digital world. they will be issued by our national bank and all transactions with this form of money will be carried out through it. for this, a separate electronic platform will appear under reliable protection. to use digital rubles, people will create electronic wallets and log in to them through the internet banking application on their gadgets. it does not matter which bank the user is a client of. all transactions with his digital rubles will be carried out on the national bank platform, and the money will fly directly from the payer, that you can transfer any part of your savings into digital rubles, to make paper money digital, you will need to put them on a card through an atm or a bank cash desk, that is, make them electronic, and then exchange them for digital and vice versa, to get digital rubles in your hands in paper form, you will need to convert them into electronic ones, that is, in the application , transfer them from a digital wallet to your card account. and then withdraw cash fr

this digital dollar would mirror physical cash, but in a digital form. it would take digital dollars -- instead of withdrawing physical dollars you could withdraw digital dollars on a smartphone. many thoughtful commentators are really concerned with the risks of such a digital dollar. including its impact on finder stability, energy consumption, payment models, i've seen come out of the dollar. i should inclination to look at what can go wrong with new innovation -- i share the inclination to look at what can go wrong with new innovation. i like to consider what can go right. a digital dollar might be money in health in commercial banks -- may be held in commercial banks. especially for under bank immunities. shifting digital dollars into bank accounts could make it easier to do so. digital walls provide on ramps to banking services. the greater ease in converting money to digital dollars will make people less ugly to do so in a panic. i know many -- will make people less likely to do so in a panic. the dollar uses less money -- energies in bitcoin. it

for digital equity. one, digital equity planning which each state and territory received formula based funding to develop a digital equity plan. second, the digital equity capacity program which was formula funding to states to be able to implement digital equity plans in the digital equity competitive grant program which is being run specifically by an tia and is open to a vast array of entities across the country and i am certain is woefully oversubscribed based on need. the broadband, equity, access deployment program includes the component of digital equity and we have to make sure those two plans, our deployment plan and plan for digital equity and inclusion activities are tied together. each state and territory are doing those in a way that most reflects what their internal needs are. it really boils down to making sure as several people have said this morning that once broadband infrastructure is in place so that they have access to the internet, they have the skills they need to use it, the techn

and that's how virtual fashion could bring the digital and the physical world together. digital models even compete with real models and influencers, top fashion labels are increasingly interested in working with these new stars. they look beautiful and can be booked for several jobs simultaneously. but they're not real people. digital models like shoe do, graham created in britain or no, nobody who hails from germany have been causing a stir in the fashion and influence are seen in the possibilities. are endless about that. i can portray her under water. i can have her dancing on a volcano. i can put her on a planet. that's what makes it so fascinating. in munich, based graphic designer yog zuba, created now new re the manga style avatar made her 1st public appearance in 2018 ford. zuba nunnery is more than just a digital model. he's given her a back story. she's 21 and lives in paris. you have to have a really struck a chord nori is currently your most successful virtual model on instagram fashion power houses like versace, jerry moo glare, or tommy hilfiger have booked her for ad ca

the find what digital currency is. is that it coin, what exactly is digital currency? -- is that bitcoin? what exactly is digital currency? guest: a digital currency backed by the simple -- by the central bank. that is the same as a dollar or nickel or quarter. the things you have in your pocket. the 20's, 100s, exact same. if they get a system in place, you will be able to use it to buy things at the grocery store, to shop online, to do all the things that you do. that is very different from bitcoin, cryptocurrencies that people conflate with digital currencies. digital currencies, it's an umbrella term. sandals are shoes, but all shoes aren't sandals. is very important to point out that most people don't use crypto for currency as in buying and selling. they use it more as an asset. those are digital currencies because they do have exchange value. people do pay for things with digital currency. mostly with the dark web. one dollar on a piece of paper. that would be a piece of paper note. i want that. i will pay a dollar for that. even the value might start to increas

