What is NEXT in WEB3?

Ahmed Shalaby M.D., Ph.D. 

Time Digitalization Expert and Heart Surgeon

Founder of the Human Information Laboratory (HIT Lab) 

Helsinki, Finland

The current Internet and digital economy are a double-edged sword. The greatest and most worrying danger is the disruption of the mental[1], physical[2] and cognitive development[3] of the younger generations.

The concept of WEB3 was introduced few years ago, the first thing that will come to your mind when you hear “WEB3” should be one of these buzzwords: decentralized web, token economy, smart contract, and blockchain technology.

To sum it up, WEB3 is a new generation of the Internet based on blockchain technology. And if you are interested in being more familiar with the foundation of the concept. There are many books out there, but the best I have read so far is not a book but rather the popular online document “The Unofficial Translation and Application of a Government Report to the Parliament of the Principality of Liechtenstein regarding the elaboration of a Law on Tokens and Providers of TT (Token Service) Provider and TT Act; TVTG (Blockchain Act)[4].”

If there’s anything that should be new in WEB3 concept, this will include two things: #1 a WEB3 application which takes into account the potential of the 5G, 6G, token economy as well as the risks, and this should be in place from the start, before it’s too late. #2 Placing the user in a fair position as one of the primary beneficiaries of the earning model rather than as the core of the business model.

The Most Urgent Hazard of Digitalization

Unfortunately, the most serious and damaging risk is receiving less public attention, although it should be at the center of attention when discussing digital risks. This risk is a process called rapid modification of human behavior on a large scale and in a very short time. The effect of this modification is no less harmful than that of drug addiction. Its severity is primarily related to age. In principle, the younger the age, the more devastating the damage. At the individual level, this damage is expressed by the degree of a person’s underperforming (cognitive impairment). [5]

That’s not all, what is even more serious is the reflection of this impairment on the mental health. For example, there is unpreceded increase of stress levels in the very young age and teenagers: You can easily detect it in kindergartens, schools, and mental health clinics. These groups have become dysfunctional as we speak and before even starting their actual life. There is a variety in the degrees of dysfunction ranging from a passive attitude towards the future up to living a life where one has to be fed by gastro-intubation. Some others resort to self-injury to relief stress, or attack others.[6]

Bilateral Aging of the Population

The effects of this level of stress will certainly point impact the number and wellbeing of the people. There will be sudden and deep declines in the demographic structures, due to a new phenomenon called bilateral aging.  This means young people are treated in the community as well as old people after their retirement. Young people will be considered to be retired even before they go to the work life. They will not be able to socialize. Instead, they will be mentally and physically passive and not capable to do any kind of work. They will be in the receiving end of care and benefits in the same way as the old, retired people. [7]

If the countries have been earlier suffering from the welfare sustainability gap, the phenomenon of young people aging due to the digitalization hazards will take any hope to overcome this gap forever.[8] I had to clarify for you the urgency of this particular digital hazard of modifying the human behavior, because any other talk to address the potential of digitalization technology, economical or privacy concerns would be insignificant if we are not paying attention to the most critical hazard.

Healthy Digitalization Is The Starting Point To Limit All The Possible Digital Hazards 

Healthy digitalization is an umbrella term for all the practice of developing human centric digitalization which enables people growth. This growth should be balanced and cover all aspects: mental, cognitive, psychological, economic, financial, welfare and peace.

The scientific theory behind healthy digitalization is called the Balanced Growth Theory., Its technology concept is called Growth Media and the actual application is called the Maestro Network. The Maestro Network is a new generation of AI based decentralized internet WEB3, which should coordinate and connect all the personal, private and public (PPP) digital and physical activities since birth till death all the time. 

Maestro is a country specific WEB3 network solution. Each country has to have one Maestro Network. Multiple Maestros can form one true digital marketplace e.g. for the European Union or any other union of countries. This means every country will have two forms of existence: one is physical and the other the physical’s digital twin. The efficiency of the Maestro Network is to monetize the data of PPP around innovation process bringing different values for all the stockholders. 

Maestro Network In Nutshell

Why to have a Maestro?  

Everyone has valuable things like money, land, and assets. You need a bank and an asset manager to take care of your valuables. Data is now more valuable than ever. Data is the new asset to be treated like any other valuables. It needs a bank and stock market, and you need an automated asset manager to take care of your data. Maestro should be able to provide a data monetization service. 

What is Maestro? 

The Maestro brings the principles of the financial market to the data world, such as data bank, data stock market, talent stock market, data investment, data security, and data tax. Like in any assets, there are data assets that are volatile, fixed or permanent. It is all about continually evaluating the current supply and demand and its relevance in the market. Each business or general entity and every citizen will have a bank account since birth.

 How will it actually look? 

Maestro will create data banking technology and there will be many licensed banks to deal with these accounts and transactions according to users’ preferences. There will be different types of banks or departments with different rules for different types of accounts including e.g. personal, institutional or public accounts. Maestro will take care of interbank cooperation and data stock market management. 

What are the benefits?  

The data stock market is the new marketplace for transactions between businesses and talents. Based on these transactions, people can sell to businesses, and nonprofit public services such as education, health or social affairs can also generate revenue. Individuals will get a new revenue stream and a basic lifetime income in addition to their existing income. Other indirect monetary value of the data will make it possible to reduce the cost of welfare and increase business efficiency. 

To reach the potential of the Maestro network, a new multidiscipline digitalization centre (Human Digital Innovation Lab) should be established. Its main focus is on practical innovations in order to close the gap between the academia and commercialization right from the start with taking into consideration the needs of the citizens, decision makers, and policy makers as well as the future trends of the technologies. This kind of centre should in one place take into account all aspects of the digitalization: mental health, social, economic, financial, ethical, security, and political. 

Ahmed Shalaby M.D., Ph.D.

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System Analyst | Welfare Digitlization | Digital Economy | Labor Market Ecosystems | Digital Transformation | Innovation Psychology | Heart Surgeon.

Ahmed is an Egyptian heart surgeon residing in Finland. He is the author of Learn Innovation Your Style and WEB3 Case Use. He became a full time digitalization expert and a systems analyst In 2008. Shalaby founded the Human Information Laboratory (HIT Lab) to develop the Maestro Network to automate the Balanced Growth Theory.

[1] Children & Young People’s Mental Health in the Digital Age Shaping the Future

[2] Skrzypek, Elżbieta. “Digitalization along with 5G and 6G Networks–Determinants and Consequences.” Annales Universitatis Mariae Curie-Skłodowska, Sectio H Oeconomia 55.1 (2021): 51-66.

[3] Digital dangers The impact of technology on the sexual abuse and exploitation of children and young people

[4] Tokens and TT Service Provider Act;TVTG

[5] Combatting digital addiction: Current approaches and future directions

[6] internet addiction and its impact on physical health

[7] How Does Technology Addiction Impact The Brain?

[8] Global Debt Reaches a Record $226 Trillion

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