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Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf
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Equity Market Wisdom: Wisdom Networks crowd create Equity market revolution and evolution #FutureOf

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A comprehensive, clickable tour on Equity Market Wisdom is available at http://www.wisdomnetworks.im/networks/equity-market . …

A comprehensive, clickable tour on Equity Market Wisdom is available at http://www.wisdomnetworks.im/networks/equity-market .

A 3 minute video titled "How to achieve Global Wisdom and prosperity in 3 steps in 3 years" ( http://is.gd/wisdomin15 ) provides a quick introduction to wisdom. This is the first video of three in a 15 minute crash course of Global Wisdom available at www.wisdomnetworks.im .

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  • 1. WISDOM NETWORKS Transparency, accessibility, liquidity, meritocracy, global, distributed INFORMATION AGE Opaque, liquidity for large companies, centralised in financial centres 90 days to launch ... 2 years for global adoption? Equity Market Wisdom Wisdom Networks crowd create equity market revolution and evolution An expanded reading version of a presentation by @marcuscake at @YMarkets conference on 6th June 2013 Please share! Current version at http://is.gd/wnccem @marcuscake WisdomNetworks.im CC BY-NC-SA 3.0
  • 2. The four "take aways" from this presentation We can complete an Equity Market revolution in 2 years (after launching in 90 days) ... or evolution will deliver it in about 16 years We need a revolution in capital markets to: ● fund the growth of SME's and deliver the necessary standards of governance, transparency and accountability required by the market ● make sure we find and support the innovation the community needs, ● to create employment; ● turn around global declining or negative productivity; and ● break through GDP growth cap Equity Market Wisdom is just a cloud (or crowd) of "things", books, process, companies, advisers and investors achieving outcomes It's not a revolution ... it's evolution ... the community (or crowd) has been bringing us to this point over decades
  • 3. Distributed economies, society or communities are today’s structure to deliver productivity, sustainability and growth … 100 year old centralised structures are socio-economically and environmentally unsustainable Distributed economies (DE) are “a fresh strategy to guide industrial development towards becoming more sustainable. The concept calls for a transformation in the industrial system towards DE departing from the socio-economically and environmentally unsustainable dynamics associated with large-scale, centralised production units that are favoured by neoclassical economic drivers.”1 100 year old structures from the industrial Revolution Hierarchies use point to point communication and put 2 information elements in the internet Today’s structure Wisdom Networks enable peer to peer collaboration and put all 6 information elements in the internet 1. Distributed economies – A new engine for innovation, Allan Johansson, The International Institute for Industrial Environmental Economics, 2005 ( http://www.sciencedirect.com/science/article/pii/S0959652604002719 )
  • 4. People are evolving toward digital "books" shared with everyone, everywhere, anytime across all communities ... and crowd creates the next an era of distributed prosperity! Facebook bought "brooks" to social in 10 years Facebook reduced social interaction to books of “things” that could shared with anyone, everywhere and restructured global social time and attention and achieved transparency and meritocracy in less than 10 years. Wisdom Networks bring "books" to everything else in 2-5 years Wisdom Networks will reduce organisations, industries and society to books that can be shared with anyone, everywhere, anytime and transform organisations, industry and the remainder of society within 2-5 years. Only 30 networks required to achieve distributed prosperity? As few as 30 wisdom networks can transform society and achieve distributed prosperity. Each can be launched within 90- 180 days and achieve critical mass within 2-5 years. Hierarchy (individuals have influence) Shared Digital Books (everyone has influence)
  • 5. HEALTHINDIVIDUAL GOVERNMENT INDUSTRY Doctors, nurses and patients GOVERNANCE Government Department(s) EQUITY MARKETStock exchanges ORGANISATION EDUCATION Teachers and students Politicians SME's, investors and advisers Wisdom Networks crowd create the Network Society We need wisdom productivity, growth and wealth to sustain society Wisdom Networks crowd create productivity, growth, transparency, and distribute influence across the Network Society in shared books DEMOCRACY
  • 6. History shows us that all communities evolve and produce more with less over time Wisdom Networks lift potential output from 18% to 57.5% ... 3.15 times the output! Wisdom Networks lift community output from 18% (Information Age) to 48.75% by lifting productive work time from 28% to 75% Wisdom Networks expand access and capture community contribution and add 8.75% ... global contribution a bonus! PEOPLE PRODUCTIVE WORKTIME 65%Workers 28% HIERARCHY (Services sector) POTENTIAL GAIN TO HIERARCHY OUTPUT by restructuring human time and attention) 100% NON SERVICES POTENTIA L GAIN FROM NON SERVICES ? Non-workers WHAT CAN THE CROWD BE MOBILISED TO DO? POTENTIAL GAIN FROM NON HIERARCHIES? 75% POTENTIAL PRODUCTIVE OUTPUT OF ANY COMMUNITY (ORGANISATION, INDUSTRY OR SOCIETY) 18.2% Hierarchy output Information Age output can never exceeds 18% of potential output (contribution limited to hierarchies) Extra 30.55% from Wisdom Wisdom Networks can achieve 48.75% of potential output (productive time increases from 28% to 75%) Extra 8.75% from community Wisdom Networks can organise contribution from outside hierarchies everywhere Add ?% from Global Community Wisdom Networks can capture contribution from the global community virtually! Growth bonus!
