Prof Jason Potts presenting at the RMIT Distinguished Lecture series
Image credit: RMIT Professional Academy

Prof Jason Potts presents ‘The Origin and Nature of Digital Economies’

Author Natalie Campbell
Date 14 August 2024

On Monday 5 August ADM+S CI Distinguished Prof Jason Potts delivered a lecture on The Origin & Nature of Digital Economies as part of the RMIT Professional Academy’s Distinguished Lecture Series.

“We are today in the early phases of a profound transition to a digital economy,” said Prof Potts.

“My argument is that a digital economy does not mean computers everywhere, but is the transition to digital institutions.”

In his talk, Prof Potts shares provocations of a new type of economy – a digital economy, fundamentally different from an industrial economy in the way these institutions (digital money and assets, digital markets, contracts and platforms) are composable to coordinate economic actions and compute value.

“The cheap new resource in a digital economy is not data per se, but rather the ability to spin-up a full stack economy from within civil society.

“This new institutional capability is the most disruptive factor of our time.”

Prof Potts is co-founder and Director of the RMIT Blockchain Innovation Hub. His research examines the institutional causes of technological change and innovation, with a current focus on crypto-economics and the economics of generative AI.

The RMIT Professional Academy was established in 2018 to bring together RMIT’s best minds in research, education, and engagement with community, business, government, and the public, to provide strategic advice, stimulate important discussions, and advocate for impactful value creation.

Watch the lecture on Youtube.

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