EXPLORING THE EVOLVING DIGITAL FUTURE
From a technology perspective, the pace of technological progress and application is accelerating. Large-scale AI models, Web3, metaverse, blockchain, and AIoT are all playing a major role in this transformation. When we look at the business value chain, various links such as design, manufacturing, work collaboration, retail, and consumer decision-making are becoming more digitalized. With improved privacy protection regulations, data is increasingly becoming a new factor for development. From the perspective of production, social collaboration is becoming increasingly ecological and platform-based, and participatory economics is replacing shareholder economics. From the perspective of social value creation,while the digital revolution brings enormous opportunities to a society, it also brings new challenges and issues -- How can technology benefit more people? What ethics should technology adopt? How to better leverage digital technology to solve major environmental and sustainable development challenges?
Luohan Academy is committed to helping human society better embrace digital technology and improve social welfare. To this end, we held our 2023 Annual Digital Economy Conference at the West Lake State Guesthouse in Hangzhou, China from June 20 to 21, 2023. We invited the world's leading social scientists, digital economy practitioners, and policy makers to gather and allow for the interdisciplinary collision of theory and practice, to generate new consensus and insights on the world's most pressing issues.
Location
West Lake State Gesthouse, Hangzhou, China
Confenrence Agenda
June 20-21, 2023
Forum 1: Technology & future of human society (Video Links)
Moderator: Long Chen, President of Luohan Academy
09:00-09:50
Session 1: The origins and development of AI
· Thomas Sargent (Professor of Economics at NYU, 2011 Nobel Prize Laureate in Economics) - Promises and limits of machine learning
· Jieping Ye (Vice President of Alibaba Group; Head of City Brain Laboratory, Alibaba Damo Academy) - The development of AI: from large language models to ChatGPT
09:50-10:40
Session 2: Digitalization of work and coordination
· Erik Brynjolfsson (Director of Stanford Digital Economy Lab) - AI and the future of the labor market
· Jun ye (President of DingTalk) -Productivity revolution: AI reshaping work
10:40-11:00 Coffeee break
Session 3: Opportunities and challenges of AI:
· A discussion between Danial Zhang and Nobel Laureates
· Discussants: Daniel Zhang (Chairman and CEO of Alibaba Group), Christopher Pissarides(Professor at LSE, 2010 Nobel Prize Laureate in Economics), Eric Maskin(Professor of Economics at Harvard, 2007 Nobel Prize Laureate in Economics), Thomas Sargent (Professor of Economics at NYU, 2011 Nobel Prize Laureate in Economics)
Forum 2: The new stage of Fintech (Video Links)
Moderator: Wenlan Qian, Director of the NUS Institute of Real Estate and Urban Studies
Professor of Ng Teng Fong Chai Professor in Real Estate, National
University of Singapore
13:45-14:45
Session 1: The development of Fintech and its challenges
· Zhiguo He (Professor of Finance of U Chicago) - Open banking and its challenges
· Neng Wang ( Professor of Finance at Columbia University) - Platform and token economics
· Yi Huang (Professor of Finance at Fudan University) - Development of research in Fintech
14:45-15:05 Coffee break
15:05-16:35
Session 2: Ecosystemization of financial services
· Hao Huang (Senior Vice President of Ant Group) - Fintech solutions to the challenges in financial service
· Yiping Huang (Deputy Dean & Sinar Mas Chair Professor of Finance and Economics at National School of Development of Peking University) - Big tech and financial institutions
· Quan Yu (Vice President & Head of Risk Management, Ant Group) - Risk management in the era of big data
· Feng Xiao Chairman (Wanxiang Blockchain and HashKey Group) - Web3 and its applications in finance
16:35-17:39
Panel discssion: Shang-Jin Wei ( Professor of Finance, Columbia University), Hao Huang , Yiping Huang, Thomas Sargent (Professor of Economics at NYU, 2011 Nobel Prize Laureate in Economics), Neng Wang and Feng Xiao
Forum 3: Digital circular economy for sustainability and climate resilience (Video Links)
Moderators: Wei Liu, ESG Strategy Leader of Alibaba Group United Nations, World Adaptation Science Programme Science Committee member; Randy Xu, Sr. Research Expert, Luohan Academy
13:45-15:10
Session 1: Digitalization for the sustainability challenge
· Lars Peter Hansen (Remote) (Professor of Economics at U Chicago, 2013 Nobel Prize Laureate in Economics) - The climate challenge, uncertainty, and digitalization
· Shijin Liu (Vice Director of the National Committee of the CPPCC Economic Committee, Former Deputy Director of the Development Research Center of the State Council) - The twin transformations: digital and green
· Albert Park (Chief Economist of Asian Development Bank) - Digitalization for sustainable and resilient development
· Patrick Bolton (Professor of Finance and Economics at Imperial College London, Former President of American Finance Association) - Digital circular economy for net-zero
Discussion
15:10-15:25 Coffee break
15:25-16:55
Session 2: The digital circular economy - innovative solutions in practice
Moderator: Wei Liu (ESG Strategy Leader of Alibaba Group United Nations, World Adaptation Science Programme Science Committee member)