  • 7. DISTRIBUTED DECENTRALISED WISDOM NETWORKS PROSPERITY Shell defines WHAT? two alternative scenarios are in our future ... Wisdom Networks are HOW? we crowd create a better world and prosperity @marcuscake WisdomNetworks.im CC BY-NC-SA 3.0 STATUS QUO CENTRALISED INFORMATION AGE STAGNATION Source: 1 Shell News Lens Scenarios (is.gd/newlens) Mountains (Shell scenario) "The first scenario, labelled “mountains”, sees a strong role for government and the introduction of firm and far-reaching policy measures. "1 "This is the world with status quo power locked in and held tightly by the currently influential. Stability is the highest prize: those at the top align their interests to unlock resources steadily and cautiously, not solely dictated by immediate market forces. The resulting rigidity within the system dampens economic dynamism and stifles social mobility." 1 Oceans (Shell Scenario) "The second scenario, which we call “oceans”, describes a more prosperous and volatile world. Energy demand surges, due to strong economic growth. Power is more widely distributed and governments take longer to agree major decisions. "1 "Influence stretches far and wide in the world of Oceans. Power is devolved, competing interests are accommodated and compromise is king. Economic productivity surges on a huge wave of reforms, yet social cohesion is sometimes eroded and politics destabilised. This causes much secondary policy development to stagnate, giving immediate market forces greater prominence."1 Who will choose (and create) the future? People, corporations or goverment We could implement this future in 2 - 5 years We could be in a "trapped transition" for another 16 years
  • 8. Information technology Wisdom NetworksHierarchy Wisdom Networks crowd create distributed prosperity Productive time worked 28% 75%+ Productive time worked Standard of living Standard of living Productivity -2% to 1% (& declining) Exhaustion (Wealth transfers) Information Society Prosperity (Wealth creation) Global community Wisdom Books Countries Network Society Productivity Private networks Internet of Everything (IoE) Institutions Community (Crowds) The Path of decline Apathy Unemployment Expenditure exceeds income Debt Fraud Bankruptcy Conflict The Path to Wisdom @marcuscake WisdomNetworks.im CC BY-NC-SA 3.0 Information Age ends with centralised stagnation We can evolve to the next stage ... by implementing Wisdom Networks to focus the wisdom and effort of the community Open platforms Proprietary solutions ContributionConsumption 18% 55%+Very Low Potential output High Potential output
  • 9. Organisations, industries and countries choose their pathway to the future ... "trapped transition" (by default) or "Punctuated reform" Punctuated reform (productivity, growth) "When stresses rise, and a crisis emerges, some actors exhibit relevant forms of resilience that enable them to adapt and reform. "1 "Financial, social, political or technological capital encourage early action and result in effective change/reform."1 Trapped transition (drift, decline, collapse) "Others, however, struggle until the crisis escalates to a level that enforces either dramatic and painful restructuring or collapse."1 "Financial, social, political or technological capacity prove inadequate to withstand stresses. Behavioural responses delay change, causing conditions to worsen until ultimately a reset is forced or a collapse occurs."1 Source: 1 Shell News Lens Scenarios (is.gd/newlens) @marcuscake WisdomNetworks.im CC BY-NC-SA 3.0
  • 10. Declining or negative productivity is the world's largest problem ... incremental investment in the status quo suffers diminishing returns Productivity is the world's greatest problem! Global productivity declined to 1.8% last year. Stalled or declining productivity is a long term trend. Overcoming declining productivity What innovation could possibly induce so fabulous a speedup in economic growth? It is easier to say what could not. Because of diminishing returns, no change that improved just one small sector of the economy could do the trick. Insanity of investing in the status quo Due to diminishing returns, incremental investment in information or management technology will not increase productivity. "Insanity: doing the same thing over and over again and expecting different results". - Albert Einstein
