Industry 4.0: The Era of Digital Dollars and Data-driven Transactions
About this event
The advancements in technology, connectivity, and data analytics are forcing payments and industry supply chains to continuously digitalize. Being on the cusp of the Fourth Industrial Revolution also creates massive challenges for all industry vertical segments, especially those in the midst of transformation of traditional manufacturing and industrial practices with the integration of modern smart technology. These technologies are evolving rapidly, while regulation is following, always one step behind what is technically possible. The enabled automation of transactions, optimization of payment terms and smoother financial transactions has already brought forth smartcard payments that allow for contactless payments and shared revenue agreements. Another example is the work on biometric payment cards that have a fingerprint sensor, letting the user verify their identity by simply placing a finger on the card’s sensor and tapping the card at the payment terminal. Digital currencies alike, have been a core part of these innovations from the start, yet, with the rise of Industry 4.0, there is a heightened focus on cybersecurity, regardless of whether fiat or crypto currencies are the subject. The call for measures in place to protect sensitive payment information and prevent fraud are increasingly heightened.
While traditional payment rails remain reliable solutions, continuing to be at the center of cash cycle management, the shift from paper-based to digital processes payment solutions is inevitable. The universal desire to improve efficiency, respond to innovation and reduce operational risk is necessitating worldwide reform of payments. The era of open banking has been herald not least with the European Union’s revised Payment Services Directive (PSD2) now in force and similar regulatory initiatives underway in other parts of the world.
The goal of this webinar is to discuss and assess the current state of the usage, risk and potential profile of digital money in the context of the fourth industrial revolution, as assessed by industry leaders working in the industry and actively pushing these developments forward.
In particular, in this webinar, we focus on addressing the following questions:
Where do we stand with regards to the adoption of digital money in the industrial revolution?
What use cases are there to couple digital money with the ongoing AI wave entering manufacturing processes right now?
What are the limiting factors for digital money in this context?
Which concrete examples of payments in the digital payments world are relevant?
Which gains could come from implementing digital money more?
Which role do secure elements play in this debate?
Which additional choices can we expect in how we pay in the future?
Which role do cities play in making digital payments more widespread?
How does European legislation in this regard compare to other parts of the world?
During the webinar, you will also have the opportunity to ask direct questions to the speakers.
Panelists
Ji Zheng (Principal Engineer Technical Marketing, Infineon)
Gregg Bell (Senior Vice President, Hbar Foundation)
Allan Pedersen (CEO, Eurodollar)
Maximilian Maischein (Senior Expert Digital Currencies, DZ Bank)
Moderator
Valentin Kalinov (Operations Manager, Digital Euro Association)
Location and Date
Location: Online. Details for the live broadcast will be sent to you on the day of the event (no prior software installation required)
Date: May 15, 2024
Time: 17h00–18h30 (CET)
Language: English
Agenda
17:00 - Welcome and introductory words
17:05 - Opening Keynote by Allan Pedersen (CEO, Eurodollar)
17:20 – Panel discussion: Industry 4.0: The Era of Digital Dollars and Data-driven Transactions
18:15 - Q&A
18:30 - End of webinar
Tickets and registration
Required via Lu.ma; you will receive the URL for the webinar in advance.
Who should participate?
Employees and decision-makers from the financial sector interested in digital money and advancements of the monetary system
Decision-makers and employees from the financial and capital market industry who are affected by the introduction of CBDCs, stablecoins, e-money and other digital forms of money
Lawyers and consultants with a focus on capital market law and digitization
Decision-makers and employees from the financial and capital market industry who are affected by the regulation of the financial sector
Journalists from the economics and technology department
Researchers, academia with an interest in legislation, financial systems and banking
Other groups of people with an interest in capital markets, crypto assets, technology, and digitization
Contact
Digital Euro Association
E-Mail: info@digital-euro-association.de
Web: www.digital-euro-association.de
About the Digital Euro Association
The Digital Euro Association (DEA) is a think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money. In particular, we focus on the private and the public digital euro. The DEA is an independent voice of society, committed to advancing values such as freedom, privacy, and transparent governance in digital money. The DEA is independent and not affiliated with the Eurosystem nor any European organization. More information on the Digital Euro Association can be found on our website, LinkedIn and Twitter.
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