The ‘crowdsourcing’ economy
This website mentions customer-driven and mass customization as key to economic growth and quality of life, essentially a trend towards authenticity and uniqueness. The most relevant of this movement however, is crowdsourcing.
Crowdsourcing – “a business model akin to outsourcing. The difference is that instead of professional vendors, crowdsourcing relies upon mass volunteer participation and self-organization to create content, solve problems, even do corporate R&D”
Thus, crowdsourcing is the industry term to describe how cooltowns will be built, and the specific version of crowdsourcing to building cooltowns is what we’ve long described as the beta community – allowing the group of tenants (residential and commercial) to be involved in the design and development (and by default, the investing**) of their future buildings in the neighborhoods of their choice.
**See August 18, 2006 entry.
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