By maximizing the efficiency of global logistics, we will create the platform needed to enhance commerce, finance and insurance, providing the tools and the roadmap to create tens of millions of jobs, hundreds of billions of dollars of new trade and hundreds of billions of dollars in reduced trade costs. This is what the world expects from the real engine of the global economy.
The Digital Economy does exist, but it is fragmented and fails to achieve its enormous potential. In a time of global economic challenges, we must merge and empower the four industries to unleash their full potential and promote tangible, sustained global economic growth.
In addition, technology’s impact on today’s world economy is limited by corporate monopolies, geopolitical influences, specific product orientation, system fragmentation, single source non-validated data and high implementation costs.
We must remember that the main objective is not the implementation of the Digital Economy in itself, but to utilize a new era of IT to achieve a new era of prosperity for all.
Therefore, a major mindset adjustment is required with regards to how the Digital Economy is defined, including its governance, ownership, deployment and business model, since it impacts the lives of 7 billion people around the world.
“The engine powering the new digital world - at once combining digital commerce, finance, insurance and logistics - is the engine of the future, delivering economic benefits to every corner of the planet.”