The World Economic Forum announced the formation of six Global Fourth Industrial Revolution councils to work on new technology policy guidance. The councils will aim to help policy makers to regulate artificial intelligence, autonomous mobility, blockchain, drones, Internet of Things, and precision medicine. The participants of the boards will be leaders from the public and private sectors, civil society and academia and will gather regularly to address the relevant regulatory issues, to define a mutual understanding of best policy practices and provide strategic guidance. According to the announcement, the councils’ members already met for the first time at the Forum’s Centre for the Fourth Industrial Revolution Network in San Francisco and are planning a global summit on technology governance next year in April 2020..
The Internet of Things (IoT) includes a wide range of Internet-connected devices, from highly digitalised cars, home appliances (e.g. fridges), and smart watches, to digitalised clothes that can monitor health. IoT devices are often connected in wide-systems, typically described as 'smart houses' or 'smart cities'.
The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the constant rise of the global network, we have witnessed many global services becoming widely accepted and in a way changing (by adding to) our experience of mutual interaction.