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Michalis Vafopoulos, vafopoulos.org
Web economy
in perspective
Creative Commons License
This work is licensed under a Creative Commons
Attribution-ShareAlike 4.0 International License.
Only 25 years old?
Basic characteristics
① everywhere
② contradictory
③ unusual
④ changes rapidly
⑤ complex
⑥ redefines values
Is it like?
typography telephone television
Ancient market Streets
Or like?
The Web…highway
o basic infrastructure
o communication
o cooperation
o network
o accidents
o less privacy
o Not cars but bits
13
How it works
Websites
Web
Internet
HTML
http
URI
network of networks
Your
webpage
application
Behind the Web
Berners-Lee
information
highways babelthe inventive
contractor
of CERN
USA & EU policies knowledge
Web eras
Web 1.0
socialbulletin board
Web 2.0 Web 3.0
data
The most expensive lesson
16
17
The digital Bing Bang
Web 2.5
mobile
low cost
fallacy
not only content
CONTEXT
Online generations
natives immigrantsmediators
Web intelligence
Howard Gardner
Web
massively collaborative maths
Web
How? “socializing” the digital
22
URI address
 Existence
 Fingerprint
 Boundary
 Negotiator
Becoming elastic
23
URI
 Text
 Human
 Data
 Business
 Market
The metaphor:
Web Goods
sequences of binary digits, identified by
their exclusive URI and affect the utility
of or the payoff to some individual in the
economy.
Value source: digital & interlinking
The pure Web economy
Consumption
more energetic and connected
Mass Joint Consumption
of information & ads
Consumption
Personal data abuse
Pro-sumption
Moving the borders of
production & consumption
Production
Inputs: Open, networked &
decentralized information
Peer Production
Incentives: from property to commons
Not only use resources
but also modify, benefit, transfer
From mass to networked industries
33
Third mechanism in:
34
Production
Governance
Property
Network effects
Web 1.0
Humans
(supply)
Documents
(demand)
Web 2.0 Web 2.5
Multi-sided
platforms
Network effects
Web 3.0
Data
bidirectional and massively
processable interconnections
among online data
enabler for existing
infrastructures
The Data trilogy
① Open: access
everyone to use and republish
② Big: scale
high volume, velocity and variety
③ Linked: use
publish once, use as many times
Data economy…now
Building infrastructures
Not yet QoS & ROI
Data & standards
Open Economic data
budgets, spending, registries, contracting…
39
Publicspending.net: interlinking
public expenditure in global scale
Follow public money all the way
41
Prices
Creating value I: innovation
remixing machine-processable contexts
e.g. auto-update ERP from online data
Creating value II: transparency
Break walled-gardensOpen government
Policy framework
① Processing power
② Storage
③ Network access
④ Online data & services
⑤ Privacy
Personal grid
workspace (g-work)
for every citizen
The Web as a social machine
Being protected by digitizing
46
…challenges the basic
aspects of human nature:
o Technology
o Body
o Moral Values
o Sociality
o Generations
o Economy
Humanizing the Web
Webizing Humanity
Successful business
facilitate this dialogue
Not only answers but
make the questions more
concrete
Grazie! Questioni?
More info
• Twitter: @vafopoulos
• Vafopoulos@gmail.com
• www.Vafopoulos.org
• www.publicspending.net
• www.Youtube.com/websciencegr

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