New Economy

     Being digital society also means emerging new economy in the community. As economics play very important role in the every aspect of human being life, therefore with the transformation from being real to being digital, like or dislike people will transform from everything that real to digital (as data, that is able to carry everywhere they go without afraid of being lose or being left at home). Therefore now they will no longer use hard cash, but instead digital money to conduct any transaction.

     They can do banking or shopping via their smart integrated gadget that embedded to their body (plug, unplug and play system). As a result of this we may no longer need real bank, as we can open our account via internet connection at home/anywhere and load the money/data online into our gadget embedded on our body via Blue Tooth system, USB connection or infrared data transfer and vice versa, while the bank could be just database and data exchange super computer processing center. Their function now just as a central of data exchange from one to another, while the bank central or technician will look after the bank system only to avoid any data exchange hacker or fault, as each fund stored can be accessed by the owner only.

     With this system, it is possible all hard cash from each countries will become universal money, therefore they do not longer require exchange rate for money transfer or transaction from one with another countries. And with the new money every transaction or transfer from one to another person account, regardless the time and space can be conducted within seconds via personal portable digital wallet exchange.

     This new economic system also could lead to the end bank interest rate system, as now the government or people can make profit from the gain of stock exchange transaction only. While tax collection could be directly integrated to any transaction conducted rather than personal/wealth tax collection. Personal tax collection could be no longer effective considering high rate of human mobility from one place to another.

      The new economic then will be able to reshape the new urban landscape from security and freedom of move in the city point of view. Because no real money, no one will try to get others property as the data on the integrated smart gadget will no longer have function and have value after removed from the original user.

     Therefore as the new city free from any street violence, it will make the city as a place where people want to be, together with other or live (in term of the city belong to the human being, and they can use it as long as they want, anytime and without any concern of their safety and comfort). This will make the city more have open space and free space to use for individual or group of people. The city could become their alternative place for work, and entertainment, thank to the integrated information and communication technology wave that cover up the whole city in form of wave bubble to help any quick wireless data transfer or exchange from one place to another place.