"Trade is founded on four primary pillars: commerce, finance, insurance and logistics but together they are not achieving the required level of efficiency."
Let’s pause for a moment before engaging in the Digital Economy debate and answering these questions. All agree that the ultimate goal is to foster a prosperous global economy. To do so, economic leaders recognize that the engine needed to spur global economic growth is world trade.
Trade is founded on four primary pillars of trade: commerce, finance, insurance and logistics. Each industry employs various forms of advanced technology, but together they are not achieving the required level of efficiency. The weakest link among the four industries is logistics, which is also the linchpin that connects our world.
“The MDDEAS digitizes the global value chains in the B2B market place by combining digital commerce, finance, insurance and logistics, delivering economic benefits to every corner of the planet.”
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 MDDEAS provides a point-to-world integration environment that removes fragmentation of the trade processes between the real economy participants.”
At the heart of our global initiative is a unique formula that ensures rapid deployment of the Digital Economy. The E-Hub of the World, with universal jurisdiction, provides the Multi-Dimensional Digital Economy Application System (MDDEAS) that connects the real-economy participants with limitless possibilities.
This formula is founded upon three main foundations:
- A governance body mirroring the GCEL global community
- An organization with universal jurisdiction and protection by the international community
- A network of the world’s top finance, insurance and technology firms acting as gateways to the MDDEAS
The E-Hub is the body that mirrors the global community, composed of semi-government organizations, academic institutions, financial institutions and insurance firms from around the world.