Know-how trading (original) (raw)

Know-how trading is a web-based research and design phenomenon related to open innovation and crowdsourcing. It denotes fee-based knowledge markets that treat knowledge and expertise as commodities that can be traded for financial gain (see knowledge economy). It therefore differs from other information markets such as Yahoo! Answers in that solution providers are financially rewarded for their efforts. The challenges set therefore tend to be more focused, and solutions more detailed and lengthy.