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Author Topic: The pandemic did push the world towards a more digital age.  (Read 1266 times)
adzino
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October 28, 2020, 02:19:27 PM
 #41

The e-commerce boom is just a trend,which was forced by the pandemic,but when the pandemic is over,that trend will also die slowly.
I'm not a big fan of e-commerce and I never was.I've never bought anything online and I probably never will.
Amazon,eBay and Walmart don't ship products to my country and Alibaba,DHgate,Wish,Banggood and all the Chinese e-commerce websites usually sell low quality products.
Being more "digital" than before has pros and cons. Everybody is so hyped up about the pros, but the cons will have an impact on our lives too.
The e-commerce boom is not just a trend. Before the pandemic almost one fourth of world population relied on making online purchases. I doubt when the pandemic is over the trend will die. It is hard to believe that you never depended on online purchasing. Either you are from a country where e-commerce isn't a thing and online technologies are underdeveloped or you just created a hate for online deliveries because of some bad experience. Just letting you know, e-commerce/online purchasing does not only mean buying things from Amazon or email, it also includes getting groceries delivered, ordering food or paying for anything.

Being more "digital" than before has pros and cons. Everybody is so hyped up about the pros, but the cons will have an impact on our lives too.
What hype are you talking about? The pros weigh much more than cons.

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October 28, 2020, 03:08:30 PM
 #42

Yes because our government they make sure we are safe. They introduce us that we can buy in online so that we can't go out and we are safe against to COVID-19. Right now in this situation we can pay bills trough online we can shop online we can buy food online so we prevent going out and exposed to very dangerous  word cause by this virus.

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October 28, 2020, 03:31:44 PM
 #43


Everything is going digital now even the classes of students. We use to just buy online classes from Udemy but this time its literally like a classroom put into the laptop where kids see each other and doing exams online.

I believe if you understand the OP's point of view correctly you'll get some idea on what he (judging from his username) is trying to say. There's no denying the pandemic did contribute to the ongoing widely adoption  of digital currency and not just the cryptocurrencies although that doesn't mean we weren't heading in that direction. It was just a matter of time before everything falls in place like it has just done.

The world is going digital, sooner or later fiat will become a thing of the past but that of bitcoin (cryptocurrencies) taking over is still far from becoming a reality instead digital currency operating similar to the fiat system that's been controlled by the government or a centralized body like what facebook's Libra project tried achieving will become a noom.

Already there are news of China working on a digital yuan, development like this will push other nation into developing theirs especially if that of china or any other country that does it first,  becomes a success.

The digital yuan and other country's digital currencies may really be a game-changer when it comes to making transactions. I use to think BTC will actually use locally using our wallets to buy items but now, it might just not be possible anymore because of these digital currencies.
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October 28, 2020, 03:42:35 PM
 #44

Yes because our government they make sure we are safe. They introduce us that we can buy in online so that we can't go out and we are safe against to COVID-19. Right now in this situation we can pay bills trough online we can shop online we can buy food online so we prevent going out and exposed to very dangerous  word cause by this virus.

its not the government that introduce online transacting but it was already a thing before covid arrived  but some governments can suggest thier people to transact online and avoid going in public to avoid getting infected or to avoid spreading if your the carier of the virus although there is still risk when we recieve our package online we need to dis infect them first before use to ensure the safety of our selves and our family .

its the technology that introduce people to get involved more in the online world but the virus did help push it .
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October 28, 2020, 05:34:40 PM
 #45

The pandemic did push the world towards a more digital age. There has been a change in consumer behavior and buying pattern. Most physical businesses and public businesses have been hit hard because of the strict government rules and regulations on public gatherings. People have been forced to reduce to the nearest minimum the time they spend in public places like shopping malls, supermarkets and also the amount of money they spend on non Essentials goods and services. People are more aware and now adapting to a new way of living (the digital way) one of which is “E-commerce”.
In a study conducted that I stumbled across; https://unctad.org/news/covid-19-has-changed-online-shopping-forever-survey-shows

It clearly shows that Companies and businesses that put E-commerce at the the forefront of their business are ready for the new digital age that is emerging from this pandemic, while those that operate with cryptocurrency in addition to e-commerce will have the ultimate edge over others. No wonder the already existing companies are incorporating bitcoin (cryptocurrency) related services to their already exiting services, for example PayPal. What a great time to be Bitcoin Enthusiast.
This is natural in my opinion, those that are in positions of power want to keep the way things are and governments which are easily influenced by those people are happy to oblige, however when a crisis hit us those type of considerations take a step back and people are more willing to accept the changes as they know the alternative is way worse.

