With Wikinomics

The five principals of Wikinomics

• Collaboration.

• Openness.

• Sharing.

• Integrity.

• Interdependence.

Transparency is necessary

The wisdom of the crowd.

vencorps.com innovation in venture capital

Peer to peer social lending platforms.

Jay Rogers of Local Motors uses micro factories and mass collaboration to

design and manufacture automobiles.

Linux shows that open source can generate big profits.

• Cost 10 billion to produce.• Now a 50 billion a year industry. • Embraced by IBM, Google and Apple.

But some critics say Linux and the open source movement is socialism.

Many large corporations have embraced open collaboration and

have realized huge profits.• Proctor and Gamble uses InnoCentive, an

online collective of over 200 000 scientists.

• The problem of wrinkle free shirts was solved by a scientist in the semi conductor field; the wisdom of the crowd and open innovation.

Can we really solve 21st century problems without embracing the

principals of Wikinomics?

• The average car creates 28 tons of waste just in its manufacturing.

• 600 million cars on the road at time of publishing.

• By 2050 there will be 700 million cars in China alone.

We need an energy grid that is intelligent, decentralized, transparent

and open source. Is this socialist?

What would a Wikinomics solution to climate change look like?

• Scientists use Google Earth to track deforestation.

• EarthLab, one of the most popular online carbon calculators.

CDP works with institutional investors.

An organization based in the United Kingdom which works with shareholders andcorporations to disclose the greenhouse gas emissions of major corporations.

Online detailed assessment of products and the supply chain behind them.

Open source education.

Online collaboration tools for education.

• Sakai is a community of academic institutions, commercial organizations and individuals who work together to develop a common Collaboration and Learning Environment.

•Rate My Professors is the best online tool for college professor reviews and ratings based on student feedback.

Online scientific collaboration.

Citizens Science Alliance.

• The CSA is a collaboration of scientists, software developers and educators who collectively develop, manage and utilize internet-based citizen science projects.

OpenWetWare is a wiki whose mission is to support open research, education, publication, and discussion in biological sciences and engineering.

The Public Library of Science is a nonprofit open access scientific publishing project aimed at creating a library of open access journals and other scientific literature under an open content license, and is now the most respected medical journal in the world.

Online medicine.

• Rate my MD.

• Patients Like Me, for people with rare diseases.

• Sermo, an online doctors lounge.

In the U.K. in 2006 Twitter revealed what company was behind a toxic

waste spill in the Ivory Coast.

Even though there had been a court ordered ban on media

information.

Traditional media is greatly impacted by the internet; revenues dropping.

• Traditional media did not predict the economic crash of 2008, because it is owned by Wall Street.

• Investigative Journalism has suffered.

• ProPublica , non-profit online investigative journalism.

Leo Laporte started his own podcast because he refused to dumb his

material down. It is now the most popular tech show in the world

Revolution: Wikinomics in Government.

• One of the first places we saw the impact of social media on international politics was in Iran’s Green Revolution in 2009.

• And the Arab Spring in 2010.

Digital Democracy.

• The five principals of Wikinomics in government. Open data in government.

Citizen Power.

• Cop Watch.

• Corp Watch.

NGO’s are now the eighth largest economic sector, providing 15 billion in aid annually.

Micro Finance.

• Kiva.org

• The Grameen Bank

Davos World Economic Forum

• We need a new approach based on collaboration and transparency.

Netsquared matching entrepreneurs with social activism, focusing on

innovation.

The six rules of Wikinomics.

1. Don’t just create a product, create a platform.

2. Share your intellectual property.

3. Encourage people to organize.

4. Promote talented leadership.

5. Broaden and deepen cultural collaboration.

6. Empower the net generation.