  • 11. General purpose technology drives most economic growth. First generation uses it within the status quo. The second generation reshapes the status quo. We can't afford to wait 30 years for the next generation to use the internet to reshape health Erik Brynjolfsson: The key to growth? Race with the machines, TED, February 2013 "Let's start this story when 120 years ago American factories started to electrify their operations igniting the second industrial revolution. The amazing thing is that productivity had not increased in those factories for 30 years. 30 years! That's long enough for a generation of managers to retire." "You see the first wave of managers simply replaced their steam engines with electric motors, but they didn't redesign the factories to take advantage of electricity's flexibility. It fell to the next generation to invent new work processes and then productivity soared often doubling or even tripling in those factories. Electricity is an example of a general purpose technology like the steam engine before it." "General purpose technologies drive most economic growth because they unleash cascades of complementary innovations like light bulbs and factory redesign." - Erik Brynjolfsson 1 The internet is a general purpose technology ... history shows us they have a predictable impact on growth and producivity. First generation sped up information structures The first generation has used it speed up the status quo ... 100 year old information hierarchies. They haven't used it to take advantage of the internet's flexibility. Second generation reshapes The second generation will use it to reshape the hierarchy to take advantage of the internet. Wisdom Networks crowd create the Network Society and deliver a rapid jump in productivity and growth. Information Age ... hasn't been a revolution There is no "revolution" in the productivity or growth performance of the Information Age. Repeating the innovations of the last 50 years deliver 1.8% If we match the pace of Information Age innovation over the last 50 years, we can not achieve a GDP growth rate of greater than 1.8%. We are unlikely to achieve 1.8% GDP growth.
  • 12. Only restructuring human time and attention can deliver the radical jump in productivity and growth Only restructuring human time and attention Only human time and attention is all pervasive. Only the restructure of human time can deliver a jump in productivity and growth Wisdom Networks restructure human time and attention Wisdom Networks: ● provide a more efficient means of person to person communication ... and exponentially more efficient means to share knowledge and focus wisdom and effort in real- time ● deliver transparency, meritocracy, liquidity, and accessibility to any community ● you only need one across the world to run multiple communities ... Facebook organises 500m+ Technological Singularity "Singularity is the point at which “all the change in the last million years will be superseded by the change in the next five minutes.” Kevin Kelly,Wired Magazine “… a future period during which the pace of technological change will be so rapid, its impact so deep, that human life will be irreversibly transformed. Although neither utopian nor dystopian, this epoch will transform the concepts that we rely on to give meaning to our lives, from our business models to the cycle of human life, including death itself.” – Ray Kurzweil "The technological singularity is the theoretical emergence of superintelligence through technological means." – Wikipedia Information technology CountriesHierarchy INFORMATION AGE Network Society Wisdom Networks Wisdom Books WISDOM
  • 13. Only restructuring human time and attention with wisdom networks will provide a radical jump in productivity, growth and wealth to sustain society Network Society Information technology CountriesHierarchy WE NEED TO MOVE FROM THE INFORMATION AGE - IT'S EXHAUSTED! Wisdom Networks Wisdom Books CRISIS Sub-optimal outcomes, declining or negative productivity, society reduced to wealth transfers WISDOM Only restructuring human time and attention can deliver a radical jump in productivity and growth to improve outcomes COLLAPSE
  • 14. What does an equity market revolution look like?