Just to give an example, before this some of the oldest family members refused to use smartphones as they saw them in a bad light and since the pandemic started they have learned how to use them, they did not had a choice since everything went digital in a matter of months and now even they appreciate the convenience it gives to them.
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October 29, 2020, 03:22:37 AM
 #46

The pandemic plays a very encouraging role for people who are aware of this digital era which is increasingly advanced and full of hope for cryptocurrency to be increasingly known throughout the world of trade and investment, increasingly, it continues to grow and develop rapidly, everyone needs something valuable and has a selling value. average people are more attracted to cryptocurrencies for long-term investments.

But we are still far away from reality to see people will use cryptocurrency for their daily lives. Perhaps, in some countries, cryptocurrency has already been used for the transaction, not just trading or investment. However, in other countries, it still needs time before the government realizes the benefits of bitcoin.

We hope that more people can join the crypto world once they see that they can use bitcoin for investment.  The pandemic affects the crypto to invite people to know and learn crypto for more, so they can see that the crypto can be their solution in finance.

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October 29, 2020, 06:26:28 AM
 #47

If you look back now, you realize that pandemic force digital service adoption.
But I will not argue that all this covid-history has pushed the development of the market - if it were not for it, such changes would have been much slower and would have dragged on for another 3-5 years.
The main question is how strong the pullback will be after the end of the pandemic and whether we will see an even more rapid development of all digital directions due to the push that was given now.

This was going to happen sooner or later, but pandemic has just sort of made it compulsory or has opened the option of now going digital. This is good in a way because bitcoin will have an huge advantage in future and thus we are set for a very high demand in coming years as slowly technology will overtake and payments would be encourage digitally.


There is a rather subtle point here.  Even those who enjoy all the current advantages of the digital sphere are often not interested in cryptocurrencies, blockchain and all that and may now only basics  from the news digests from CNBC or somewhere else.
Going to Amazon's contactless stores and ordering tons of things with Ebay is NOT the SAME as being interested in digital crypto money
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October 29, 2020, 06:30:25 AM
 #48

If you look back now, you realize that pandemic force digital service adoption.
But I will not argue that all this covid-history has pushed the development of the market - if it were not for it, such changes would have been much slower and would have dragged on for another 3-5 years.
The main question is how strong the pullback will be after the end of the pandemic and whether we will see an even more rapid development of all digital directions due to the push that was given now.

This was going to happen sooner or later, but pandemic has just sort of made it compulsory or has opened the option of now going digital. This is good in a way because bitcoin will have an huge advantage in future and thus we are set for a very high demand in coming years as slowly technology will overtake and payments would be encourage digitally.


Although have great advantage but still I believe it will struggle since the bank are also adopting the digital scene and creates there own digital payment method just to adopt the current situation of the world and for sure people will select this since if we talk about money many will choose about security which bank can offer this since Bitcoin is much not good to be hold by unaware about the volatility since might they will get panic once the price dump.

First of all, people (not surprisingly) choose the convenience and speed of work. What makes people choose a rather slow (you can't deny it) BTC when they have a Visa/MasterCard with almost instant transfers/payments? You need at least some idea and understanding of what this or that tool is for in order to use it.
And such things do not interest ordinary people because they only need one thing - to make it work simply and quickly without having to go through unnecessary intermediate stages.
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October 29, 2020, 07:20:56 AM
 #49

Digital age comes with a lot of responsibilities as well, we have to realize that there is a lot of older generation that still has to live the life analog and that will cause them to have a lot of problem if we move too much towards digital, some of them can't even operate a mobile phone properly, and still live alone, so we can't really make things that digital that quickly.

