Web3, metadata warehouse and digital assets emerging technological trends that revolutionized the world. The possibilities they offer in the post-pandemic economic and social context and in constant change at the geopolitical level are endless. These are some of the keys to Mastercard Innovation Forum 2022, Mastercard’s flagship event this Thursday at Gran Teatro Príncipe Pío.
In the words of Paloma Real, managing director of Mastercard Spain, “MIF is the annual event we celebrate. to encourage innovation and digital transformation. We bring our professionals, customers and collaborators together with world-renowned experts to inspire us, learn about the latest technological trends and work based on this knowledge. This year’s theme is “Together Tomorrow” reflects that very well.”
Job disruption: accelerated digitization and the rise of startups
Salim Ismail, bestselling author of Exponential Organizations and founder of Singularity University, Open ExO and Exo Works, gave his presentation at i.The impact of innovation in the business sector and how organizations can leverage these disruptions to increase revenue. According to the expert, “organizations that use the latest technology and properly combine their internal and external advantages are growing ten times faster than the competition.”
Digital transformation VS green transformation
Sustainability played a leading role throughout the event, where numerous references were made, especially in relation to Web3 and innovation.
Satvik Sethi, NFT product manager and prominent social impact activist on Mastercard’s global Blockchain and Digital Assets team, explained how it’s done. It is possible to have a positive impact on the environment with Web3 technology, details the different possibilities it offers for creating change. Through the NFTs Reli3f project, the expert said, “we raised $1 million in just half an hour to benefit the victims of the war in Ukraine. Web3 and NFTs are tools with great potential to make a positive contribution to society and the environment”.
Metaverse is a turning point in the world as we know it.
Known as the “godmother of metadata,” Cathy Hackl revealed this Thursday to those presenting the metaverse’s real applications, uses for companies and users, and how it will change the world as we know it. Hackl, a world-renowned technology futurist and senior business executive, says: “Due to the future rise of the Metaverse, companies will have to adapt to the new demands of consumers who want to enjoy new virtual experiences like concerts, shopping or new video games.”.
Spanish economy in a post-pandemic world
Two years after the outbreak of the epidemic, we are experiencing an unprecedented economic context. 2022 has been the year of return to normal, but everything shows that it will be the sign of a real recovery from the economic crisis that Kovid-19 brought to our country. development of the service industry, especially for travel and accommodation.
Natalia Lechmanova, senior economist at the Mastercard Institute of Economics, has shown that tourists spend big during important dates or events such as Pride or Easter celebrated in Madrid, which have a very positive impact on the city’s economy.
Payments of the future will be with digital currencies
Stephen Ryan, COO of CipherTrace; Juan Pablo Vivas, Senior Vice President and Global Customer Leader Spring by Citi; and Javier Pastor Moreno, Bit2me Communications and Corporate Education spokesperson, They underlined the importance of companies like Mastercard and regulating crypto assets at a time of boom. is committed to making its use safer, simpler and more agile. The three experts highlighted that despite the risks that digital currency transactions currently entail, there is much more opportunity for consumers to pay and for banks to generate income.
Focus on tourism: new business models
Another of the key points of MIF revolved around the Mastercard Tourism Innovation Center, headquartered in Madrid, but a global commitment of the company with the aim of serving as a global ecosystem for the transformation of the tourism industry. HUB president Quim Martínez commented that he is “working on the co-creation of solutions that allow the creation of sustainable, inclusive and innovative tourism worldwide.” for travel recovery after the pandemic and to reactivate the global economy”.
About MasterCard
Mastercard is a global technology company in the payments industry. Our mission is to connect and strengthen an inclusive and digital economy that benefits everyone, wherever they are, by making transactions safe, simple, smart and accessible. By using knowledge and secure networks, making deals and bringing passion to what we do, we ensure that our solutions and innovations help users, financial institutions, governments and businesses develop to their full potential. Our culture and everything we do inside and outside the company is driven by our decency (DQ). With our connections in more than 210 countries and regions, we are building a more sustainable world where everyone can take advantage of opportunities. priceless.