Market 3.0

A concrete and complex proposal for a market, using internet technologies, where every partner would be equal and have direct access to each other, developed by Chris Cook.

For more information, see http://www.exchange-handbook.co.uk/articles_story.cfm?id=38754

"he first generation of markets -- Market 1.0 -- was decentralised but disconnected, and 'market presence' required the physical presence of buyer and seller, typically in local and regional exchanges.

Market 2.0, which has now reached its zenith, is centralised but connected, with market presence through intermediaries such as Exchanges or proprietary Alternative Trading Systems (ATSs).

Market 3.0 represents the final evolution of markets: decentralised but connected, with market presence being through a 'network presence' on a dedicated market network. Understanding Market 3.0 requires consideration of the architecture of the Internet itself and how this relates to the communications, security, technological and legal infrastructure of markets."