  • 15. The outcome: What does a equity market revolution look like? it has cost institutions trillions and decades to create distribution - internet "distribution" is now free for everyone ... 1 Reproduced with permission of the author "Capital Markets revolution, Patrick Young, 1999 Physical Virtual Institutions Crowd Centralised Decentralised Global sectors, not financial centres “The stock exchanges of the future will migrate away from the geographical bounds that the interest groups behind any potential European Stock Exchange seek to retain. Instead of a national view, a sector approach is emerging: for example, investors will not view the market in terms of, say, Germany, Sweden or the UK. Instead, their view will be in terms of pharmaceuticals, IT or forest products.”1 Per E. Larsson, CEO, OM Group Only need a handful of "macro exchanges" "In the Capital Markets Revolution the capacity of digital technology to bring together all fixed points to another fixed (or indeed floating) point means that technology of the internet generation will decimate the world’s existing stock exchanges. Fewer than five major stock markets will remain by 2010. Perhaps two or three of these will be entirely electronic markets which have not yet been created."1 Collaborative! Price is not a market ... our Macroexchange needs to be collaborative! Employment Freelancers Corporate brand Personal Brand Price Collaboration Onshore Offshore Megabanks (50,000 people) Microbanks (30 people) Large corporates SME's Capital intensive Social network intensive
  • 16. One wisdom network could facilitate a global Equity market and provides capital, virtual governance to innovation and SME's everywhere Collaborative Macroexchange combines the transaction capability of a stock exchange with a wisdom (knowledge and collaboration) network to achieve greater levels of transparency, liquidity governance and accessibility for innovation, ventures, SME's and large corporates. Features added to a stock exchange include: ● Wisdom Books provide a comprehensive and efficient means of person to person communication, displacing fragmented, opaque and incomplete information technology ● Directories (CompanyBook, AdviserBook, InvestorBook) ○ tag based search finds "things" in minutes ○ self published ● Information distribution ○ publish hundreds of different types of information ● Governance ○ BoardBook: virtual director meetings ○ Memberbook: shareholder meetings (event management and information distribution) ○ RegisterBook: online statutory record keeping ○ RegisterBook: virtual company and other statutory registers ● Forms ○ FormsBook: preparation, document execution, contracts ● Collaboration ○ Knowledge management ○ Task management ○ Timelines (audit trails, project plans) A Cloud based "Collaborative Macroexchange" could achieve a global equity market with a greater degree of transparency, accountability, features, depth and meritocracy.
  • 17. Our cloud (or crowd) based "Collaborative Macroexchange" needs to have all elements of a "market" Transparency Governance Accessibility Liquidity Capital allocation Accountability Remote services Tag based search finds every "thing" in minutes Virtual AGM Virtual Board meeting Wisdom Books show every "thing" linked to some "thing" everywhere, anytimeCritical mass Meritocracy support SME's Forms Talent on-demand (hourly, project, permanent) Community ratings One place Community view Published by source Trust Like, EBay, community dissatisfaction may result in account deletion Support Innovation
  • 18. Our Macroexchange deepens, expands and integrate the global capital market Large companies (Blue chips) SME’s (Green chips) Ventures Early stage innovation Applications + Workflow CollaborationContent management Prices DEEPENS: Capital and service delivery to lower tiers from large companies to SME’s EXPANDS: more features and functionality Specialist financial centres Top 5 Financial Markets Developing countries Major financial markets INTEGRATES: a global market with transparency Benefits ■ Global ■ Liquidity ■ Meritocracy ■ Transparency ■ Accessibility: ■ Productivity ■ Utilisation of people increases ■ Global labour market ■ Global capital market ■ Improved capital allocation Engineering & Inspiration
  • 19. People can find any "thing", anywhere in the market concerning any one “I need a lawyer, corporate adviser, underwriter, investors and broker experienced in UK technology listings Company I am making an investment in a foreign company. I need a local freelance adviser to monitor my investment” Investor I am looking for internet and biotechnology companies in Asia Pacific?” Investor “I am looking for $5-10m Chinese technology companies to help grow” - Adviser "I am looking for Spanish mining companies” Investor
  • 20. Wisdom Networks A cloud of things, books, communities, process and outcomes distributed among people
