The initiative

As our part in helping to make a smarter planet, impactRI are in the process of providing the technology of QIARK to the, so that thinking groups can apply their knowledge and expertise as Thinking Cooperatives.

Data as Capital

In recent articles, the Financial Times are suggesting that we are living in a brave new world, with entirely new currencies which require creative thinking economically, legally and politically.

They recognise, as we do, the potential for people to realise their ‘knowledge for value’ and call this ‘data capitalism’. They have applauded research into this area of the economy saying “it would be a wonderful thing if such projects flourished. …users around the world, including the US, would cheer them on.”

This is very important for us all.

The largest European economies, used to grow five percent per annum in the ’50s, ’60s, and early ’70s.

From 1973 to 1983 it was three percent per annum and from 1983 to 1995, just two percent per annum. Since 1995 it has been less than one percent per annum.

The same profile is true in Japan and in the US, despite a momentary rebound 15 years ago, and notwithstanding all of the technological innovations around us: the Internet and the new information and communication technologies.

When an economy grows three percent per annum, the standard of living doubles with every generation meaning that every generation is twice as well-off as its parents.

When it grows one percent per annum, it takes three generations to double the standard of living. And in this process, many people will be less well-off than their parents. They will have less of everything: smaller roofs, or perhaps no roof at all, less access to education, to vitamins, to antibiotics, to vaccination, to everything.

We at impactRI are developing a new type of business model… where people’s personal data is protected but where they will have the opportunity to be paid for their knowledge and input… and not in ‘tokens’ or ‘crypto’ currencies.

Further updates on this project will follow.

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