Monday, October 23, 2017

Digital Economy: More than cryptcurrency

The Australian government has released a discussion paper on "THE DIGITAL ECONOMY: OPENING UP THE CONVERSATION". Four emerging technologies are identified: 5g, AI, Blockchain and Quantum Computing. Input is invited by 30 November 2017.

Taking Blockchain as an example, described more generally as "distributed ledger technology" (p. 19).  A point to emphasize is that this is not just about Bitcoin, as the discussion paper says: "It can be applied wherever a verified and trusted transaction is required—health, government services, real estate, media, energy and more." One area of interest to me is for education.

The paper asks two questions about distributed ledger:
"7. What opportunities do we have in standards development and regulation to:
– – enable digital entrepreneurship, innovation and trade?
– – mitigate the risks associated with digital disruption?
8.     What digital standards do we need to enable Australian businesses to participate in global supply chains and maximise the opportunities of the digital economy? " (p. 19)

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