• Albany Flores

Technological innovation and digitization of the economy, themes of the World Economic Forum 2022

The World Economic Forum’s anual meeting in Davos, Switzerland, returned to face-to-face meetings on Sunday, May 22, 2022, with a focus on technological innovation and the digitalization of the economy to reduce global challenges and build fairer societies.

The meeting took place in the European country between May 22 and 26, and was attended by entrepreneurs, executives, government leaders, supranational entities, industry representatives and technological pioneers and innovators.

Despite the diversity of topics, technological innovation and digital transformation prevailed due to the growing need — especially after the pandemic — to ensure the digital development of the most vulnerable communities, since many of the answers to the challenges of the 21st century are to be found in disruptive technologies.

The event opened with a speech by the forum’s founder, Klaus Martin Schwab, who predicted that globalization 4.0 (digital globalization) will be more sustainable and accelerate multilateral cooperation between countries, enabling millions of people worldwide to break the cycle of poverty.

He was followed by a series of forums on the future of globalization, global cybersecurity, the new era of digital money, the beginning of a more secure digital future, building data systems, unlocking digital innovation, the shared future in the metaverse, the strategic outlook for the digital economy, and the imminent arrival of Central Bank Digital Currencies (CBDC) and private cryptocurrencies to the world’s financial systems.

During his intervention at the Central Bank Digital Currencies (CBDC) table, the President of the Central Bank of France, François Villeroy, revealed that it is very likely that in the next five years we will have CBDC around the world, as there are several experiments that are not far away from achieving this and could do so in the next three years.

His idea was shared and endorsed by a number of top executives such as Google Inc. vice president and chief financial officer Ruth Porat, Nokia Corporation president and CEO Pekka Lundmark, and Credit Suisse Group president Axel Lehmann, who remarked that indeed the next five years will be decisive for the digital economy and cryptocurrencies.

On the other hand, among the issues discussed regarding the digital divide affecting emerging markets, there was debate on the need to digitize industries for business diversification, to innovate with digital tools to create strong and secure financial and educational systems, and to contribute with technology to strengthen democracies, trade and the fluidity of supply chains.

In response to these demands, the board of directors of DelNorte Holdings Inc. , represented by Anton Glotser, Yuriy Chudinov and Jud Ireland, took advantage of their invitation to the forum’s annual meeting to share the technological solutions, tools and services of the DelNorte Ecosystem.

At DelNorte we are a pioneering company in digitization processes and the generation of smart contracts (NFT) from legally recognized real assets working with disruptive technologies for the digital development of emerging markets.

We are the only technology company that has contracts with governments around the world, and our technology guarantees the management of property titles that certify intellectual property, the management and registration of real estate titles that cannot be duplicated or altered, the management of resources through a protocol that incentivizes international trade and improves supply chains, and smart identity management for governments and corporations.

In addition, the DelNorte Ecosystem offers a digital payment system (Conteon Emitter) that ensures the tokenization of a good or product and improves the security and traceability of transactions; and a cryptocurrency (DTV) whose value is backed by the company’s entire technological and financial structure.

Thanks to the different functions of its platform, at DelNorte we are a great alternative of technological innovation for some of the challenges presented at the forum.

Additionally, our board of directors took the opportunity to participate in the Crypto House, a space dedicated to the world of cryptocurrencies that was one of the main attractions for the participants of the event and that even overshadowed other representative brands of the traditional economy.

It also took the opportunity to expand its networking, corporate agenda and project plans with some of the global pioneers of the crypto world, as well as with political leaders, entrepreneurs and investors from around the world.

The council shared with important figures in the new global economy such as entrepreneur and cryptocurrency pioneer Brock Pierce, Second Life founder Philip Rosedale, Exponential Destiny founder Marcus Shingles, NEAR Protocol representatives, and the Mayor of the City of Miami, Francis Suarez.

The World Economic Forum concluded yesterday May 26th with great technological challenges for the progress of the most vulnerable societies, but at DelNorte we are ready to contribute to the development of markets and the welfare of emerging markets.

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