  • 21. Web 4.0 Integration (read, write, execute, link) After a long wait, all the pieces have finally come together ... let's get started ... we can accelerate evolution Time Web 3.0 Collaboration (read, write, execute) Web 1.0 Distribution (read) Web 2.0 Participation (read, write) Community connected The community needs to be connected ... society crowd created connectivity (ie the internet) Information available by URL The community crowd created information (ie the World Wide Web) Connections need to be rich All types of information needs to be exchanged between participants Speed Fast enough to allow real-time person to person communication Software Society has crowd created open source software Content Management System We need a highly sophisticated generic system to manage community content ... let's not reinvent the wheel "Wisdom of Crowds" Our system needs to focus the effort and wisdom of the community on outcomes... a Wisdom Management System (WMS) does that for us Motivation: Crisis Change only occurs when people are pushed from the old AND pulled toward the new. We have a many crisis including productivity, GDP growth caps and others that reveal failures of "Information Age" structures Wisdom Networks
  • 22. Let's revolutionise the equity market ... launch in 90 days ... transform in 2 years Start in 5 days Customised over 60-90 days Marketing 1 2 3 Cloud power Accessibility Entrepreneurs Endorsement to create and inspire adoption Statesmen Endorsement and aligning government tiers with common objective Media Partnerships Government Government departments participate to encourage and regulate 4 Scalability Adoption Customised in 30-90 days Marketing Break-even Critical mass Growth Stakeholders Recruit existing organisations for inspiration and early adopters 5 Integrate Share Link "The revolution will be televised"
  • 23. Devices Family Individual Organisation Democracy Innovation Education Equity Market Health Economic development Knowledge (Books timeline & Maps) Wisdom Networks make use of Internet of Everything (IoE) What we connect? Everyone can see every "thing" so everybody can participate and contribute everywhere How we connect? Every community is reduced to 6 types of "Things" which are tagged, linked ,and shared to create "Books" which consumers push through a process to achieve outcomes What is the Internet of Everything (IoE)? According to Cisco, "the Internet of Everything (IOE) brings together people (humans), processes (manages the way people, data, and things work together), data (rich information), and things (inanimate objects and devices) to make networked connections more relevant and valuable than ever before - turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries.” “$14.4 trillion of value (25% of global corporate profits) will be created or redistributed by the “Internet of Everything” (IoE) between 2013 and 2022.” What are Wisdom Networks Wisdom Networks organise the IoE using "Things" collected into "Books" so that everybody can see, participate or contribute to each of their communities in real-time from their mobile device or browser.
  • 24. Wisdom Networks put more of the equity market's interaction in the cloud and integrates everything Networks Mobile voice Messaging Media Cloud GDocs DropBox Skype SugarSync LinkedIn and other social networks WhatsApp AsanaGoogle Hangout Link to other "Things" by URL Books MapsTimeline Individual Organisation Health Equity Market Innovation Management Government Education Economic Development Democracy Profiles Groups Forms Media Files Workflow Events Tasks Tags Links Sharing Groups NATIONAL WISDOM NETWORK Web 4.0 Global Integration 1990 2020 Web 3.0 Industry collaboration Web 1.0 Information Distribution Web 2.0 Social Participation Wisdom Networks add community, collaboration, knowledge and wisdom ... to data and information already in the cloud Wisdom Networks integrate existing data and information technologies
  • 25. Equity Market Wisdom ... this is what revolution looks like! Create "things" ... Link "things" in "books" ... Share "books" with others ... Achieve outcomes RED arrow for popup
  • 26. Wisdom Books are a comprehensive and efficient means of person to person communication replacing fragmented, opaque and incomplete information technology
  • 27. Books show linked Information, Community, Collaboration, Knowledge, Wisdom and hover for details ... A few things! Lot's of "things" Hover over red arrows anywhere for instant information
  • 28. Wisdom Books reveal Knowledge and focus Wisdom about any "thing", anywhere, anytime to anyone an evolution of different technologies that linked and distributed "things" Stone tablet (single page of information storage) Bamboo book (binding of thin pages increases capacity) The Wisdom book is a set of internet pages or "things" (data, information, community, collaboration, knowledge, wisdom) linked together in the cloud. The Wisdom Book is a virtual counterpart to things in the physical world. Capture Storage Transmission Digitisation Web site Wisdom Books Global Distribution Rapid results for consumers A consumer can create, link/share a "thing" or "book" in less than a minute! Rapid Network Communities New "things" and "books" can be added to a Wisdom Network in less than 2 hours ... communities can be defined rapidly!
