Noah Healy is a "recreational mathematician" living in Charlottesville. He grew up in the area and attended the public school system.   He was one of the first three students to go through the public schools' implementation of an accelerated math program. He went on to study at the University of Virginia, graduating in 1998 with a degree in Engineering Science, followed by a year of graduate work with UVA's Nuclear Engineering Department.

Noah is currently putting time and energy into reimagining the way that commodities are bought and sold. Commodities are raw materials or primary agricultural products that are traded on the open market. The current system is both complicated and, according to some, quite inefficient. Noah's vision is to change the way that commodities markets are created and maintained in order to make the flow of goods from the original seller to the final buyer much smoother and more cost effective, while aligning the interests of market participants to benefit the market's success. That is an extreme simplification of the functioning and benefits that Noah's new system, Coordinated Discovery Markets (CDM), has to offer. To learn more, click on the links provided below.

If Noah's vision works, it could revolutionize capitalism as we know it and drastically improve the world economy. To understand the potential impact that Noah's CDM could have, one needs to grasp the scale of wealth that exchanges hands in commodities markets. Currently the commodities markets transact $30,000,000,000,000 (that's 30 trillion dollars) of goods each year, which is close to 40% of the world's entire gross domestic product (GDP). The way that these markets are currently set up results in the financial sector capturing a whopping 16% of that value from the process of connecting original sellers with final buyers. The CDM maintenance cost would be very low and therefore could take less than 1% of value out of the trades. Imagine if this segment of the world economy (40%) operated 15% more efficiently. That would put $4,500,000,000,000 (that's 4.5 trillion dollars) back into the pockets of businesses that buy and sell goods in these markets every year. That's enough of a boost to create record years for industries of all kinds, and that boost would exist year after year.

In addition to lowering the costs for market participants, the CDM would be more efficient than the current markets because the interests of speculators would be aligned with those of the other market participants (buyers and sellers). The better the market does, the better all the market participants do. While this may seem like a "no-brainer," the way the markets are currently maintained may create serious conflicts of interest for many financial firms. There are completely legal ways to bet against the success of your own market and make money off of its relative failure. This also creates serious costs to society in the form of regulation and enforcement.

How SCORE Helped: 

Noah's Coordinated Discovery Markets is a billion dollar idea. It is a billion dollar idea both for the market creator and for the industries that would switch from their current market operation. Once industries make the switch, it will be a billion dollar idea for the world. SCORE has been working closely with Noah to get his idea off the ground. SCORE counselors have assisted with business planning, held conference calls around the country, and offered invaluable validation and encouragement for Noah. There is still much to be done to make CDM a reality; an idea that could change the very nature of capitalism.

Anyone interested in being a part of history may learn more about Noah's vision and read more about why CDM is needed and how it would work. To read a short explanation about the system's function and benefits, click here: Coordinated Discovery Markets.  To read a description of the market participants and their roles click here: Players in a CDM.  To read a detailed account of how CDM would work, click here: CDM Whitepaper.

 Questions or ideas? Feel free to contact Noah Healy directly at: