Standards for the New Economy (original) (raw)

Purpose/objectives: many of the products and services we use are designed and developed following International Standards like ISO (The International Organization for Standardization, ISO). Standards affect most of the global trade and represent a fundamental driving force for new technologies. Standards provide an adaptive and responsive approach to manage innovation in the new economy, for this reason, the creation and use of consistent standards, through the input of both the private sector and governments, is fundamental for the medium to the long-term sustainable development of the new economy. Design/methodology: in this paper, a qualitative analysis of standards developments in blockchain and in AI have been performed, focusing on the new economy paradigms. Possible practical implications: these initiatives will surely foster the development of two key technologies for the new economy, with practical implications in Industry 4.0 and the Internet of Things (IoT).