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The Weightless Marketplace - Coming to Terms with Innovative Payment Systems, Digital Currencies and Online Labor Markets

Monday, July 15, 2013

8:45 a.m. – 10:20 a.m.              Session I.  The Changing Nature of Commerce

Commerce in 2013 is already a far distance from the typical transaction 30 years ago.  The digital disruption had turned a lot of traditional commerce around.  There is greater consumer power, a truly global marketplace, sharing through social media, and cheaper, faster, more transparent transactions.  Indeed economies and ecologies are changing such that we now have shared and barter economies, and markets on markets, e.g., data derivatives.  Crowd sourcing and crowd funding are new phenomena. This first session will explore the conditions and drivers of the new economy.

  • How do we define commercial transactions?  Where does commerce merge with communication?
  • What are the relevant disruptions to commerce today?
  • What drivers and trends will most affect commerce in the coming days?

10:45 a.m. – 12:15 p.m.            Session II.  The Weightless Marketplace: New Methods of Payment Not only does every vendor have access to customers throughout the world, but markets themselves have new characteristics, often dependent on technology, ecology, and location. Between the use of mobile wireless technologies and digitization, the weightless aspects of transactions may be the greatest area of transformation.  This session will examine emerging payment systems such as those by mobile phones, using new currencies, with alternative kinds of authentication.

  • How do the trends identified in Session I and others affect the payments system?
  • How should we think about alternative currencies? 
  • How are they converted into traditional currencies?

Tuesday, July 16, 2013

8:45 a.m. – 10:20 a.m.              Session III. Economic & Business Implications of the New Commerce

From the findings and insights gained on the first day, participants will explore the implications.  In this session, we begin with a look at the economic implications of instant, global, alternative transactions. 

  • On the macro level, what does this mean for economic growth and jobs within a country? 
  • How will new ways of market-making change the ability to compete?
  • What does this mean for structuring organizations to engage in commerce?

10:40 a.m. – 12:15 p.m.            Session IV.  Social Implications

Just as every economy will feel the brunt of the new commerce, so will citizens in their communities.

  • How will the new economy change communities?  For example, what kinds of communities will prosper and which will likely be left behind?  Why?
  • How can non-profits and governments utilize the new commercial realities to improve citizens’ lives?  How does this new world impact social goods such as education and healthcare?
  • How does this world of transactions intersect with other areas of change such as bio-technology to impact individuals and communities?

Wednesday, July 17, 2013

8:45 a.m. – 10:20 a.m.             Session V.  Governmental Implications

Sovereignty is the ability of a government to control what goes on within its borders.  Under that definition, few countries in the world would have complete sovereignty over their commercial ecologies.

Nevertheless, the constant give and take between governments and businesses will have interesting new realities in the coming years.

  • How might governments utilize the new commerce for better services and a more engaged citizenry?
  • If it moves, tax it.  But how?
  • How can governments control currencies within their borders?
  • How can governments interact to retain sovereignty within their borders?

10:40 a.m. – 12:00 p.m.            Session VI.  Leadership for the New Economy

In our final session, participants will take a broad look at the trends and implications, and bring them home to their own organizations.

  • How does a leader navigate the new economy?  What are the important next steps for leaders to take to prepare their organizations for the new economy?
  • How can the leader benefit the organization, its ecology, and its community?  What happens if they don’t?