why we need digital twins? i will topic on shift today. ah, shoot in a digital twin is a vessel copy of a physical object, and it's programmed to behave realistically. for example, a cars performance could be tested on a virtual road without having to build the vehicle. first, bush of copies of factories could even be used to optimize work flows of the all planning and testing in the virtual world saves an enormous amount of money. resources in time, disney winds are being used in the growing number of applications. they could even make nuclear power plant safer. a cyber attack on a nuclear power plant. a horse scenario, conflicts between russia and nato surrounding the war and ukraine have renewed fears of this threat. based on api i information news agencies have reported that russian hackers have been scanning power plants for weak spots for years. scientists at the idaho national laboratory are therefore testing the 1st ever digital twin of a mini reactor. it can spot irregularities in the reactor immediately. the twins are living virt

in digital exports.l economy is an important part of our trade infrastructure and the united states must remain the leader when writing the rules of the road for the future of digital trade. the expansion of digital trade and the digital economy is accompanied international discussion around taxing revenue profits by corporations while the organization for economic development oecd continues work to reach consensus on an inclusive digital services tax framework. individual countries have put in place unilateral measures to protect their tax base. like many of my colleagues on this committee as we've discussed today, i am concerned about canada's decision to move forward be the digit aalal services tax that unfairly measures american companies. i applaud the biden administration for standing up for american businesses and initiating consultations with canada through the dispute settlement chapter in the u.s.-mexico-canada agreement and i hope that we can continue working together on this important issue.

the digital world.national bank and all transactions with this form of money will take place through it. for this purpose there will be a separate electronic platform under reliable security. to use digital rubles, people will create electronic wallets and log into them through the internet banking application in their gadgets. it does not matter which bank the user is a client of. all transactions with its digital rubles will take place on the national bank platform, and the money will fly directly from the payer to the recipient. now banks pass them through their correspondent accounts and charge a commission for this. it is assumed that it will be possible to convert any part of your savings, in order to make paper money digital, you will need to put it on a card through an atm or cash desk at a bank, that is, make it electronic, and then exchange it for digital and vice versa, in order to receive digital rubles in your hands in paper form, you will need to convert them into electronic , that is, in

balance between physical and digital and digital borrowing of digital materials is dropping. so do we. does mean that the demand is no longer there? i don't think so. i believe that libraries just don't have the budgets support the demand anymore. that's interesting. i want to just jump right in and drill down on all that a little bit, too. you know, digital lending has been growing quite a bit over the last decade. right. but it hasn't been a straight line, but it's been going up. what i wonder is like the pandemic was a huge curveball. obviously, we all got sort of forced into this experiment with digital content people who didn't read before suddenly had to they didn't really have a choice. libraries and bookstores were closed. i guess the question that i would follow up with is you what have we learned about what patrons want from the library how they use digital? are there any special insights that you gain during the pandemic pandemic that you are going to hold? are there any that it's that all just too way too early to know? this was an extraordinary circumstance. are

digital assets. astonishing amounts of energy are currently being used to mine certain digital assets. when those sources of energy are fossil fuels, digital assets threaten our progress in fighting the climate crisis. the carbon footprint of this technology must be addressed. digital assets may have been designed to democraticize the transfer of money, but that does not mean they should operate without rules. history has shown us time and again that this is a mistake. the good news -- regulation and innovation are not mutually exclusive. if they were, our financial markets would not be the strongest in the world. but we can afford the wait until the next crisis. congress must work with regulators and the biden administration to design a framework that protects consumers and our environment and keeps our markets fair, transparent, and competitive. the cftc will play a key role if that effort. it currently reg latsz digital asset derivatives and polices fraud in the spot market. i look forward to hear

and even better way to do that is with a plant digital twin. that way there's no need for actual food production or arable land. one of the superpowers that the digital twin provides, the engineering community, is to be able to look into the future. and we can now ask questions about this physical object that is in physical yet to determine if it's going to meet the expectations that we have. and that's quite incredible. this knowledge could help 5 starvation in the world. and the examples we've just seen showed that digital twins are helpful in finding solutions to humanities, most pressing challenges. how does flying affect the climate? how can we protect nuclear power plants from cyber attacks? how can we produce more sustainably? digital twins are the perfect testing ground for all these questions. i'm really excited to see what new insights we will gain from our digital earth. how about you? which digital twin would you be interested in? let us know on youtube or on d. w dot com. good bye, and soon, ah, help with into the conflict with seb

