System Design and Management

The MIT Master's Program in Engineering and Management

The Emergence of a Digital Money Ecosystem

MIT SDM Systems Thinking Webinar Series

Irving Wladawsky-Berger, PhD
Visiting Lecturer, MIT Engineering Systems Division and
MIT Sloan School of Management

Date: April 30, 2012

About the Presentation

We are in the early stages of a very important transformation—the transition to a digital money ecosystem. This transformation is likely to be among the most exciting, important, and challenging initiatives the world will undertake in the coming decades.

The transformation involves more than the transformation of money (cash, checks, credit and debit cards, etc.) from physical to digital objects that we will carry in our smart mobile devices. It encompasses the whole money ecosystem, including the global payment infrastructures, the management of personal identities and personal financial data, the global financial flows among institutions and between institutions and individuals, the government regulatory regimes, and more.

This webinar will present an overview of this digital money transformation and the technical and societal forces that are driving it. We will also discuss some of the potential major consequences to business, the economy, and society in general.

For more information on this topic, please see Dr. Wladawsky-Berger's blog entry.

About the Speaker

Dr. Irving Wladawsky-Berger worked at IBM for 37 years, where his primary focus was on innovation and technical strategy. He then joined Citi as Strategic Advisor working on innovation and technology initiatives including the transition to mobile digital money and payments. He is Visiting Lecturer at MIT’s Sloan School of Management and Engineering Systems Division, Adjunct Professor in the Innovation and Entrepreneurship Group at the Imperial College Business School, and Senior Fellow at the Levin Institute of the State University of New York.

About the Series

The MIT System Design and Management Program Systems Thinking Webinar Series features research conducted by SDM faculty, alumni, students, and industry partners. The series is designed to disseminate information on how to employ systems thinking to address engineering, management, and socio-political components of complex challenges.

Irving Wladawsky-Berger

Irving Wladawsky-Berger, PhD

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