Digital Economy News

PeasyPay: the European solution for biometric payments by EIT Digital

A new system developed by EIT Digital start-up PeasyPay is allowing people to pay by just showing their faces and taking a picture of...

EIT Digital: Celebrating ten years of building a strong digital Europe

Ahead of EIT Digital’s ten-year anniversary, Innovation News Network’s international editor, Clifford Holt, speaks with the organisation’s CEO, Willem Jonker, about how they are...

Mobile healthcare app receives €9.5m amid COVID-19 crisis

Siilo, a secure mobile healthcare company for medical professionals, has received €9.5m in venture capital financing. The company, which was founded in 2016, enables healthcare...

Next Generation EU: investing in a greener and more digital EU

27 Member States have endorsed the European Commission's recovery proposal, Next Generation EU, which aims to increase the Union’s sustainability and digitisation. To repair the...

Could post-COVID-19 societal changes influence new digital technologies?

EIT Digital’s CEO Willem Jonker spoke to The Innovation Platform about how post-COVID-19 societal changes can influence new digital technologies. EIT Digital is a leading...

CardLab’s new partnership could result in a more secure hardware wallet

The secure cryptocurrency wallet maker, eSignus, has recently partnered with CardLab in order to develop a more secure hardware wallet, the HASHWallet. The secure cryptocurrency...

The oldest bank in Sweden is testing solutions for the e-krona

The central bank of Sweden, Sveriges Riksbank, is conducting a pilot project with the aim to develop a technical solution for the e-krona. The world’s...

The European Investment Bank: providers of climate finance

The EIB provide finance and expertise for sustainable investment projects that make a strong impact on people’s lives in...

Emerging technologies: blockchain and AI

Chair of the European Parliament's Science and Technology Options Assessment Body (STOA), Eva Kaili, explains how Europe can be strong if we use these...

RoadAI in action: collecting data, improving road maintenance efficiency

Disruptive technologies like RoadAI can reduce manual labour tasks and make data collection more efficient and accurate. Disruptive technologies present opportunities to make laborious manual...

Cybersecurity paradigm shift offers solutions in a world of cyber risks

CardLab’s disruptive security solutions offer the essential cybersecurity paradigm shift to put an end to cybercrime. Surveillance is becoming more commonplace than ever before. In...

The challenges of modern optoelectronics: laser, optoelectronic and biophotonic techniques

The Institute of Optoelectronics aims to support research and education in laser, optoelectronic and biophotonic technologies, with laser technology and modern applications at the...

Digital Economy

Digital economy refers to an economy that is based on digital computing technologies, although we increasingly perceive this as conducting business through markets based on the internet and the World Wide Web.

It is essentially the economic activity that results from billions of everyday online connections among people, businesses, devices, data, and processes.

The backbone of the digital economy is hyper connectivity which means growing interconnectedness of people, organisations, and machines that results from the Internet, mobile technology and the internet of things (IoT).

The digital economy is taking shape and undermining conventional notions about how businesses are structured, how firms interact, and how consumers obtain services, information, and goods.