· Jun Ma (President of IFS) - Harmonizing and digitalizing standards for a greener world
· Yonggang Wen (Associate Dean of College of Engineering Nanyang Technological University) - AI and digital infrastructure for a sustainable future
· Peter Evans (Chief Strategy Officer of McFadyen Digital) - Spurring circular economies through digital platforms
· Ming Xu (Professor of School of Environment at Tsinghua) - Data space-enabled trustworthy carbon footprint for demand-side mitigation
· Wei Liu (ESG Strategy Leader of Alibaba Group United Nations, World Adaptation Science Programme Science Committee member) - Scaling innovation for decarbonization: theory to practice with Scope 3+
16:55-17:20
Panel Discussion:
Moderator: Randy Xu (Sr. Research Expert, Luohan Academy)
Discussant: Peter Evans, Yonggang Wen, Ming Xu and Wei Liu
17:20-17:30
Concluding remarks
Martin Reeves Chairman (BCG Henderson Institute)
Forum 4: Understanding data economy (Video Links)
Moderator: Ginger Zhe Jin (Neil Moskowitz Professor of Economics at University of Maryland)
09:00-10:05
Session 1: Developing the data economy
· Long Chen (President of Luohan Academy) - A new era of data economy: trusted data exchange as a fundamental infrastructure
· Ginger Zhe Jin (Neil Moskowitz Professor of Economics at University of Maryland) - Regulating the data economy: Whether, Why, and How
· Wei Xiong ( Professor of Finance of Princeton University) - Understanding consumers' data sharing choice
· Dirk Bergemann (Remote) (Professor of Economics at Yale University) - Data, competition and digital platforms
10:05-10:25 Coffee break
10:25-11:10
Session 2: The future of trusted data sharing
· Alessandro Acquisti (Professor of Information Technology and Public Policy at Carnegie Mellon University) - Privacy technologies and the economics of personal data
· Fuping Gao (Professor of Law School, East China University of Political Science and Law) - Feasible governance framework for data sharing: the configuration of data holder's rights and duties
· Xinyu Peng (Vice President of Alibaba Group and CEO of Lingyang) - Promote data value with technologies and businesses
11:10-11:50
Panel discussion
Alessandro Acquisti, Long Chen, Fuping Gao, Xinyu Peng, Wei Xiong
11:50-12:00
Concluding remarks
Bengt Holmström (Remote) (Professor of Economics at MIT, 2016 Nobel Prize Laureate in Economics)
Forum 5: The economy as complexity systems (Video Links)
Moderator: Hanming Fang (Joseph M. Cohen Term Professor of Economics at University of Pennsylvania)
09:00-09:20
Opening speech: Complex systems and their evolution amid informational revolution
Simon Levin (Remote) (Distinguished University Professor in Ecology and Evolutionary Biology Princeton University)
09:20-10:20
Session 1: Complexity economics in the digital era
· W. Brian Arthur (Remote) ( Professor of Economics of Santa Fe Institute) - Technological progress and complexity economics
· Stefan Thurner (President of Complexity Science Hub in Vienna, Professor of Complex Systems at Medical University of Vienna) - Rethinking economics with supply chain networks
· Yi-Cheng Zhang (Full Professor at University of Fribourg) - The key role of information in complexity economics
10:20-10:40 Coffee break
10:40-11:20
Session 2: Markets and management under complexity
· Martin Reeves (Chairman of BCG Henderson Institute) - Building a resilient organization
· Andrew Sheng (Former Chairman of Hong Kong Securities and Futures Commission, Distinguished Fellow, Asia Global Institute, The University of Hong Kong) - AI, big data to create smart omni villages
11:20-12:15
Panel discussion
Martin Reeves, Andrew Sheng, Stefan Thurner, Yi-Cheng Zhang, Eric Maskin (Nobel Prize Laureate in Economics
Professor of Economics at Harvard University), Simon Levin (Remote), W. Brian Arthur (Remote)
12:15-12:30
Concluding remarks
Eric Maskin (Nobel Prize Laureate in Economics Professor of Economics at Harvard Univerty)
Forum 6: Platform responsibility and the future of coordination (Video Links)
13:45-14:45
Session 1: Platform responsibility and regulatory solutions
· Marshall Van Alstyne (Professor of Information Systems of Boston University) - New framework to understand platform and platform responsibility - How to control harmful materials
· Jacques Crémer (Professor of Economics at Toulouse School of Economics) - Contestability and fairness: platform governance problem through the lens of the EU
· Geoffrey Parker (Professor of Engineering at Dartmouth College) - For the next stage of platform economy: challenges and future
14:45-15:00 Coffee break
15:00-15:45
Session 2：Panel discussion with business leaders: focus on service platforms
Moderator： Wenlan Qian (Director of the NUS Institute of Real Estate and Urban Studies, Professor of Ng Teng Fong Chai Professor in Real Estate at National University of Singapore)
Discussants： Liu Han (Senior Vice President of Ele.me, President of Fengniao Logistics), Bin Li (Founder and CEO of Home King), Xiaohua Chen (Founder and CEO of Swan Daojia)
15:45-16:30
Session 3：Panel discussion with business leaders
Moderator：Ginger Zhe Jin (Professor of Economics at University of Maryland)
Discussants：Jun Xu (Vice President of Alibaba International Digital Commerce Group), Evan (Sheng) Guo (CEO of Zhaopin.com), Jeongmin Seong (Partner of McKinsey Global Institute)
16:30-18:00
Check-out session
All conference attendees are invited to participate in the discussion
