question, but TED is receptive to new ideas.
  
  I can see the character limit dropping as I type. I shall extract some text and refer you to my post. My post also has the advantage of embedded Slideshare and Google Docs presentations (and more than 2000 characters) which put a TED "Ideas worth creating" network into the context of a specific purpose.
  
  Some extracted text related to this topic
  "As part of the process of preparing this application. I conceived another potential application of Web 3.0 network which may be of interest to TED. It is a Web 3.0 network closely modeled on Equity Market 3.0 to coordinate the execution of the critical path and the delivery of Economic Development 4.0. UNITED 3.0 is a Universal community Network to implement the Innovation, Technology, Entertainment and Design networks underlying Economic Development 4.0. In essence, TED is focused on “Ideas worth sharing”. UNITED 3.0 creates an platform to implement “Ideas worth creating”. Additional information is available from the UNITED 3.0 page and summarised in the Economic Development 4.0 presentation." ...
  Links http://is.gd/mccted