  • 29. ADVISERS can contribute to any and all "Books" from anywhere Organisation(Book) "Things" include profile, availability, services, ratings, references Form(Book) Collective form preparation, execution and lodgement Shareholder(Book) "Things" to share with shareholders and collaborate Companies, advisers and investors share knowledge and focus wisdom through wisdom books Books encompass entire market include innovation, SME's, public companies and large corporations Lawyer(Book)Accountant(Book) EGM(Book) Investment(Book) All "things" relating to an investment IPO(Book) "things" lined to a hospital AGM(Book) "Event management and shareholder communication M&A(Book) All "Things" linked to a sale or purchase of a business Adviser(Book) Venture(Book) Consumers organises education "things" StockExchange(Book) "Things" include buyers and sellers, price and volume Contract(Book) Secretary(Book) "Things" include profile, availability, services, ratings, references Investor(Book) "Things" include profile, availability, services, ratings, references Board(Book) "Things" ilinked to a Board meeting Regulator(Book) "Things" include profile, regulations, lodgement, public registers Innovation(Book) "Things" linked to an Innovation Register(Book) "Things" linked to the Statutory register COMPANIES (offer transparency and real- time governance) MARKET (created by sharing Wisdom Books) INVESTORS (transparency and real-time access to every "thing" VentureCapitalist(Book) "Things" include profile, availability, services, ratings, references GOVERNMENT Law(Book) Law "Things"Regulation(Book) Regulation "things" Bureaucrat(Book) Profile and person can gain access to all other books if linked to this one Fund(Book) "Things" include profile, availability, services, ratings, references Research(Book) Trustee(Book)
  • 30. Analyst "things" are created, tagged and linked in a minute and appear in the necessary books instantly ... equity market becomes real-time knowledge, action and wisdom Add a "thing" to a book in less than a minute ... for everyone to see and take action in real-time Company All "things" linked to a company Regulator "Things" linked to a carer Investor All "things" linked to an investor IPO Share Price Contracts Announcements Prospectus KNOWLEDGE WISDOM THING Investors sees all content of Company(Book) BOOK KEY Research MemberMeeting All meeting "things" Forms "Things" linked to a board meeting Board "Things" link to board meetings Venue Reports Advisers are given access to Books ... and create "things" in the equity market Accountant Director Shareholder All "things" relevant to shareholders MemberBook All shareholder "things" Company Secretary Manager
  • 31. Every "book" is focused on outcomes ... you can assemble how things come together in the future to achieve them less human focus and attention is directed to process Each Book defines outcomes "Things" appear in a timeline You can assemble and see how "things" (information, community, collaboration, knowledge, wisdom) come together ● Past: Audit trail ( list of past "things") for accountability ● Present: organise everything today and let it unfold tomorrow ● Future: Project plan (a list of future "things") to focus or schedule future community effort Meritocracy Transparency encourages accountability Collective knowledge achieves meritocracy
  • 32. The "ShareholderBook" and "AGM Book" A Wisdom approach to Shareholder Meetings The body that probably knows most about annual general meetings, corporate governance and regulation wants the federal government to destroy the AGM as we know it and start afresh with something more closely related to the 21st century than the 19th. If Chartered Secretaries Australia has its way, the tedious ritual and decision making function would be removed from the AGM – no more voting, no more chairmen with proxies in the back pocket making the whole process a dead rubber anyway, no more technical shilly-shallying over motions put and seconded and points of order. The necessary voting functions would be separated from the AGM and handled electronically, freeing the meeting from historical records and process and, potentially, allowing it to become a genuine engagement by directors and senior management with shareholders large and small. CSA – the professional body representing the nation’s company secretaries - wants the AGM to become more focussed on a company’s future rather that the historical record of the previous financial year. That should re-engage the institutional shareholders and analysts who generally give AGMs a big miss, leaving the floor to a relative handful of retail shareholders and the odd special-interest group with barrows to push and axes to grind. Read more: http://www.smh.com.au/business/from-the-ashes-a-new-agm-could-arise-20130109-2cfe8.html#ixzz2HQiFmzw1 ShareholderBook (communication before meeting) The "ShareholderBook" performs the following functions: ● preparation of shareholder material by executive team and external parties ● distribution of digital information to shareholders via "Book" at URL ● online discussion of information prior to meetings ● online polls before meeting ● real-time communication with ShareholderBook year round AGMBook (organising and running the meeting) The "ShareholderBook" performs the following functions: ● event management and organising the attendance of people - RSVP's ● distribution of information via "ShareholderBook" prior to meeting ● collection of proxies - shareholders link their "proxy" thing to the AGMBook ● results of meeting distributed by simply adding "things" to the ShareholderBook ... people that are watching the book are sent new things immediately