but in many other research areas in industries, digital twins are already indispensable to day. digital twins are far from being a vision for the distant future. for some businesses, they are essential, like the company unlimited to morrow, it specializes in 3 d printed prosthesis process. these is used to be extremely expensive, especially for children who need new ones as they grow. but now they as a solution, check this out together with his team engineer easton, la chappelle from colorado, designs individual arm prostheses in order to keep this process as simple and affordable as possible. they use software that creates a digital twin for each customer's individual prosthesis. or model relies on sunday and 3 d scanners to our users for a family member or friend would scan the residual them. we collect that 3 d data and geometry and, and start creating sockets. socket is how the device attaches to the person as really merging man a machine. it's not only an attachment mechanism to a human body, but as lined with muscle sensors. so a child out of the box after 10 or 15 minutes of trai

coming up next shift living in the digital age looks at how workers are fighting back against digital surveillance all that more coming up thank you so much for watching i think i want. is for me. is for you. is for health. beethoven is for. is for the. beethoven is for. beethoven is for. beethoven 202250th anniversary here on. a drop off in an hour i bet a hari algorithms organize my work days and write my performance what does that mean for me digital control when apps tell you how to do your job our topic today on shimmed. brave new digital workspace normal fixed hours working from the comfort of home and everything you need at your fingertips through your smartphone visualization has already greatly shaped the workforce especially in the service industry nearly half of the employees worldwide work in this sector in germany they make up 3 quarters what is it like to receive assignments from i phone we asked a by korea. exercising. receiving job requests by phone meeting friends and getting paid for it all but the life of a by korea may not be quite as great as companies would like

but we're dealing with a kind of digital early capitalism it's as if new digital factories were popping up there's no regulation so we need a process involving labor struggles and they're already happening for. example google employees are trying to organize in unions they say the company has been blocking them and some even reports having been sacked. but the company denies this. i actually recognize many developments in this digital platform economy that we know from the history of the workers movement as of course the over drivers today are organized very differently than in facebook groups and they call wildcat strikes kind of post-modern union movement and i think that's a positive development or i definitely welcome it. so there's still hope but many of these checks and balances already part of labor law at least in germany the large into that corporations are not too happy about them before tech giants. facebook and amazon or operate worldwide and set themselves above national regulation in most countries they can avoid taxes and use the monopolies to their advantage national day

they understood the digital technology, they comprehended that if they hacked into that digital technologyand used it to further their businesses, they could expand their media businesses worldwide. and that's exactly what they did and built the businesses into multimillion dollar media empires that are top of the food chain today such as we talk about google and apple, and by the way, those companies are valued in the public stock market much more higherly, but when it comes to the media business -- >> host: when you talk about liberty media, john malone, you write, trying to follow ever changing composition of stocks and acquisitions will make anyone's heads spin. >> guest: that's very true. he's a brilliant guy. he was a ph.d in operations science, i believe, in hopkins. in addition to all that, he's a financial engineer and he probably even make the wall street financial engineer's head spin. he's so many steps ahead of the game in terms of what to do with those assets and how to continue building value. so today you have liberty global, which is the biggest cable operator by far out o

it electronic, and then exchange it to digital and vice versa, in order to receive digital rubles ineed to transfer them to electronic ones, that is , transfer your card account from a digital wallet to the application, and then withdraw cash from an atm, i saw all... questions about that , what will be the exchange rate for the digital ruble, one to one, and digital and electronic and paper money are the same currency, the belarusian ruble. digital rubles will differ from money on cards in that each of them will be stitched with a unique electronic code, like banknotes marked with numbers, but in the digital ruble there is no physical bill, there is only its code, this is an innovation, if the money on the card is a record: banks about who owes whom, how much in the physical world, then digital money is a new form of those same receipts about the existence of food supplies and goods that were once exchanged by merchants, and then they were turned into paper money, these receipts will simply be encrypted into codes, but the main difference between digital rubles and electronic ones i

