DES 2023 explores mega trends that shape the future of digital economy
To build a common platform for digital economy, Bank of China (Hong Kong) executives highlight the need for an inter-connected and coherent digital infrastructure with cross-platform solutions at this year’s Digital Economy Summit.
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To pave the way for a digital economy, it is necessary to create an inter-connected and coherent digital infrastructure that supports decentralised applications and platforms, develop cross-platform solutions to enable seamless integration, and engage with policymakers to establish supportive and adaptable regulations.
Wrapped up on April 14, the two-day Digital Economy Summit (DES) 2023 gathered banking executives, entrepreneurs, innovators and thought leaders to decode the future trends in smart city, data innovation, fintech, Web3, AI & big data, smart mobility, and new industrialisation.
Many countries have already formulated blueprints to foster the development of the digital economy, so it is important for Hong Kong to build a unified standard and a coherent digital financial infrastructure for financial institutions, innovators and customers in the digital economy, said Dr Rocky Cheng, chief information officer of Bank of China (Hong Kong) (BOCHK), in his keynote speech. The bank is the Digital Banking Partner of this year’s DES.
Dr Cheng believes that an integrated digital financial infrastructure should be underpinned by three foundations. First, the full digitalisation of different infrastructures. Second, the interconnectivity and interoperability of different infrastructures, enabling at least transactions and operational data to be shared and exchanged seamlessly.
