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Singapore-UK digital economy pact to focus on cybersecurity, trade

ZDNet

Singapore and the UK have wrapped up negotiations on a digital economy agreement that focuses on digital trade, data flows, and cybersecurity. Under the pact, both nations will look to establish, amongst others, interoperable systems for digital payments, secured data flows, and digital identities, as well as collaborate on cybersecurity. When formally inked, the digital economy agreement would be Singapore's third following two others it signed with Chile and New Zealand as well as Australia. The UK agreement included "binding disciplines" of the digital economy such as data, and cooperation in emerging areas including artificial intelligence, fintech, digital identities, and legal technology. Currently the only regional organisation to adapt UN's 11 norms of state cyberspace behaviour, Asean pledges to drive deeper collaboration and interoperability amongst member states and calls for other international communities to cooperate amid increasing cyber threats.


Supercharging the Digital Economy - Agenda

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Around 850 companies are members of techUK. Collectively they employ approximately 700,000 people, about half of all tech sector jobs in the UK. These companies range from leading FTSE 100 companies to new innovative start-ups. The majority of our members are small and medium-sized businesses.


Harnessing the shift to a digital economy

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Increasing numbers of central banks are beginning to look in earnest at creating a CBDC. The potential for this'programmable money' in a digital economy is significant, with many use cases and related services possible beyond merely replicating physical cash. China could prove to be the first mover in this, given its generation of new tech banks and its determination to eradicate the black economy. Likely timescales are usually mooted to be 4-5 years for a central bank to actually implement and launch a CBDC once it has taken the decision to do so and finalized its concept – but COVID-19 and general digital momentum could bring it about even sooner. With China actively pushing forward, and European authorities potentially in a race to prevent Facebook's Libra from getting the upper hand, we may see an acceleration of activity.


Advancing Digital Transformation to Improve the Economy and Society

Huffington Post - Tech news and opinion

It's no secret that we see challenges when it comes to rebuilding and retrofitting our roads and bridges, and the same can be said for our energy infrastructure. We need to continue developing and implementing modern, digital technologies that support clean and distributed energy while at the same time preserving our energy reliability and security. Technology advancements provide us with the exceptional opportunity to work globally across the energy ecosystem to ensure energy systems are interoperable and future-proof. All the while, they can scale to meet the needs of almost any energy provider big or small. We must take advantage of this unique point in our energy history to make the right decisions, and investments, that will move our economy forward.


The Digital World Expected to Inject Billions into the Economy

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PRNewsWire confirms that Digital Realty predicts that the AI, blockchain, IoT and 5G industries will rake in over USD721 Billion in revenure by 2029. Whether it's new businesses, new industries or new public services, the top 10 cities that are predicted to be leaders in that aspect are the following: New York City, Los Angeles, Tokyo, San Francisco, Singapore, London, Chicago, Toronto, Paris and Hong Kong. This growth comes as no surprise when we factor in how many emails we receive, digital transactions we initiate and internet searches we make. The revenues generated from data is known as the data economy. "We wanted to build on previous reports and uncover the role cities will play in the future data economy," says Chris Sharp, CTO of Digital Realty.