Digital Economy Consortium
The digital economy is variously known as the Internet Economy, Web Economy, Cryptoeconomy, and New
Economy. Since the digital economy is continuously replacing and expanding the traditional economy, there is no clear delineation between the two integrated economy types. The digital economy results from billions of daily online transactions among people, organizations (businesses, educational institutions, non-profits), and distributed computing devices (servers, laptops, smartphones, etc.) enabled by Internet, World Wide Web, and blockchain technologies.
The digital economy is backed by the spread of information and communication technologies (ICT) across all business sectors to enhance productivity.
Digital transformation of the economy alters conventional notions about how businesses are structured, how consumers obtain goods and services, and how states need to adapt to new regulatory challenges. The digital economy has the potential to shape economic interactions between states, businesses and individuals profoundly
The emergence of the digital economy has prompted new debates over privacy rights, competition, and taxation, with calls for national and transnational regulations of the digital economy.
These digitalized sectors phenomenologically give rise to the Fourth Industrial Revolution.
The consortium is composed of many organizations representing numerous sectors and geographies.
Key Agenda: Digital Transformation Awareness
India & UAE based exchange, marketing & promotions managed by WeTel World.
Academic Synergy with WeTel World Digital Economy Consortium to training professional for digital transformation.
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