“If you were to walk into your favorite restaurant today, more than likely there is a CEO of a company sitting somewhere inside. The scene of the digital era is growing. In the future, individuals that provide value will be presented in unique ways.”
I. Evolution
A new era of infinite enlargement of individual value creation is coming.
In recent years, freelancers have grown at an exponential rate and many CEOs have emerged out of this group. Some no longer work for a company but rather, work on different projects or with wearing many hats. What has caused this phenomenon? In short, this is determined by the trend of social development, the evolution of information technology, the transformation of social organization, and people’s demands for customized product and services.
Let’s return to our primal roots and look back at one of the oldest organization group: the tribe. Early on, historians have found that even then, division of skill and labor begins to appear and the tribe functions as close bond. After the Middle Ages, workshops appeared, some were carpenters, blacksmiths, crock artisans, doctors, etc. These skills were passed down generation after generation.
During the industrial revolution, skills that had been passed down after each generation within a family organization, begins to dissipate. At this point, the industrial revolution sparked an organization where the masses contributed to specialized production. The advancement of technology and products witness a new era; enterprise.
During the recent information revolution, internet technology has emerged, and its organization has become flat. Everyone started to have their own information and data processing terminals through the use of mobile technology. Take WeChat as an example, it is established to organize the corresponding economic model in a personal way.
The original concept of Web 2.0 Internet refers to the singularity of information transmission methods in the past. Such as a URL, the developer’s presenting content to the reader as a one-way transmission. After the concept of UGC appeared, there were many products in the market that was organized by many individual information contributors, such as Twitter. It allows individuals to create and to discover the value of themselves.
As information technology continues to evolve, people become more unique and service-oriented, organizations will make the next change to allow everyone to do what they are centered on, that is, the enterprise-centric organizations are replaced by machines. As technology begins to progress, general purpose jobs will inevitably be replaced by automation and other advance machinery.
Due to the rapid change of the advancement in technology, certain jobs are being eliminated requiring more and more individuals to make to create value in ourselves. In this new era of information exchange, creating value becomes infinitely magnified.
II. assets
Value digitization
From the history of currency development, we have seen the use of bartering shells, animal meat, tools, etc, as a trading intermediary. This was until we found a perfect intermediate trading substance — gold. It has the characteristics of easy identification, limited total volume, easy to divide, and easy to carry, making it a unified carrier of value within thousands of years.
In recent decades, another change has taken place. Gold has been more seen as jewelry and banknotes are a carrier of value. This is a process in which the value carrier is continuously virtualized. In the past, the value carrier was primarily used. Like the era of bartering was centered in utility, the function is corresponded to the value.
In the process of gradually replacing value carriers with symbols (replacing them with tools, gold, and banknotes), the entire monetary system is becoming more and more digital, such as the inventions of Venmo or Twitter.
Our generation has gradually accepted a concept. People care less about ownership and pay more attention to the right of use. For example, we have the right to use Uber, and the process of being entitled to the right to use must be digitized. The direction of all social development is to further increase the efficiency of transactions and further reduce the cost and friction of transactions. If you want to improve transaction efficiency, digitization is the best way. Once adopted, it cannot be returned; once started, it accelerates growth.
Our lives are becoming digital, especially the way in which values are recorded. The value of Venmo, Email, Twitter and other data is digitized. The physical value of the original society will gradually be digitized, but those values that do not exist in the past, will gradually emerge only in the digital world.
The individual-centered economic organization takes a place in the next economic evolution. In the era of digitalization of individual values, there are companies that pay attention to this phenomenon, and many people could benefit from this.
III. Confirmation
Asset digitization
What is the function of blockchain in this process?
Look at the core functions of the blockchain: First, it has credit enhancement. From the information internet to the value internet, a great step has been taken. It cannot be falsified, thus provides an open and transparent way, we then no longer doubt the authenticity of the data we see; second, it is disintermediation. It can enhance credit, thus removing the need for an intermediary.
These two core features are followed by another important feature in the entire asset digitization process, which is the confirmation of ownership. It allows us to confirm the ownership of assets in the digital world in a clear, accurate, and unquestioned manner.
Today we already have means and methods for displaying individual values. For example, the value measurement of celebrities, athletes, and content creators is not in a direct way but is expressed through means of endorsing products and participating in activities. Now the knowledge or skill economy is becoming popular, the knowledge and skills possessed by individuals provide services for everyone, and the reward method is relatively indirect.
There is a question of how to present the individual values, however, the blockchain technology can help demarcate individual values.
Simply speaking, any person can issue a pass that belongs to him or her and uses this pass to define his or her value. If the measurement of the value is recognized, you can interact with the service or value it provides through this type of pass.
This is a very important trend in the next stage of digitization of individual values. Only in this way will individual values be better presented and expressed.
In the past, value creators, value consumers, value holders, and value promoters were separated. In the new model, these roles will be united together and presented in a new way.
