The vast changes that are taking place across the global economy have many people concerned about their future and what opportunities lay ahead. What will a mother and father have to do to be viable and provide the needs and wants of their children? What will a college graduate have to do to find the right position so that the accumulated student loan debt doesn’t act as a life inhibitor? Is there a way to seamlessly transition from the current economic model into a more refined one? The short answer is Yes.

I will address three points that I believe will produce a new and emerging economy that can provide alignment within the global banking system and service sectors. They are:

1. Time Spent in Virtual Space

2. Digital Assets

3. Attention As A Currency For People (a weighted-scale system — a new type of index)

For those of us who are working to create long-term solutions to facilitate a greater balance and provide economic hope for the generations to come, its time we begin to explore how we can utilize newer financial instruments and work in parallel with the agencies and banks of the global system.

Time Spent in Virtual Space

Today, we spend a lot of time concerned with our virtual networks and assets. The average person will spend up to 3 hours and 15 minutes on their mobile devices per day. Thats approximately 14% of your day. This doesn’t include any other smart devices you may be utilizing in your home or at work.

More in depth usage trends and screen time habit stats show that most people check their phones 58 times a day (with 30 of those during working hours). About 50 minutes of time is spent on audio, 40 minutes on social networking, and with the remaining time on messaging and gaming.

Understanding our screen time habits and integrating them with production strategies, will be absolutely necessary as we progress forward. What percentage of time are you spending on listening to music or audio books? While social networking, what amount of time is spent to support growth and opportunity in employment and business and what amount is being spent on leisure? How does this impact your productivity and more importantly the quality of services rendered by you? Personally, I find that the ability to stay within a single stream of consciousness and to extrapolate deeper meaning in order to produce greater results in research and development, requires the ability to execute control over how and when I look to my phone and sticking to strategies and following schedules.

Digital Assets

Digital Assets is a very broad term and doesn’t fully embrace this new and emerging service economy that is burgeoning throughout the planet. Social media was a major step in helping to construct this next economic sector as well as digital currencies and blockchain. In essence, we are talking about a new measurement, and with new measurements comes risk and opportunity.

Content producers span across the internet as bloggers, copywriters, web dev, curators, illustrators, animators, music producers, etc. Often times, they’re unable to get the proper valuations, if any at all, on their work due to the struggle to monetize it. Within the digital space, monetization often shows up in the form of clicks, page hits, ads, and/or courses. This has led to the cannibalization of the individual as an active participant in the virtual world. We will get back to this point later.

In 2009, we witnessed the birth of this new measurement in the digital world, called by the name of Bitcoin. The idea that value could be transferred without an intermediary, but rather through mathematical-based consensus or what is called a Secure Hash Algorithm (proof of work based model) has become a reality. Since then, several types of consensus mechanisms have found their way into our reality and now, Central Banks and International Financial Institutions are taking notice of this new asset and its implications on our global economic system.

More recently, Facebook has announced it will bring forth its own digital asset, known as the Libra Reserve, and has decided to do everything they can within compliance of the global banking system working both with Central banks and government officials.

Attention As A Currency for People, Too (a new type of index)

In The United States, our advanced economy is driven by services, however, until recently, services were NOT reflected as a weight in the USD Index. Starting February 2019, Revisions to the Federal Reserve USD Indexes will be implement to reflect adjustments in the Federal Reserve USD Index for the Broad, Advanced Foreign Economies (AFE), and the Emerging Market Economies (EME).

Which brings me to my final point. Technological services within the knowledge-based sector of the economy have now reached a critical point in their provision of analytics to the banking and financial sector which fulfills the desires of the Federal Reserve System and the global economic actors enough in order to translate the value of services by allowing them to have a weight in the exchange rate index. In other words, service is now part of the weight calculation for the value of a nations currency. This is poised to provide an additional boost to digital economies and blockchain based technologies if they align to these new index construction models.

The creation and development of a hybrid financial instrument which supports the expansion of digital services as well as providing security and curation systems, should clearly be the focus of Distributed Ledger Technologies. DLTs are now in a place to zone-in on syntropy based economic models which are highly intimate with the participants through their mobile devices for both personal and work life.

This hybrid asset can then exist as a data-backed security, because for the first time, performance based on data trends within a given sector of service industry, can be underwritten and backed by analytics. This then, becomes the bridge to a fully supported knowledge-based economy and the ability to create securities that put an end to the cannibalization of the participants within the virtual world.

This is very bullish for creative, solutions oriented people. Bearish for middle-men looking to scalp a margin without adding value.

The opportunity we see at Sol Forms

Sol Forms emerged to secure opportunity for PEOPLE, in the data-driven digital asset economy. As it stands now, VERY BIG corporations are the only ones in the game, and have actively kept people from playing and profiting in it. Sol Forms is developing education and gamification to improve your digital data trail, ensuring you have a means to profit in what is currently a game that only offers seats to big tech.

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Stay tuned as we share more details about how the information economy is taking shape — and how you can play for PAY : )

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