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Digital Transformation: A Death Knell for the Old World?
8 June 2019
Intuition suggests that blockchain technology will transform the world. However, the technology is already more than 10 years old, and there are still no case studies. That is because in this new paradigm, old concepts no longer apply, and new ones are yet to form. Age-old notions, such as demand determines supply, or product—money—product, have lost all meaning. Money is being printed without restriction, and is being sent in large and small amounts to wherever desired. This new world requires a transition from a growth model based on the current situation, to one based on planning. Blockchain technology is transforming the institution of ownership into an institution of relations. And the accelerating pace at which technology is developing is affecting management models accordingly. There is now a real need for a change management system.
Humankind is faced with a new set of challenges — globalization, transformation, planning, and the pace of development. All of this calls for a transition from a kaleidoscopic view of the world through the distribution of labour and specializations, to constructing a complete mosaic of the world. That means categorizing the economy by platforms and moving to management based on modelling.
Started at
Conference hall
Pavilion G, Innovation Space
Analytics on the topic