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Category Archives: Uncategorized

Documenting the Open Innovation Process

17 Sunday Oct 2010

Posted by Venessa Miemis in Uncategorized

≈ 12 Comments

Tags

Video

How can the open innovation process be made more transparent? How can information be more shareable and useable for others? How easy can we make it to modify, reshape, and build upon experimental frameworks and prototypes?

We’ve been asking ourselves these questions as we create the videoblogs documenting the Future of Money project. The episode above shows us reflecting a bit about the interviews we conducted, answering a few questions that were posed on Twitter, and enjoying the free time we were able to squeeze in here and there.

We plan to get into more specifics in upcoming episodes, but would love your feedback in the meantime. How could this collaborative storytelling project be improved? What parts of the process do you want to know more about? Let us know!

Investing in the Process, Not Just the Product

14 Thursday Oct 2010

Posted by Venessa Miemis in Uncategorized

≈ 7 Comments

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Design

Now that the whirlwind week of interviews for the Future of Money project has come to a close, we’ve been able to turn our focus to the layout and design of the personalized Open Innovation Certificate. (We’re creating these for everyone who donates $100 or more.) Thanks to the work of Patrizia Kommerell, our graphic designer, we think we’ve gotten a pretty spiffy result.

As we discussed what the text should read, it felt important to use language that went deeper than just a buzzword like “open innovation,” and instead try to convey something with thicker meaning. As you can see from the image above, we chose to title it “Patron of the Creative Process.”

This notion came to mind as I’ve thought about the way this whole project is being crowdfunded, and the realization that you’re investing in the process as much as the product. When we initially talked about fundraising, we considered using Kickstarter. With that service, you specify a fundraising goal and a timeframe to raise the money, and people pledge their potential donations. If the fundraising goal is met, the donations are processed. If it’s not, no donations are accepted. While this model works well, the constraints don’t quite fit with what we’re doing. We chose to take a leap of faith, and made a commitment to create this video regardless of if we make a dime or not. We’re just doing it.

Amazingly, despite this fact, we’ve already received almost $4,000.

Of course, that’s led me to ask myself – Why?

When it comes down to it, we want to participate in the process of creation.

It feels good to be part of something bigger than ourselves! Though I took the initiative to start this project, I’m only a small part of it in the scheme of things. The momentum is building because others have gotten involved – amplifying the messages on twitter, commenting on our blogs, connecting us to interesting people to interview, and contributing through donations. Though there will be value in the final product, I feel that the wealth is being generated now as the people who care about this topic come together, exchange information and ideas, and build relationships.

And secondly, the process itself is the innovation. The fact that I’m sitting in a studio right now in Berlin writing this, after having conducted a week of interviews with people on multiple continents via webcam over Skype, to be pulled together in less than two weeks into a video that will be presented at a financial conference in Amsterdam – is all pretty incredible. We’re doing our best to videoblog, update, and document everything we’re up to, in hopes that others will build upon this prototype.

That said, thanks for investing in our process, our talents, and our potential to inspire.

We’ll keep planting seeds and spreading memes! 😉

you can follow the future of money project at emergence.cc

Update: Second Round of Interviewees for Future of Money Project

12 Tuesday Oct 2010

Posted by Venessa Miemis in Uncategorized

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money + currency

Thanks to your support we reached over $3800 in contributions this week! We’re very excited about the possibility of reaching our first fundraising goal of $5000. In the meantime we’ve been too busy conducting video interviews to videoblog ourselves. Rest assured more videoblog updates will be on their way in the coming days. Here’s the list of our second round of interviewees:

Edward Harran is an attention philanthropist and former Palomar5 resident. He helps people spread, seed and share awesomeness. He’s currently experimenting with a micropatronage investment model to enable him to continue exploring a digitally (k)nomadic lifestyle.

Jessica Harris is the founder of Time Interchange New York and Co-Founder of One Blue Dot Share Networks, a platform where users can use their online social networks to to share skills, resources and goods and create their own complimentary currency.

Zaq Mosher is an abundance advocate and member of the MotiveSpace Coalition in Portland, a nonprofit community group researching models for sustainable property development.

Linus Olsson is the co-founder of Flattr, the world’s first social micro-payment system. He is also a web designer, photographer, coder, and a media producer with a dislike for copyright.

