Aug 7, 2017
As digital technology creates new and different ways to transact we have witnessed the emergence of new forms of currency and transaction platforms to support different methods and types of value exchange. New methods of transaction could have wider economic and social implications with regard to the extent of government control over the economy; the structure of traditional models of tax, social security and pensions; and the role of individuals and communities in the wider financial system. Because the landscape of innovations in this sphere is broad and fast moving, thought should be given to the potential impact of these changes on wider society, and how they could be harnessed by government, communities and individuals for societal good. This perspective explores how digital platforms are changing the ways we transact and exchange value and the associated societal impact.