Do you think the internet is used as a collaborative engine for life's social activities?
We do many collaborative activities in our day-to-day lives. So, many unique "physical events" - conferences, weddings, joint brainstorming, and much more. Despite all of these events very few of these have actually translated onto the internet.
Could these events translate onto the internet efficiently?
The internet is really a price deflationary engine that tries to simulate the world
Anything that is fully executed on the internet becomes deflated in cost and the technology attempts to recreate the experience.
If you think about it webinars and weddings shifted rapidly onto the internet in 2020 because it was able to provide a similar experience at a much lower price point than covid had raised. The experience maybe 80% of the physical one, but at a 10% cost it was well worth it for many.
This first shift of activities set the ball in motion to even bridge the 20% through technological improvements - scaling up of these events can make this possible.
Tomorrow's internet will translate all "physical events" into digital ones
In the future, the internet could be the ultimate collaboration engine
Imagine the possibilities:
An industrial metaverse could simulate ways to improve a power plant
New design ideas like cutting a tunnel below a city could be seen instantly
During Board Meetings - Questions that need 100% true facts could be validated through oracles instantly expediting decisions
So, we are moving to a world where the speed of improvement will make digital events almost always better than physical ones.
Buckle Up!