Singaporeans, like many others, are concerned that emerging technologies could lead to widespread unemployment and social unrest as humans are replaced in the workforce by automation, artificial intelligence and robots.
Whilst not entirely misplaced, such anxieties have sparked discussions about alternative economic models, for example concepts like a Universal Basic Income. Another possibility is a new economic model built around data, or more precisely, a data economy based on an ‘algorithmic data exchange’ akin to a stock market that creates value through the exchange of data assets.
If established correctly such a Data Exchange could help address economic inequality, a concern […]
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