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The Digital Shift: Unleashing Potential, Reimagining Power Dynamics

The Digital Shift: Unleashing Potential, Reimagining Power Dynamics
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Author(s): Umesh Chawla (HP PPS Sales Sdn Bhd, Malaysia)
Copyright: 2024
Pages: 11
Source title: Driving Decentralization and Disruption With Digital Technologies
Source Author(s)/Editor(s): Balraj Verma (Chitkara Business School, Chitkara University, India), Babita Singla (Chitkara Business School, Chitkara University, India)and Amit Mittal (Chitkara Business School, Chitkara University, India)
DOI: 10.4018/979-8-3693-3253-5.ch007

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Abstract

In the dynamic digital epoch, this exploration delves into the impact of technologies on decentralization, unraveling blockchain, AI, and IoT. It dissects their transformative influence on power structures, economic paradigms, and global interactions. From the transparency of blockchain to the decision-making of AI and the symphony orchestrated by IoT, the chapter explores technologies shaping a new decentralized reality. Blockchain disrupts traditional finance, extending its impact to healthcare and supply chain management. The intersection of AI and blockchain enhances security and governance. IoT transforms industries, ushering in real-time data exchange and automation. The chapter explores deglobalization, examining how digital platforms empower local entrepreneurship and decentralized digital identity systems enhance national security. Challenges, including security concerns and inclusive access, demand astute navigation, improved collaboration, and proactive governance. The chapter concludes with a call for collective wisdom and ethical stewardship to shape a decentralized future.

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