The individual fragments of Organizational Swarm Intelligence come together in a logical continuum of Noosphere, covering all of mankind. The intellect of this system, which will take in millions of interrelated decisions every second, will have an economic effectiveness that is unthought of today.
Economic Singularity of Noosphere =
[The IoE's potential for economic organization]
[The final stage of density and effectiveness of interactions between instances of OSI in independent enterprises, when scattered "nerve centers" self-organize into a highly connected meta-SI, finally organizing the united economic super organism of our civilization].
In the strict terminology of Ludwig von Mises Noosphere is the catallactic singularity, in which:
— economic communications between people and/or social organizations happen instantly
— the cost of business transactions approaches zero
— the geographic location of the parties is irrelevant
— humanity lives in harmonious symbiosis with machines: people desire and create, machines carry out routine labor.
The world of the "time machine" by H.G. Wells, but with robots instead of morlocks.
Noosphere aggregates verifiable and faithful data from billions of daily transactions from company networks, including sales to final clients.
The greatest database of financial data in history and the data is exact, accurate, precise and actual.
Specifically Noosphere, and only Noosphere, will be able to become a source of all-encompassing, accurate knowledge of mankind.
Therefore, it won’t be necessary to spend tens of billions of dollars and thousand of years studying, for example, the safety of different foods or the effectiveness of medicines. The aggregated data from pharmacies, health clubs, grocery stores, hospitals, bars, morgues, night clubs, banks, and other company-nodes of Noosphere will provide answers in seconds with accuracy that is unbelievable for today.
The very existence of all industries, without exception, will fundamentally change.
The emergence of such a collection of data will be a major change for mankind and bring in a new era of economic singularity, when man’s demand will only be limited by imagination and not resources.
End of crises
Noosphere, encapsulating all of mankind economic activities, will be completely free of human emotions: irrational euphoria and the equally irrational panics.
The two actions which, pendulum like, bring the fundamentally balanced markets to regular crises.
Noosphere will become a reliable generator of industrial quantities of material wealth, limited only by the availability of energy resources.