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From the digital economy
to the (digital) trust economy
We are talking about trust…
because there are risks
Yves Gassot, CEO, IDATE DigiWorld
15 – 17 November 2016
Copyright © IDATE 2016, 2
1. Understand: the paradox
Will consumers wake up?
 More and more cyber-attacks: Tesco Bank, Talk-Talk, Dyn, Yahoo, US office of personnel
management, etc.
 Risks tied to platforms’ lack of independence…
And… what will they do about it?
1. Companies are investing to prevent security breaches but, according to the ISA …
“Cyber crime is costing the US economy between $500bn and $1tn a year, but less than $5bn
is being allocated to fighting it”.
2. Customers/Users… continue to use (free) social media, mobile banking and, recently, we
have seen a rapid expansion of the sharing economy where trust is a central prerequisite
(giving access to your house or car).
Copyright © IDATE 2016, 3
2. Forecast… Did anyone see it coming?
And tomorrow?
We will have to deal with the risks surrounding large-scale deployments of:
 Autonomous cars
 IoT
 Smart Cities
 Smart Robots
 NBIC (DNA and biomorphic data)
…
Copyright © IDATE 2016, 4
3. Innovate: Have a tech-positive attitude!
Business Opportunities
Build trust through key enablers to secure identity
Trust as an opportunity to develop a safe environment: “trusted third parties”
… and
 Blockchain as the ultimate trust solution?
Copyright © IDATE 2016, 5
4. Regulate: fine tuning…
Work on fine-tuning…
thanks to a mix of ex-ante and ex-post regulation
How to find the right balance between:
 Security and Cost effectiveness
 Privacy and Monetization
 Competition and Innovation
Have a great conference!
… and
Thank you

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DWS16 - Plenary - from the digital economy to the digital trust economy - Yves Gassot, IDATE DigiWorld

  • 1. From the digital economy to the (digital) trust economy We are talking about trust… because there are risks Yves Gassot, CEO, IDATE DigiWorld 15 – 17 November 2016
  • 2. Copyright © IDATE 2016, 2 1. Understand: the paradox Will consumers wake up?  More and more cyber-attacks: Tesco Bank, Talk-Talk, Dyn, Yahoo, US office of personnel management, etc.  Risks tied to platforms’ lack of independence… And… what will they do about it? 1. Companies are investing to prevent security breaches but, according to the ISA … “Cyber crime is costing the US economy between $500bn and $1tn a year, but less than $5bn is being allocated to fighting it”. 2. Customers/Users… continue to use (free) social media, mobile banking and, recently, we have seen a rapid expansion of the sharing economy where trust is a central prerequisite (giving access to your house or car).
  • 3. Copyright © IDATE 2016, 3 2. Forecast… Did anyone see it coming? And tomorrow? We will have to deal with the risks surrounding large-scale deployments of:  Autonomous cars  IoT  Smart Cities  Smart Robots  NBIC (DNA and biomorphic data) …
  • 4. Copyright © IDATE 2016, 4 3. Innovate: Have a tech-positive attitude! Business Opportunities Build trust through key enablers to secure identity Trust as an opportunity to develop a safe environment: “trusted third parties” … and  Blockchain as the ultimate trust solution?
  • 5. Copyright © IDATE 2016, 5 4. Regulate: fine tuning… Work on fine-tuning… thanks to a mix of ex-ante and ex-post regulation How to find the right balance between:  Security and Cost effectiveness  Privacy and Monetization  Competition and Innovation
  • 6. Have a great conference! … and Thank you