Semantic Web
In an interesting article by Paul Ford , the author takes us through a fictional journey where google becomes the most powerful company beating the amazons and ebays of the current world.
The way google moves away from its other players is the use of semantic web where the relationships between the vast information repositories around the world are going to play a critical role to synthesize knowledge.
The three powerful services of google’s strategy are spelt forth as
- Google Market place Manager which by using a semantic web concept, brings buyers and sellers together
- Google Personal agent
- Google verification service which means offering their own verification and rating service, $15 a year to answer a questionnaire, have your credit checked, and fill in some bank account information. But people signed up, because Google was the marketplace; the Google seal of approval meant more than the government’s.
In the fictional story, there is also a mention of
“In 2006, Citibank introduced Drop Box Accounts for $100/month, then $30, then $15, and $5/month for checking account holders.The Drop Box account is identified by a single number, and can only receive deposits, which can then be transferred into a checking or savings account. They were even URL-addressable, and hosted using the Finance Transfer Protocol. Simply point your browser to account://382882-2838292-29-1939 and enter the amount you want to deposit. There’s no risk in giving out a secure drop box number, and no fee for deposits. Banks held the account information of depositors in federally supervised escrow accounts. Suddenly everyone could simply publish their bank account number and sell their goods without any middleman at all.”
Possible Biz ideas in the current context:
- RDF(Resource Description Framework) based applications, blog biz is merely a speck of what is about to come.
- Specialized RDF based apps for various verticals which will finally culminate a few aggregators
- Calendaring, Scheduling ,Blogging and in expressing relationships with the people
- Services which can be helpful in creating folksonomies.