#TodaysForecast: #DictionaryTechnology - #GreatForDomains

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We need dictionary technology to create hundreds of millions of terms to accelerate trade across the globe. Our language needs to adapt faster to change and #OldSchoolDictionaries are slow and inefficient. Our search engines are too blunt because our words are too vague. There are a lot of opportunities for trade if we upgrade the precision of our language. We have the potential to reduce poverty and make the world a better place if we upgrade the quality of our language. I believe that building better dictionaries has the potential of stimulating a multi-trillion dollar industry. Better language precision opens the doors for a larger domain name market as domains become more efficient with higher precision language. This is my position on domain names and language after being a domainer for 20 years. I am working on a business model that I call #GroupOrdering and the heart of the model involves creating expansive dictionaries to help improve the quality of #ProductOrdering on the internet. I have been working on this business model for 10 years and quit 2 jobs because I believe in it's effectiveness. I had the eureka moment today that it is #Dictionaries are the #CoreIntellectualProperty that make my business model ground-breaking. I want to move as quickly as possible to get this business model happening and that is why I am sharing this with you today. I am calling today #DictionaryAwakeningDay as I am convinced that #DictionaryTechnology will help reduce poverty across the world and so I see today as a day to celebrate!

 

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I have made good progress since the above post. I am not promoting dictionaries. My business model is called:

#DecentralisedTendering

My business model streamlines the tendering process to reduce what I guess as around 50-75% or the Quality Assurance costs with tendering. Considering that the tendering market is around $7Trillion/year, this is a potential savings of hundreds of billions of dollars. By reducing the cost of tendering, a case can be made to use tendering for day-to-day shopping through #BlockchainTechnology to get competitive pricing for staple goods. This opens opportunities to save money by bypassing supermarkets and shopping centres and working with community groups to lower distribution costs.

By having the right name for this business model, I expect it to sell well through social media services and help create #DemandDrivenShopping instead of the standard #SupplyDrivenShopping that has lots of wastage from oversupply and undersupply problems. Today, I got the #DecentralisedTendering name in order. I expect that I will get international interest in this business model year now that I know how to pitch it problem.

I do believe that decentralised tendering can help domainers build large portfolios of domains to improve liquidity of the domaining market. There are so many domaining opportunities in improving the efficiency of tendering systems for domainers. I am really excited today to share this news of getting the name right for my business model. It took me 10 years but I expect that the wait will be worth it!