A GoogleBay future?
from Web 3.0: Google as the Web:
With Google’s cheap computer cycles and their ability to organize information they have the ability to make many markets far more efficient, then take a cut of the profits from the efficiency they created.
…As more of the offline world goes online they will be the default inventory management system for many consumers, retailers and wholesalers….
…I think that within 20 years they will become the default commodities trading platform worldwide. Not only do they tie historical performance to news, but they also have the largest database of intentions and allow anyone to look at historical performance or compare brand strength and trends at the keyword level. What sort of bets, spreads, and prices could Google offer compared to others when so many people are willing to share their dreams, desires, consumption habits, needs and fears with them.
(thanks to Kid Mercury for the pointer)
March 25th, 2006 at 2:48 pm
The prerequisite for this is a common semantic model in which intentions can be expressed, such as “I pay 600 for 50 grammes of gold in one month from today’s settlement date”. We probably also need voice input. We definitely need persistent queries (eg asking questions that remain in the search engine, waiting for a good match). Then we’re all set to achieve what you say.
March 26th, 2006 at 11:41 pm
Moreover, a good way to achieve persistent queries in an ‘open’ way is by aggregating RSS (or its possible successors eg http://spaces.msn.com/rayozzie/Blog/cns!FB3017FBB9B2E142!175.entry)
Google does something like this with blogsearch where you can create an RSS feed based on a query.