  • 33. FormsBook shows all Forms "Things" at various stages We can't have Wisdom if we are overwhelmed with forms! A Wisdom Network also allows: ● Preparation of Forms ● Save Forms in Word or PDF ● Assigning Tasks or organising Workflow ● an audit trail of activity ● Discussions ● The addition of a signature ● An audit trail regarding each "Thing" ("Form") ● new forms are driven by text templates and be added simply ... maybe, as simple as saving a Word document in XML format "The Small Business 'common app' would function much like the one that students complete to apply to multiple colleges and universities simultaneously. It would ensure that small businesses across the country can concentrate on growing and creating jobs - not wasting time, filling out mountains of repetitive paperwork." - Kay Hagan
  • 34. Equity Market Wisdom
  • 35. A virtual market with transparency, instant knowledge sharing and collaboration improves capital allocation
  • 36. Country or regional views of the global market Investors drill-down to the "Books" which make up the market and request access to them
  • 37. Wisdom Networks crowd create the Network Society Equity Market wisdom allocates capital and creates wealth to sustain society HEALTH INDIVIDUAL GOVERNMENT INDUSTRY Doctors, nurses and patients GOVERNANCE Government Department(s) EQUITY MARKET Stock exchanges ORGANISATION EDUCATION Teachers and students Politicians SME's, investors and advisers Wealth creation SME's are a major employer, source of growth and innovation
  • 38. The industry returns to cafes - digital, deeper (SME's, innovation), more functional, transparent, accessible “London's first stockbrokers, however, were barred from the old commercial center known as the Royal Exchange, reportedly because of their rude manners. Instead, the new trade was conducted from coffee houses along Exchange Alley. By 1698, a broker named John Castaing, operating out of Jonathan's Coffee House, was posting regular lists of stock and commodity prices. Those lists mark the beginning of the London Stock Exchange.” Wikipedia
  • 39. Why Not? Wisdom Networks will set fire to your crops and asphyxiate your children! Reluctance to change “And typically, vested interests fight against change. People that have an interest in the old ways of working, people that dominate face-to-face meetings and like that a lot, for example—they don’t want to move toward some other kind of platform where it’s more of a meritocracy, rather than a personality thing.” Don Tapscott Lobbying by industry against wisdom “Dear Mr. President: The canal system of this country is being threatened by a new form of transportation known as ‘railroads’ … As you may well know, Mr. President, ‘railroad’ carriages are pulled at the enormous speed of 15 miles per hour by ‘engines’ which, in addition to endangering life and limb of passengers, roar and snort their way through the countryside, setting fire to crops, scaring the livestock and frightening women and children. The Almighty certainly never intended that people should travel at such breakneck speed." – Martin Van Buren, Governor of New York, 1830. Fear, uncertainty, doubt “Rail travel at high speed is not possible, because passengers, unable to breathe, would die of asphyxia" – Dr Dionysys Larder (1793-1859), professor of Natural Philosophy and Astronomy, University College London“
  • 40. We are starting to reconsider existing information Age approaches to information and security which will enable Wisdom networks The citizen owns personal information "Personal information becomes legally recognized as yours While there is a push by the White House and others to implement a consumer privacy Bill of Rights that increases consumer privacy, a larger shift is already under way that will radically shift the security and privacy debate. In the future, you may own the data that exists about you or that you create online, rather than it being owned by the companies that collect it (like Amazon.com, Facebook, Google, and Twitter)." Personal Wisdom Network shares with larger wisdom networks "Personal data stores protect your information—In addition to enabling you to know about and control your own information, data ownership will allow you to protect your information. Data stores will also help us benefit from our own information." Access to your personal data is a fundamental human right "When you have legal rights over your information, you have more control over how it is collected and used. This view that data about you is property, and that you own it, is gaining momentum, such as in the United Kingdom, the World Economic Forum, and the European Union’s recognition of personal data protection as a fundamental human right." The Network asks the individual about access to their information in real-time " ... the network itself will play an important role in improving IoE security. Currently, network intelligence is mostly centralized and often resides far away from the “edge” of the Internet. As networks evolve along with IoE, the ability to make intelligent decisions based on data as it enters and flows over the Internet will be more distributed (located where ever it’s needed). With this ability, security threats, for example, could not only be stopped, but also identified and located before any harm is done. Answering the Two Most-Asked Questions About the Internet of Everything #IoE, Dave Evans , March 18, 2013