w. news that stay tuned for shift to living in the digital age, which asks if digital twins can make nuclear power plants safer? i'm hearing, i haven't seen all the back at the top of the hour with another news update for you . in the meantime, you can always get lost, where news and information on our website. that's d, w dot com for me and the entire news team in berlin. thanks for the company. sometimes a seed is all you need to allow the big ideas to grow. we're bringing environmental conservation to life with learning pass like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for free. t w's crime fighters are back with africa's most successful radio drama series continues for them. all episodes are available online and of course you can share. and this goes on d, w, africa's facebook page and other social media platforms, crime fighters, tune in. now imagine there was a butcher replica of our earth and we could use it to test al

central bank digital currency that we termed the digital dollar. i commend this committee for considering the challenges, including the potential for greater access, conclusion and betterment of the financial system. 12 months ago we proposed an instrument issued by the federal reserve, distributed through the two-tiered banking system and operating alongside digital currency and commercial bank money. the digital dollar would remain many of the properties of physical cash in a digital form. instead of withdrawing dollars, you can withdraw digital dollars into a digital wallet. you can spend digital dollars directly, peer-to-peer. many thoughtful commentators are rightly concerned with the risks of such a digital dollar, including its impact on financial stability, energy consumption, economic privacy, and reserve currency status of the dollar. as a chief regulator, i share the resignation. however, as a thought experiment, i would also want you to consider what can go right. a digital dollar might increase money held by commercial banks. what if t

in digital asset markets. given the increasing size and scope of the market for digital assets, many of can which are commodities, we are looking to the cftc to advise us on how to best protect consumers and markets. so i look forward to getting your perspective, mr. chairman, on the benefits and risks prevented by these emerging technologies and the role the commission and regulating this market. so i will turn it over to you for opening comments and then we'll look forward to questions. >> good morning. i'm honored to appear before you today for the first time as chairman of the commodity futures trading commission. i appreciate the opportunity to share my views on digital assets and look forward to working with this committee as we collectively address the many issues relating to this emerging technology. for over a century, the derivatives markets have played an integral role in the economy facilitying risk management and price discovery and contributing to financial stability and predictability of prices

i think the digital asset definition is any asset that is digitized. we take a subset of the different classifications, you have to put aside all the central bank currencies, that is another category. you've got your tokenized physicals things as i like to call them, when you tokenized or digitize real estate or gold, or actual physicals things, that is its own subcategory and they have their own demarcation depending on what physicals things they are. some of the rest could probably fall under the commodities bucket, and that's where it gets complicated. i can't give an exact percentage, but i would start classifying things into sub buckets, and then we can parse out how much of that is actually commodities. mr. bankman-fried: by volume or market cap, the vast majority is commodities. i think some of them are unclear and have some properties of a number of different asset classes and don't fit into any bucket. you will get a number of tokens. ms. boring: i agree with mr. beckman. ankman-fried, if you go by market cap, bitcoin and ether composed 60% of

in the 7th program, the digital economy is addressed.was the position of the ministry of communications. now, the program development program is problem-oriented and highlights the priorities. now the program is not actually implemented, but in the form of this program, see the article in paragraph jim, it is required to comply with the national data and information management law in order to provide an image of innovation based on data services and take actions. well, this issue is very important, but in fact, what is seen in the seventh program for the development of the kurdish sector and the necessary infrastructure of imam ali bassem will be effective, because for the first time that the program has been brought up, the issue has been taken into account and in line with the movements of the two it was done last year because we are far from the world, it is not considered a very serious advantage. now in the field of digital economy, i can easily say that we have a symbolic year to enjoy the benefits of the market sector and the serv

is this what our digital selves might look like in the future? today, there are already labels that offer fashion for our digital identities. the clothes are tailored fit, an individual's body, but without using any resources. brands like all of our are already selling digital hoodies for 40 euros science, tech, fashion house or ho balls created this feather dress and diamond necklace. at the 2021 london fashion week. the designers presented their 1st digital ready to where collection is, is still very much in his infancy. i think it's mindset shift that has happened. amber, j slow tens, goal to have digitally dressed at least 10000000 people 520253 d design, artificial intelligence and augmented reality have allowed the world of fashion to shift from the physical to the digital world. many famous brands are already starting to show their physically existing clothing and digital realm. italian high and labeled gucci presents designs and a game setting including the popular video game, the simps ms. omar jealous, winter collection was presented in