Stan Stalnaker is the founder and creative director of Hub Culture Ltd., a social network that merges online and physical world environments which uses Ven, a digital social currency priced in real time against a basket of currencies, commodities and carbon futures.

Caroline Woolard is co-founder of OurGoods, a barter network for cultural producers to exchange skills, space, labor and art objects. OurGoods manifests itself in Trade School, a non-traditional learning environment where students barter for instruction.

Georg Zoche is a lightweight aircraft diesel engine design engineer. Since 1996 he has explored the topic of “Global Governance”, resulting in a grassroots movement to establish a system of democratic representation within globalisation: The United Transnational Republics. Today, the “First Transnational Republic” has about 5000 citizens from over 100 nations.

The Rise of Collaborative Consumption

03 Sunday Oct 2010

Posted by Venessa Miemis in Uncategorized

≈ 89 Comments

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books

A few weeks ago, I got a copy of Rachel Botsman’s new book, What’s Mine is Yours: The Rise of Collaborative Consumption.

The general theme of the book is that we’re shifting away from a society of hyper-consumption and equating personal self-worth with amount of material good accumulated, and instead to a world where our ability to access and exchange resources, develop a reputation, and build community and social capital takes precedence in how we choose to express who we are and what we choose to define us.

The authors give hundreds of examples of how people are finding new ways to share and exchange value – what they call “collaborative consumption” – using social lending platforms (Zopa, LendingClub, Prosper), open barter networks (ITEX, Bartercard), peer-to-peer coworking and currencies (Hub Culture), reuse networks (Freecycle), car sharing (ZipCar, GoGet), bike sharing (BIXI), swap trading (SwapTree), and peer to peer rentals for plots of land (Landshare, a room for the night (Airbnb), or any other item you could imagine (Zilok).

The list goes on, and the book is packed with some pretty interesting statistics (for instance, did you know that bike sharing is the fastest-growing form of transportation in the world, or that peer-to-peer social lending is set to grow to $5 billion by 2013?). All the examples are broken down in three main categories of collaborative consumption: product service systems, redistribution markets, and collaborative lifestyles – which highlights that there are numerous ways that consumption is being redefined. Continue reading →

Interview Themes: Sneak Peek

02 Saturday Oct 2010

Posted by Venessa Miemis in Uncategorized

≈ 9 Comments

Tags

money + currency

October has come quickly, and I will be leaving for Berlin tomorrow to begin production for the Future of Money project together with Gabriel, Patrizia and Jay! The creation of the video will be an evolving process – the narrative and flow will unfold as we conduct interviews and brainstorm visions of the future. We’d like to share some of the themes that have manifested over the course of our research, so you can get an idea of the direction we’re heading and stay up to date on our process. Specific questions will be tailored for each interviewee, but here’s a brief sampling of some overarching themes we plan to cover:

  • new forms of peer to peer value exchange
  • radical transparency and the networked self
  • digital nomadism and the challenge of an aging agile generation
  • balance between personal empowerment and collective good
  • hyper-efficient resource management and allocation
  • rising value of virtual goods and currencies
  • contemporary definitions of wealth

Have anything to add? Please post any themes or questions you’d like to see addressed in the film in the comments section below or on Twitter using the hashtag #futureofmoney.

To learn more about the project, or contribute to the cause, click here!

Thanks to everyone for your donations – we’ve raised almost $2,000 to date!

Update: First Round of Interviewees for Future of Money Project

21 Tuesday Sep 2010

Posted by Venessa Miemis in Uncategorized

≈ 11 Comments

Tags

Design

Since our announcement of the Future of Money project, we’ve gotten a lot of great suggestions and enthusiasm from the community, and have already raised over $1,500 in donations! Thank you for your support! Though we’re still in the process of scheduling interviews for the video, we wanted to share the list of who we’ve confirmed so far.

Stay tuned for more updates and interviewees!

Devin Balkind is the founder of BEEx, a social fundraising platform, and The Sarapis Foundation, a nonprofit organization that supports open source projects that improve people’s capacity to create abundance for themselves and their communities.

Michel Bauwens is a theorist, researcher, and founder of the Foundation for P2P Alternatives, an organization that studies the impact of peer to peer technology and thought on society.

Fernanda Ibarra is an advocate for the creation of the new monetary systems, currently involved in the Metacurrency Project.

