Future Economy will Depend Upon Cell Phones

Posted by Prem Godara | 2/01/2009 02:45:00 AM | , | 0 comments »

Predictions says that very soon most of the economic functions will be carried out through mobiles. Already cellphone credit(the transfer credit between phones with a simple text message)has partly replaced cash to in some parts of the African continent, a paper now predicts that more economic functions will soon come to be carried out through mobiles all over the world.

The paper has been submitted to a workshop on the future of social networking organized by W3C, the body in charge of global web standards. It says that the next step is to give cellular phone users the equivalent of social networking websites like Facebook.

Gloria Ruhrmund, a South Africa-based mobile social media consultant, envisages that combining social network-style services with existing mobile credit transfer systems may further take over from traditional banking systems. According to her, such mobile social networks may provide new routes to pay salaries, provide health advice, mobilize voters, and to connect and educate isolated communities.

Some social mobile tools, such as instant messaging service NokNok, are already established in Africa, reports New Scientist magazine.



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