Jan 22nd 2019
The World Economic Forum’s annual gathering in Switzerland was held this week and the NetComm Suisse President, Carlo Terreni, was present. Better known just by the name of its location, the Swiss alpine resort of Davos, the event brings together world leaders from the political, social and business spheres to discuss the most pressing issues of the day.
Mr. Terreni, who is a regular at the event, came back with the following insight:
“The exciting thing about Davos was that, this year the discussion has moved from theory to practice. Instead of asking ‘when will AI arrive’ or ‘what is blockchain?’ now the questions being asked are, ‘should the Swiss bank regulate cryptocurrencies?’, ‘what impact do mobile payments have on e-stores?’. That means that digital is progressing at an incredible rate and now is the time for us to harness its power.
Mr. Terreni was able to learn from first-class speakers at the event, many of whom we are proud to know personally at NetComm Suisse, including Marc Walder, CEO of Ringier and Founder of Digital Switzerland, Thomas Gottstein, CEO of Credit Suisse as well as Mr. Thomas J. Jordan, Chairman of the Governing Board at the Swiss National Bank.
At a roundtable featuring all the above luminaries, the discussion was dominated by finance, but with a strong focus on its transformation owing to digital. Questions such as “should the Swiss National Bank launch its own cryptocurrency?” were particularly interesting, given that it was only last year when delegates were asking what exactly cryptocurrencies were. One point that stood out was that, in terms of digital competitiveness (defined as a nation’s ability to discover, understand and build new technologies), Switzerland stood at 6th place in the entire world, ahead of every other country in Europe.
While the NetComm Suisse team is thrilled that Switzerland’s digital prowess is being recognised globally. It also sets a challenge: to do even better next year and continue the work of leading eCommerce and digital revolution across Switzerland making it work for everybody, especially given the disruptive power of these new technologies: making sure that it delivers jobs and opportunities for the people of Switzerland and beyond.
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