Joi Ito's Web

Joi Ito's conversation with the living web.

Talk at Waseda University

January 19, 1999

by Joichi Ito

Low Cost of Global Connectivity

Characteristic Models Examples
Borderless, Distributed Network "Out of Control" and no more sovereignty of nations IETF, Offshore Data/Tax Havens, TLD problems, Global Finance, Global Markets
Too Much Information Attention Economy Portals, Internet Traffic Model
Low Cost of Collaboration Non-Capitalist Asset Development, Online Communities


High Context Information/Media Products -> Services Copyright, Cygnus , Agent Disintermediation, News Feeds
Convergence of Telecom Services Large Scale Open Networks, End of Single Purpose Networks End of Telephone Companies (IP Telephony), End of DBS/TV


Evolution of Value and Exchange

The Market   The Firm   Community
Physical Assets Intangible Assets Social Assets
Metal, Food, Books   Process, Management, Risk, Copyright, Patents   Trust, Brand, Creativity, Open Source Software


Japan and the US

  • Reason for American Dominance in Information Businesses and Branding
    • Risk Valuation and Risk Taking
    • General Trust (Yamagishi)
    • Government Funding for Academic Aesthetics (Open Source Community)
    • Scale
  • Probable Future
    • Dominance in Japanese IT Industry by US
    • Japanese Companies to Service Foreign Interests
    • Leverage Cultural Assets to Add Value
    • Educate Next Generation
  • Risks
    • High Costs and Closed Markets Make Japan Undesirable
    • Japanese Companies Compete in IT Markets and Fail
    • Cultural Assets Lost and Collapse of Common Knowledge
    • Assets Spent on Bad Risks


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