Changing paradigm for data, economy, and ownership in the digital era

Published on August 31, 2023   26 min
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0:00
Hello everyone and welcome to my lecture, Changing Paradigm for Data, Economy and Ownership in the Digital Era. My name is Tanya Zhelezniak. I am from Israel.
0:14
I have more than 20 years experience as a software engineer in the field, filling different roles as a system analyst, project manager and team lead. I have degrees in Computer Science, Digital Strategy and Marketing Communications. I have a business in digital marketing consulting and business strategy. I'm also a passionate educator, entrepreneur and community builder.
0:40
We are living in times when disruptive technologies are constantly changing many fields. A good example of such technology which has great potential but can have a highly disruptive effect is blockchain. So let's examine how usage of blockchain and cryptocurrencies technologies shifts our understanding of such concepts as data economy and ownership. The lecture will be organized in the following sections: the first introduces you to the concept of digital economy; the second section examines blockchain technology implementation in the digital economy; the third will present two different use-cases of blockchain technology usage for digital economy. In the final section we will summarize the conclusions and I will provide you with some key takeaways.
1:32
Now let's get to it. The most important thing we are going to talk about in this lecture is the digital economy transformation. For the last decades we're constantly adopting new technologies. The global economy adopts digital technology to revolutionize services or businesses and moves from traditional towards digital economy. Let's explore these two concepts. In the traditional economy clients use technology but don't actually own their data and activities. Organizations are responsible for the management of all processes through technological tools while being mediators between clients and services. Digital transformation of processes is an underlying purpose of the digital economy which provides an opportunity for clients to be active and equal participants. One of the biggest auditing and risk assessment companies, Deloitte defines: "The digital economy is the economic activity that results from billions of everyday online connections among people, businesses, devices. The backbone of digital economy is hyperconnectivity which means growing interconnectedness of people, organizations and machines that results from internet mobile technology and the Internet of things."

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