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January 26, 2024· Advances in human and social aspects of technology book series
book-chapter

The Digital Shift

Authors:Umesh Chawla *

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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