Adelaine Ng of Radio ABC Australia and I in our regular FutureTech segment chatted about the forever expanding and changing virtual world and the notions of crowdsourcing and crowdfunding as as two important emerging trends.

Crowdfunding involves raising funds through various portals for projects that might otherwise be rejected by the banks. It could be for anything from putting your band on the road to launching a new line of clothing.

And crowd sourcing is not too much different, except it is used to raise ideas by throwing an open call to the online communities.

Listen now (13 mins 49 secs)

or listen each Thursday afternoon on Radio ABC Australia