Tag: Asset

A Massive New Asset Class

On November 8, 2024

The hidden economy of risk mitigation represents one of the largest untapped asset classes in modern finance. This revelation becomes particularly striking when we examine how value is created but not properly captured in our current economic system.

The Invisible Value Creator

Engineers, scientists, and technologists consistently generate massive economic value through risk prevention and mitigation, yet this value remains largely invisible in traditional financial metrics

Consider a fire protection engineer who designs thousands of buildings that never burn – their contribution to society far exceeds their compensation, creating an enormous gap between value creation and value capture.

Converting Intangible to Tangible

The key to unlocking this massive new asset class lies in our ability to measure and monetize risk prevention. When we can quantify the value of disasters that never happened, we can begin to properly value the intellectual capital that prevents them. This creates an entirely new financial framework where:

Risk Prevention Becomes Measurable
The true economic impact of preventative measures can be calculated and converted into tangible assets.

Knowledge Workers Gain Recognition
Engineers, scientists, and technologists can receive compensation more closely aligned with their actual value contribution.

Market Inefficiencies Surface
The current system’s dramatic undervaluation of preventative expertise becomes apparent and correctable.

Economic Implications

This transformation has profound implications for the global economy. Currently, technical professionals typically receive only 2-20% of the value they create

By properly measuring and monetizing risk prevention, we can:

Create new financial instruments based on risk mitigation
Develop more accurate valuation models for intellectual capital
Enable fair compensation for knowledge workers

The current economic system captures this value through banking arbitrage, but a more equitable distribution would drive innovation and attract more talent to critical fields. This represents not just an opportunity for wealth creation, but a necessary evolution in how we value and compensate intellectual capital.

Rewrite

An Invisible Economy: The Ingenesist Project

A firefighter is worth millions of dollars per hour preserving lives and property…but only when there is a fire. A Fire Protection Engineer can design thousands of buildings that will never burn.

In the absence of a fire, the true value of the Scientists, Engineers, and Technologists is invisible. But the value of their economic contribution continues to persist.

What if we could measure the true value of intangible assets into present value existence. A massive new asset class would be unlocked.

The Ingenesist Project uses Game Theory, Blockchain, and Artificial Intelligence to convert intangible assets into tangible form, at scale. There is no shortage of money, only a shortage of imagination.

Join The Ingenesist Project

Analysis

The purpose of this video is to demonstrate how engineers, scientists, and technologists remove RISK from complex systems. Risk is directly correlated to “return” and, therefore, profits.

So what happens to all of that value that a single diligent engineer creates when they remove all of the risk? Is it paid to the engineer? no. Is it returned to the non-victims of the calamity averted? no. Is captured by the the banking system as some form of arbitrage? Yes, absolutely, yes.

This is the deep dark secrets of finance. Don’t let the engineers, scientists, and technologists know that they are paid 2-20% of what they are worth. They may want free stuff like healthcare, job security, or royalties, or else they’ll go build something else that pays better social dividends. Can’t have that.

Obviously the question becomes, what happens when there are no more engineers to eliminate risk? There is a tipping point and we are dangerously close to approaching it. These things are easy to measure, assess, and resolve but there needs to be an institution able to secure material facts and assert the economics of those facts.

Who Knows That You Know What You Know?

By danr

On November 8, 2024

In Ingenesist

Bridging Art and Science

The parallel between artists and scientists runs deeper than most realize. Both domains are fundamentally creative enterprises driven by knowledge assets and intellectual capital. Just as filmmakers collaborate to create cinematic masterpieces, engineers and scientists work together to build bridges, develop software, and advance technological frontiers.

Knowledge Attribution Systems

Hollywood’s rolling credits serve as an example of an elegant public knowledge inventory system, enabling creative professionals to find collaborators and track contributions. In contrast, the scientific and engineering communities often struggle with attribution, peer-review, and cross-industry practices making it challenging to identify, compensate, and repeat specific contributions behind groundbreaking innovations or structural achievements.

Compensation Reform

The current disparity in compensation models between these fields reveals an opportunity for improvement. While artists often benefit from royalty-based systems that recognize ongoing value creation, engineers and scientists typically receive hourly wages that may not reflect their long-term intellectual contributions. While the Patent System may capture some IP value, it is far too slow, expensive, and prone to obsolescence to meet the profound challenges of the future. The vast majority of creative talent is not reflected by the Patent System.

Idea compensation:

An ideal compensation structure for engineers, scientists, and technologists might include:

Base salary: Ensuring financial stability and covering living expenses.

Project-based bonuses: Rewarding successful completion of specific works or research milestones.

Royalties or profit-sharing: Providing ongoing compensation for widely-used or impactful creations.

Equity stakes: Offering ownership in the organizations benefiting from their work.

Recognition credits: Implementing a system of immutable credits to document contributions and facilitate future collaborations.

Professional development funds: Supporting continued learning and skill enhancement.

The Boomspace.ai algorithm can easily be programmed to allocate Boom tokens along all of these scenarios. Those tokens would store information (not unlike the rolling credits) so that true value may be expressed in the market. This hybrid model would better reflect the true nature of creative and technical work, where value often compounds over time.

A Knowledge Inventory System; The Ingenesist Project

Have you ever wondered why the credits at the end of a movie are printed so small and scroll by so fast? The credits are not there for your benefit. The credits exist for the benefit of the movie industry.

Film production is a highly intellectual, creative, and social enterprise. In other words, Hollywood is denominated by knowledge assets. The rolling credits serve as a knowledge asset inventory system for all things needed to make the next movie.

Everything revolves around being on the credits or being known by people on the credits. This is how people find each other. The rolling credits make this possible. Not unlike a blockchain, in order to cheat the system, one must alter every instance of the celluloid reel or digital file.

Engineering, science and technology are also social, creative, and intellectual industries fueled by knowledge assets. Not unlike a blockchain, engineering processes are irreversible and immutable.

When we look at a sturdy bridge, or magnificent structure, or a brilliant piece of software, there is no easy way to find the people who are responsible for a specific element of that work. The Ingenesist Project uses game theory, blockchain, and Artificial Intelligence to create a knowledge asset inventory so that Engineers, Scientists, and Technologists can find each other.

Join The Ingenesist Project

Analysis

Engineering and science have long been compared to the Arts as a creative profession. The point of this video is to demonstrate how other creative professions deal with the intangibles gap. While the Hollywood system has its own set of pros and cons, the comparison is worthwhile. Notably, the arts often compensate creators with “royalties” while engineering, science, and technology most often pay hourly wages.

In addition, there are comparably fewer barriers, silos, or human resource management hurdles to navigate for artists. They don’t attempt to reduce a 4-dimensional performance down to a 2-dimensional CV/resumé. Instead, they can submit the 4D performance as their resumé. A great deal of efficiency is retained.