Secondly digital means you are going to have everything digitalized, and that requires both very well safe keeping, security and also a great achieving as well, all those cloud files and servers needs to be maintained very well, any technical issue and you would be in big trouble. So, we will be a lot more digital soon but it will take a decade to be purely digital.

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October 29, 2020, 08:34:10 AM
 #50

Yes, I think that the world is heading towards the digital age, but not the crypto era, we must pay attention there is the difference of the digital world is a central world As for the crypto world it is decentralized and anonymous, it seems that the world is not ready yet for this, we have seen how Paypal accepted Bitcoin now but it is It does not allow its users to deposit or withdraw Bitcoin, nor does it allow them to have their privet keys, and this is central.
But let's hope that entering the digital world opens the door to the era of cryptocurrencies.


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October 29, 2020, 10:05:01 AM
 #51

Yes, I think that the world is heading towards the digital age, but not the crypto era, we must pay attention there is the difference of the digital world is a central world As for the crypto world it is decentralized and anonymous, it seems that the world is not ready yet for this, we have seen how Paypal accepted Bitcoin now but it is It does not allow its users to deposit or withdraw Bitcoin, nor does it allow them to have their privet keys, and this is central.
But let's hope that entering the digital world opens the door to the era of cryptocurrencies.

A very interesting topic!  
COVID-19 - 2020.  What will happen next?

2021 - 2029 is the time of reformatting the global financial system.  The main trend is the death of globalization.  We see that the world is becoming more and more fragmented.  

Trends for the next decade:

1) Digitalization.

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8 Genetic Engineering.  

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October 29, 2020, 10:31:33 AM
 #52

Exactly, a lot of companies put all of their resources into developing digital platforms for their clients that includes: Buy GYM subscription online, order food without cash directly from fast food without 3rd party delivery services, shop clothes, technics and other things online... Some companies were just centred on branches in stores and other places. During the pandemic, a lot of branches were closed because they were unable to pay for rent. Moving online requires some money at first but then becomes cheaper to keep operating. I hugely doubt companies will move from digital platforms to real life when the pandemic will end. So, digital is a new permanent place.

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cheezcarls
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October 29, 2020, 10:54:35 AM
 #53

That is correct mate. It’s all about perspective and how we can see things on a different way. Either we just give up or move our butts to try something that would make us survive financially during the pandemic (unfortunately not possible for the slums because they don’t have gadgets, internet access and limited electricity).

Here are some few takeaways that we’ve seen during the pandemic:

1. Physical conferences, conventions and summits are transitioning to virtual conferences, conventions and summits.
2. Physical classes are transitioning to blended learning or virtual classes.
3. Physical concerts are now transitioning to virtual concerts (like what BTS band did, and possibly BlackPink lol).
4. More and more physical shops adopting QR code and digital payments for buying goods and services.
5. Physical beauty pageants are now transitioning to virtual pageants (like the recent Miss Universe Philippines 2020).
6. Physical stores are now turning to making e-commerce websites to promote their products and services.
7. Logging in with your QR-code ID in public and private establishments for detailed contact tracing purpose.
8. Sports turning into bubble play (like the NBA and other major sporting events in the world) and making money from the virtual audience watching the games.
9. Companies reducing overhead expenses by letting their employees work from home.

And more to come! We are being forced to think outside of the box if we want to live in the new normal until an effective vaccine is released in public.
 
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October 29, 2020, 11:07:18 AM
 #54

Exactly, a lot of companies put all of their resources into developing digital platforms for their clients that includes: Buy GYM subscription online, order food without cash directly from fast food without 3rd party delivery services, shop clothes, technics and other things online... Some companies were just centred on branches in stores and other places. During the pandemic, a lot of branches were closed because they were unable to pay for rent. Moving online requires some money at first but then becomes cheaper to keep operating. I hugely doubt companies will move from digital platforms to real life when the pandemic will end. So, digital is a new permanent place.

