People and organizations wonder exactly what does social media produce. Obsessed with gaining a result from social media everyone is creating measures to decide the ROI from social media. It’s kind of like trying to put and ROI on our educational systems.
If we collectively learn from each other are we not trading a “knowledge currency” in the form of a conversation? Do we as global citizens produce things from what we know and learn? If the answer is yes then “production” as we’ve known it can shifted from tangible things to the intangible. If that is the case then new value, a new economy and innovation will and is coming from the exchange of knowledge used to discover and create new things of value.
Dan Robles writes: The real estate market is trashed, money markets are unstable, commodities are in the tank, the banking system is corrupted to the core, inflation is looming around every corner, and the politicians are engorging themselves in a game of Cerebral Gridlock.
Literally, there is no safe place to put your money. Instead, people are investing their productivity in social media – social media is simply a storage device for knowledge assets. Soon it will become a stock exchange for knowledge assets. Investors should not take this lightly – the best place to store your money is in the real productivity of real people.
People are trading knowledge assets in social media. This exchange is denominated by a conversational currency. If we consider the structure of conversations and compare that to both the structure of social networks AND the structure of our financial system, we see a huge opportunity to develop an alternate financial system that can capitalize and securitized knowledge assets in social media.
If Dan’s perspective are anywhere close to reality than those that see it will create new value which begets a new economy. What do you see?
Music by Phil Felicia