  • 41. Wisdom Networks deliver 80% of the outcome at <10% of the costt less technologies + more results delivered within 6 months to a global community ● Pareto principle - 80% of the outcomes for <20% of the effort or cost ○ an 80% outcome deployed quickly within 6 months ○ The pursuit of the additional 20% dramatically increases cost and probability of failure ● Global coverage encompassing all countries ○ Each country is simply a "tag" identifying where the "Thing" is ● A Wisdom Network is assembled from open source technology (not built from scratch) ○ Large global communities can deliver real-time merit based innovation and services ○ Open source has <25% of the Total Cost of Ownership of Proprietary software ○ Assembling open source faster than coding proprietary and a richer pool of innovation ● "Things" are simply links of data or files direct from their source (or where they were produced) ○ By linking direct to source, some of the cost and delays of "Big Data" can be avoided. The Wisdom Network just indexes, and does not need to produce the "Thing". Other SaaS can produce or modify "Things". ○ Source include: A "personal data store" on a mobile phone, open data from enterprises and SME's ○ Avoid some "Big data" costs: Big data will drive US$28 billion of worldwide IT spending in 2012, growing to US$34 billion in 2013, according to Gartner, Inc. Big Data to create 4.4 million IT jobs globally by 2015 ● Less hardware, software and communications technology ○ Wisdom Networks only require a handful of technologies ○ Web application: Linux Apache MySQL PHP ○ Cloud servers: Amazon ○ Devices: Tablets and phones (probably Android because of greater power and versatility) ○ Internet Browser: ○ Communications: Skype and Internet (or TCP/IP) ● 500 "Things" in one place mean less integration cost and complexity from integrating fragmented, incompatible information technology ○ Desktop and most SaaS applications manage a handful of "things" (mainly "information" and "1-2 "collaboration") General Benefits ● Meritocracy ● Transparency ● Accessibility: ● Productivity ● Growth ● Accountability ● Wellbeing ● Utilisation increases ● global labour market ● Global capital market ● Global responsibility Developing countries can go straight to Wisdom Networks ● Developing countries saved billions by installing mobile phone networks and bypassed expensive copper fixed lines. ● Developing countries can save billions again by deploying comprehensive Wisdom Networks, rather than conventional, enterprise information technology and hierarchical management structures
  • 42. Questions and answers asked at the @YMarkets conference Question #1: How do you make money? Answer: There are 30-40 books in the equity market. Each one has a value to the consumer of between $100 and $10,000 per annum. If we assume all books yield $100 per annum, then 1m books yields $100m and a net profit of $60-70m and a shareholder value of $700m+. It is also highly likely, that any single person would use multiple books through the year. The costs of running and launching the business are neglible and it could be grown organically. Question #2: Regulation? Answer: Collaboration is not a regulated activity. Equity Market Wisdom does not, itself, engage in a (currently) regulated activity. It is more like a telecommunications company that is offering a superior means of person to person communication. It is like an ISP with a superior email. It does not actually store any information and only provides links to it. The law does not hold ISP's accountable for content on their network unless they fail to take rectifying action when notified of a problem (ie copyright infringement for example). Regulation is focused on conduct of market participants and suitability of companies to become exchanges to determine price between buyers and sellers. Equity market wisdom has minimal interest in price (high capex, high regulation, low margin, high barriers to entry). Equity Market wisdom simply reorganises person to person communication within the equity market. There aren't regulations that define how a community must collaborate. Regulations, rarely, required facsimile copies of documents in collaboration although mandating information age technology and structures occurs. It may be that an offshore location becomes a success factor in Equity Market wisdom if government chooses to mandate information age practices which prevents wisdom from emerging. Question #3: Liquidity? When I was asked this I was unsure of the answer. Given the audience, it was a reference to buyers and sellers of equity. However, there are 3 types of liquidity - information, collaboration and investment. Information liquidity is likely to be reached as people use the books to communicate with others in a better way. Collaboration liquidity is reached when there are enough people involved to make it a viable market to source and provide remote services. Collaboration liquidity is a high margin business. Investment liquidity occurs when Equity Market wisdom becomes a market (in all aspects as idenitifed earlier in the presentation). Financial forecast (based on half years - one to startup, and four half years to achieve equity market wisdom)
  • 43. Wisdom achieves Prosperity Society Wisdom Equity Market Wisdom Health Wisdom Contact e: mcake@wisdomnetworks. im Skype: marcuscake @marcuscake European Wisdom Management Wisdom Wisdom Book Features Industry Value proposition and impact of Internet of Everything (IoE) Rollout process (guide) 200+ blog articles Courses / Video training Membership Groups (private) Wisdom Networks Technology overview Business Model and Financial forecast Introduction letter: Telecommunications Economic Development Europe Video (3 mins): A demonstration of the Network Society Services We would prefer to turnkey a Wisdom Network for you and get out of your way, but we can ... TURNKEY PLATFORM / VENTURE EVANGELISM , STRATEGY, MONETISATION , BUSINESS MODEL (Your) CENTRE OF WISDOM MAINTENANCE AND SUPPORT Economic Development 4.0 Equity Market 4.0 Health 3.0 Management 3.0 Resources: Accelerate the "Wisdom of Crowds" (r)evolution Wisdom needs to scale quickly .... an overview of resources available at www.wisdomnetworks.im/resources Old pre-wisdom "Central Brain" presentations

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