for most consumers, payments are digital. the movement of cash between banks is digital. we see in a private sector the payment system working well. we see the fed system is expected to go live in 2023. what are the differences here from the alternatives and why the fed would need to have a cbdc? vice chair brainard: three reasons i cited earlier. declining use of cash, potentially consumers no longer having direct access to a safe central bank issued digital currency. that is one significant risk. second significant risk is stable coin become the dominant form of u.s. digital dollar. should i continue? and in that world, you can have a fragmentation of the payment system, instability of those digital currencies. the kind of instability -- chose to move away from 100 years ago. >> madam chair, thank you for this. i think this is the reason why we need to have a well regulated stable coin. >> mr. cleaver who is also the chair of the subcommittee on housing, community development is recognized for five minutes. >> thank you, madam chair. vice chair, thank you for being with

that edge, they save all information on the construction in a digital data back there, the digital twin, which is related to the material use in the building we've as he stored all that information. so that an owner, when selling the building to another owner, would have all this information so that if the building is dismantled at some point, we can easily find all the information of what could be reused. and where could it be result that material gets in your life. wow. and it all looks great too. by now the, i didn't twins of cars, buildings, factories, nuclear power plants and entire planets. but there are also the little things in life, thanks to sensors and computerized ventilation and irrigation systems. smart greenhouse is create high deal growing conditions for plants. the soil, air and lighting can be identical everywhere around the world. new data is constantly being collected. only having this set of data doesn't mean anything. you have to transfer that data into information, actionable insights, but to really understand how a plan growth was all the physiology in it. and re

busy earth now has a twin, a digital twin. it's currently being developed a new f tech company and videos virtual reality omnivorous in video simulation platform. if used to study galactic winds or predict how hurricanes develop the simulations. we're going to scale of 10 to 100 kilometers, which does not cover the full spectrum of global environmental issues. more data is needed to make predictions on global climate. based on the ai supercomputer, cambridge to earth to is the software behind earth digital twin blue . it might be the 1st to have sufficient computing power to simulate global weather and to accurately copy our earth to a meter lou, it makes predictions $4.00 to $5.00 orders of magnitude faster. what takes a classical numerical simulation a year. now takes minutes. oh, this new supercomputer is currently being fed data. soon the data streams will be connected nurse to could then make global weather predictions and help us understand which developments lead to increasingly devastating storms and trouts. the questi

library, diana zorich, and the director of the digitalization process, and the director of digital engagement at the national archives and records administration, carrie villard is over here, we have worked closely with her and her group she is associate director and museum collections at the national trust for historic preservation, and abigail potter who is the senior specialist at the library of congress. and please enjoy this. this is an opportunity to hear more about your difference and similar approaches to digitalization, how these can transform outreach efforts, result in far-reaching engagement, ultimately supporting all of our goals, making the white house and presidential history accessible, far and wide please join me in welcoming everybody. >> thank you very much everyone for coming, and, i will just take the chair. it will be nice. we will all be at the same level, hello, thank you very much we're here to talk about digitalization. and, it can take a lot of directions. certainly we can do a deep dive in technology and talk about all of the cool things that can be done, in the di

digital credit apps in india.happening because those digital credit apps were outside the regulatory band of the reserve bank of india. there were all sorts of difficult behaviour that was happening like those companies that offered digital credit would be able to access customers, contact books, and in order to be paid back, they would start to blackmail the borrower by saying that they were going to go to their contacts and tell them how they're not paying back loans now. since then, the reserve bank of india has taken steps to bring those companies under supervision. and it's helped a great deal. finally, daryl, and i'm asking all my guests, this, is cash dead? well, mark, i think that cash is on its way to being dead. and i think certainly in the developing world, we're increasingly wanting it to be dead. we think on the whole that digital transactions help low income people have money that's, uh, convenient and be able to make digital transactions in their own time and safely. and in many ways, it helps manag