I recently spoke with the CEO.  He said that the staff of our organization will not return to the office.  The lease with the landlord has been terminated.  A friend of mine works for a construction company (commercial real estate).  My friend says the organization is facing bankruptcy.  The modern world is a network of digital platforms.  The office is an anachronism.  The world has changed.  These changes are forever.

 
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October 29, 2020, 12:41:25 PM
 #55

For the title it is not pandemic that push the world to digital age but the world was already operating as digital age before covid-19. We are in the digital age already, the pandemic because one of its factors of prevention is to avoid physical contact which fiat was found to be contractor, therefore cryptocurrency became the safe heaven for use
Yes, we're already traversing the digital age even before the pandemic hits but it pushed us even more towards digitalization. Schools, for example, are already done through online with the help of different platforms. E-commerce also boomed and online sellers increased. Use of mobile wallet for payments also became a huge deal during this pandemic. Hopefully, as we gear more towards digitalization, more and more people would appreciate, patronize, and use crypto in their daily transactions. I know we're going there. Smiley

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October 29, 2020, 01:31:44 PM
 #56

The pandemic plays a very encouraging role for people who are aware of this digital era which is increasingly advanced and full of hope for cryptocurrency to be increasingly known throughout the world of trade and investment, increasingly, it continues to grow and develop rapidly, everyone needs something valuable and has a selling value. average people are more attracted to cryptocurrencies for long-term investments.
The using of  crypto has increased in the pandemic situation .Lots of people are doing there everything from home and its open the door for cryptocurrency .The world going to know more about this platform .As a result the market shows how much it has got its popularity .I think the next world will be crypto world.

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October 29, 2020, 01:32:35 PM
 #57

Yes there is close example of this from my biotech based company. Usually we had to spent huge amount of money to train our employees which is crowd of 5000 employees in one single location. You guys wont imagine but they always had lectures of 50-100 people in gathering and this is how they use to train them.

It was costly, we had to hire trainers, give lot of time, ask for everyone's availability. Get the seminar hall equipments ready with low budgets etc.

Now, the scenario is completely different here. The whole system is ran by Learning Management System (though old tech) but new for our company which is traditional biotech ! Everyone completes their assignment right from their desk at single one time investment by company.

So I agree. Moreover, there had been surveys throughout the organisation and this way of digital learning is far cheaper and easier.
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October 29, 2020, 03:06:11 PM
 #58

We are all stunned with what this pandemic has brought us. We didn't expect everything and every action of the government affect us all. We are all on our way to digital world but we are not fully equipped for that yet. It is a good thing that these establishments especially those who embrace cyrptocurrency, adapt quickly with this change. E-commerce is also a great help for those who want to stay in their own homes. Everything went difficult but this pandemic will soon be over and all will be back to normal.

Exactly.  Never in our wildest dream should we expect that we came across this life chaos. This world's craziness really brought us a lot of realizations in all aspects and saw the good and bad side of the leaders as we are continously fighting for survival. Indeed, several digital platforms and this blockchain industries is a big help to us amidst this crisis. Despite this strange time,  there are still a lot of opportunities to earn and be productive, through all this digitalization and highest technology.
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October 29, 2020, 03:08:02 PM
 #59

The pandemic has made investors more interested in Bitcoin. Investors in the US have increased interest in and their money invested in Bitcoin more.
Europe is also very supportive of Bitcoin as many corporations are investing in them.
In the face of a pandemic situation, the use of less cash makes the pandemic less contagious.

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October 29, 2020, 04:22:17 PM
 #60

The pandemic did push the world towards a more digital age. ..
Actually, before the pandemic, the digital age has been emerging and developing. However, not many people and parties are aware and concern about this term. They probably still do not have any idea about why should be digitalization. Sometimes, digital systems also are considered having lacks more than manual.
of course, it will depend on what kind of digitalization, what kind of utility, and also where it is.

However, after this pandemic, many more people are aware of something very usual but like new, it is about more digitalization. I think that it still has the chance to be more and more popular again by using the digital age

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