Presentation for Swedish Parliament - Finance Committee on the future of digital currencies and payments in Feb 2022.

1. Free on
Routledge.com
Professor Robin Teigland
Entrepreneurship & Strategy, TME
Chalmers University of Technology
robin.teigland@chalmers.se
February 2022
Future of Digital Currencies
and Payments
---
Presentation for Parliament of
Sweden - Committee of Finance

2. 1996

3. https://bitcoin.org/bitcoin.pdf
“…an electronic payment system based on cryptographic proof
instead of trust, allowing any two willing parties to transact
directly with each other without the need for a trusted third
party.”
Bitcoin & blockchain
emerge in 2008-2009

4. Return of Virtual Worlds?
Virtual
worlds
2012

5. DAO: Decentralized autonomous organization
Democratizing
ownership through
smart contracts on the
Ethereum blockchain
2016

6. Building an
open digital
economy
P2P platform for consumers to freely trade their items,
creators to launch new digital works, and developers to
build rich, integrated marketplaces for their digital items.
2017

7. NFTs ballooned to USD 41 bln
USD 24.4 mln
USD 4 mln
USD 69.3 mln
2021

8. 2020

9. 2021

10. The
Sandbox
Game
Convergence
of blockchain
tech and
virtual worlds
2022

11. Transformation?
Centralized,
hierarchical
Decentralized,
self-organizing

12. 12
DeFi

14. The future?
Conway 2003
What we don’t know
we don’t know
What we know
What we know
we don’t know

15. Thx to R. Wieselfors, Ericsson for photos

16. Thx to R. Wieselfors, Ericsson for photos

17. Convergence of
AI & other tech

18. VALUE
CREATION
Political Economic
Sociological
Technological
Environmental
Legal
PESTEL

20. http://www.regenvillages.com/
Self-sustaining communities

22. Circular factory in Portugal
Ocean Tech Hub LDA (OCT)
Graphene

24. Large-scale additive manufacturing

29. The future?
?
?
?
?
Forecast Vision Scenarios

30. Critical Uncertainty 1
Critical
Uncertainty
2
New
World
Order
High Technology
Convergence
Low Technology
Convergence
Global
Power
Struggle
Scenarios
for 2035

31. Scenario 1
Programmable Money
for Global Stability
New
World
Order
High Technology
Convergence
Low Technology
Convergence
Scenario 3
Circular Villages &
Timebanking
Scenario 4
Stablecoin in Sea
and Space
Scenario 2
Great Depression in the
“Crypto Wild West”
Global
Power
Struggle
Scenarios
for 2035

32. Scenarios for 2035
Scenario 1
Programmable Money for Global Stability
To create global social stability, governments align efforts to
tackle climate crisis, limit big tech platform power, and reduce
terrorism and cyber fraud.
Cash eliminated as major economies have implemented
programmable CBDCs, eg e-USD, e-EUR, e-Ruble, e-RMB to tightly
regulate individuals and centralize economic activity for stability.
Cryptocurrencies and crypto assets eliminated due to global
cryptocurrency crackdown while metaverses with economic
activity died due to high cost of energy and regulation.
Low
Technology
Convergence
High
Technology
Convergence
Global
Power
Struggle
New
World
Order

33. Scenarios for 2035
Scenario 2
Great Depression in the “Crypto Wild West”
Climate disasters, race for natural resources, unprecedented piracy and
cyber hacking lead to polarization and EU to disintegrate, Texas and Tamil
Nadu to secede, and once grand economies nothing more than fighting
”clans”, leaving the world in a great depression.
Cash is once again king as trade is mostly local and CBDCs abandoned due
to hacking. Tech giants Amazon, Alibaba, and Jumia (Africa) collaborate to
build one global B2B/B2C platform and create interchangeable tokens
among their regions for payments.
A wild west of scam cryptocurrencies, cryptoassets and metaverses lure
desperate, unemployed individuals through their get-rich-quick schemes
leading to global downward spiral of suicides and crime.
Low
Technology
Convergence
High
Technology
Convergence
Global
Power
Struggle
New
World
Order

34. Scenarios for 2035
Global
Power
Struggle
Low
Technology
Convergence
New
World
Order
High
Technology
Convergence
Scenario 3
Circular Villages & Timebanking
To tackle current global situation, Scandinavia has created a strong regional
union with a highly decentralized approach based on similar values and a strong
history of technological prowess.
Due to extensive business model pivot, IKEA provides infrastructure for 100%
self-sufficient, off-grid communities enabled by renewables, circular
technologies, and sharing mindset. Klarna’s advanced IoT and biometrics
system enables trade through bartering and timebanking.

35. Scenarios for 2035
Low
Technology
Convergence
High
Technology
Convergence
Global
Power
Struggle
New
World
Order
Scenario 4
Stablecoin in Sea and Space
Climate & societal crises are solved due to singularity with major
advances in quantum computing, nanotechnology, fusion, AI, and AR/VR
through global R&D collaboration. Infrastructure projects are underway
for “colonization” of oceans and space.
Decentralized autonomous networks enable permissionless access to
everything “as-a-service” through seamless virtual/physical environments
and AI-enabled M2M transactions through a universal stablecoin.
The challenge is to create “money” for time travel in space.

36. What do I need?
Cybersecure
Wallet
Cryptojunk
Filter

37. DeFi startup in Norway
Merging
traditional
finance with
decentralized
finance
Contact: Founder & Chairman Soren Zonouz, sorenbest@gmail.com

38. Professor Robin Teigland
Entrepreneurship & Strategy, TME
Chalmers University of Technology
robin.teigland@chalmers.se
Thank you!