DIGINOMICS - The World of Digital Economics

Tracking the Trends and Developments of a Globally Interconnected, All-Digital Culture

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DIGINOMIC TIDBITS

As wireless technology expands, and interconnectivity spreads, an all-digitized global culture becomes a virtual reality.

WiMAX™ is on track to cover more than 800 million people worldwide by end of 2010, and 1 billion by 2011. Current WiMAX network deployments reach 555 networks in 147 countries. The WiMax Forum

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Smartphone Application Market To Reach US$15.65 Billion In 2013, reports research2guidance (May 4, 2010)

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More Than One Billion Mobile Workers Worldwide by Year's End, According to IDC.

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Current Internet Population

[Total Population:
WORLD: 6.7B; USA: 309.5M]

World on Web : 1,802,330,457 (26.6%)

U.S. on Web: 234,372,000 (76.3%)

June 2010

Source:Internet World Stats

Estimated number of mobile-phone subscribers worldwide: 4.6 Billion 
~ TIME magazine, May 31, 2010


 

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DIGINOMIC NEWS SOURCES
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DIGINOMIC BLOGS
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DIGINOMIC EVENTS

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"Money is already undergoing monumental changes and will change even more in ways that most of us can't even imagine. Now that phones can become wallets and payments can be embedded into almost anything, the opportunities for developers are wide open."

 

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DIGINOMIC WORLD NEWS

In 1998, Wallace Wood, founder of the National Space & Technology Association (NSTA), first coined the term "Diginomics" to depict global trends toward a totally digitized world across the broad spectrum of cultures. The term is an acronym for "digital economics." In 2007, the Merriam-Webster Online Dictionary adopted the term as a new word in the English language, applying Wally's original definitions.

Introducing FaceCash
The Future of Payments has Arrived

Think Computer Corporation (ThinkLink) has released its new FaceCash payment system utilizing smart phone scan code display technology.
C$ Launches its Cell Phone-based Virtual Wallet in Fall

cMoney, Inc. is a Houston-based technology company that has developed a new and innovative way to send money and pay for goods and services using a cell phone and the text messaging system. Scheduled to launch this fall, the pioneering technology will create a “virtual wallet” that will eliminate exposure to identity and credit card theft for users. It can be used anywhere that cash, checks or credit cards are accepted.
Coming Soon: Futuristic Vending Machines Going Cashless

From Abu Dhabi to Macy's in Minneapolis, and everywhere else in between, vending machines are being updated. Coins and dollars are gone. NY Times.

 

 

New iPhone App: Deposit Checks Using Phonecam
If you are an iPhone owner, and you have a Chase bank account, you have an advantage above all others with the newest app that allows you to deposit any check using your phonecam. Photo the front of the check. Photo the back of the check. Click the button to send. That's it! No hassles. No deposit slips. No lines inside or out. ChaseMobile Banking.

 

 

Ten examples of why the humble ATM = innovation in 2010
What's happening to the 'old fashioned' Automatic Teller Machine (ATM)? Just as current figues show a decline in ATM use for traditional cash withdrawal purposes only, the old box is undergoing both facelifts and special feature add-ons. TheFutureOfBanking.org
Americans abroad have trouble using cards
Americans are increasingly facing difficulty using their credit cards abroad.

Chief culprit? Different technology standards.

U.S.-issued cards still have magnetic strips. More cards abroad are issued with encrypted microprocessor chips, and shops and businesses have adjusted the payment process to the varying standard. USA Today

National Strategy for Trusted Identities in Cyberspace

The White House is seeking comment on a draft plan for establishing a trusted identity system online, with the goal of making Internet transactions more secure and convenient. In an ever-expanding Diginomic World, online security is paramount should global population participation be achieved.  ~ Ideascale  ~ Federal Computer Week
More Diginomics News at LinkedIn

 

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QUOTABLES

Jeffrey Milman – The New York Times – June 24, 1999

“Chips can be programmed to store monetary value, just like EZ-Pass and Metrocard. If such a chip were implanted in the fleshy part of the palm of the hand, with a wave we could pay highway tolls, pass through subway and bus turnstiles and breeze through the supermarket checkout. Just think of the value to society: no more cash to worry about, or waiting for change, and no more muggings. This is the cashless society we have been dreaming of for years.”

David Wolman – Wired magazine – June 2009

“Unfortunately, the world’s governments remain stuck in the past. In an era when book, movies, music, and newsprint are transmuting from atoms to bits, money remains irritatingly analog. Physical currency is a bulky, germ-smeared, carbon-intensive, expensive medium of exchange. Let’s dump it!”

comScore Chairman Gian Fulgoni - internetnews.com - May 15, 2009

"The smartphone is to mobile advertising what broadband was to the PC. Pre- and post-broadband, it's night and day, and mobile commerce will go through the same type of transition. Mobile purchasing is small today, but we do believe the technology is aligning to make it much more prevalent. As smartphones become a bigger part of the market, and users become more confident, mobile e-commerce will gain traction."

"There's a whole new economy of mobile applications that are making buying transactions easier. As consumers become more aware of them and they reach critical mass, the market will move."
 

Ray Hammond - "Digital Business: Surviving and Thriving in an On-Line World"

"The emerging network economy will cause widespread disintermediation (the elimination of middle distribution channels) and it is clear that only those companies which move quickly to the new model will survive and thrive."

Cashless Society by 2012, says Visa chief (The Independent on Sunday) - March 11, 2007

"Paying for goods with notes and coins could be consigned to history, according to the chief executive of Visa Europe. Peter Ayliffe said that, by 2012, using credit and debit cards

should be cheaper and more convenient than cash."

"Mommy Doesn't Carry Cash" - Forbes.com, Sept.16, 2002
"This is how the cashless society is creeping up on us ... from established players like Visa using humdrum tools like debit cards. 'The cashless, checkless society is coming,' insists Carl Pascarella, chief executive of Visa USA. 'But it's not the big bang that everyone was expecting. It's a silent revolution.'"

 

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