Continue reading →

Goals for the Future of Money Project

13 Monday Sep 2010

Posted by Venessa Miemis in Uncategorized

≈ 2 Comments

Tags

projects

It’s just 5 days after announcing our video project, and we’ve already raised $335 towards the cause. Thank you to all the contributors so far!

Though we didn’t define any specific fundraising goals in the first post, it makes sense to have something to aspire towards. We’ve proposed a couple targets that we think will enrich the project and result in additional resources and knowledge products for the community.

Continue on to the official site….

The Future of Money Project Begins!

09 Thursday Sep 2010

Posted by Venessa Miemis in Uncategorized

≈ 50 Comments

Tags

money + currency

image from the series Macro Economics by Kevin Dooley

Hi all!

In case you hadn’t heard, I’ve been asked to give a keynote address next month at Sibos – “the world’s premier financial services event,” held in Amsterdam. I’m planning to speak about large scale shifts in cultural values and the impact they’re having on our relationship with money, our perceptions about ourselves as humanity, and how we are redefining what ‘true wealth’ means.

The presentation is only 20 minutes long, but I’ve decided to be ambitious and create a 3-5 minute video to accompany the talk. The idea grew out of several conversations I’ve been having with Gabriel Shalom (@gabrielshalom), a video producer out of Berlin that I met via this blog. We’ve been looking for a sweet project to collaborate on, where we can amplify some disruptive memes and get people excited about the emerging trends and opportunities that are surrounding us. “The Future of Money” seemed a worthy project. 🙂

So here’s the deal:

We want to create a compelling overview of what’s going on in the world of currencies, followed by some provocative visions of where things could go. We’re going to be conducting interviews with the movers and shakers out there who are developing new business models, new frameworks, and new ideas about how we can exchange value, innovate, and empower each other. We’re going to ask some tough questions about ethics, morals, and trust. And we’re going to provide some ‘what if’ scenarios of how these things could play out over the next decade.

Help us make it happen!

In the spirit of open innovation we intend to give this video away for free when it is finished. We believe that the research and opinions we’ll collect will be of significant value to anyone concerned about their economic future – and who isn’t these days! That’s why we’re asking you to determine for yourself what degree of support you can muster to help. Even just a small amount will go a long way towards helping us cover our time and expenses on this volunteer effort. And of course it couldn’t hurt to tell your friends 😉

It is our belief that if this production is generously supported by the network it will serve as a perfect example of the kind of courageous new business models that will be increasingly commonplace as the new economy evolves.

I’ll be leaving for Berlin in just a few weeks to begin conducting interviews and putting together the video. I’m really excited to see how this evolves, and we’re open to input for interviewees and scenarios of the future!

Please follow this link to The Future of Money website we’ve created for this initiative, more info about the team, and ways to contribute to the project!

Thanks to all!

– Venessa

35+ Social Lending Platforms Around the World

27 Friday Aug 2010

Posted by Venessa Miemis in Uncategorized

≈ 25 Comments

Tags

Resources

I’ll be giving a presentation on ‘the future of money’ in a few months, and am trying to wrap my head around all the emerging disruptive tools and services that are shaking up the financial industry. I plan to do a few posts covering these areas, and hope we can have some interesting discussion about what it means and where we’re going. In the meantime, here’s a general resource of social lending platforms/marketplaces across the globe. If you’re aware of any I’ve missed, please let me know! Thanks.

Social Lending

Social Lending, or peer-to-peer lending, essentially brings individuals together to lend and borrow money directly from each other, cutting out the middle man (the bank). Borrowers are able to get low cost loans, lenders are able to get great returns while helping their fellow man, and both parties win. Continue reading →

Conceptual Framework for Online Identity Roles

04 Wednesday Aug 2010

Posted by Venessa Miemis in Uncategorized

≈ 36 Comments

Tags

culture, Design

I just wrapped up a final project for an aesthetics course this semester, the assignment being to create a “Database of the Self.” I chose to make the database as a representation of the roles we play in terms of how we interact with information online. The roles are overlaid on a panarchy, which shows a visualization of adaptive lifecycles. Though the evolution of every idea or meme won’t necessarily follow this specific path, (it may in fact be rhizomatic, with multiple feedback loops), this begins to flesh out what we become as nodes within an enmeshed series of networks. Continue reading →

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