Ronit Ghose and Sophia Bantanidis, from Citi Global Insights discuss Citi’s upcoming Digital Money Symposium where we bring together the FinTech and Digital Assets ecosystem and why you should sign up now! For more information on the event click here. Register to join us on March 30th in London REGISTER: Citi's 10th Annual Digital Money Symposium Tweet us your thoughts at #CitiDigiMoney

<p><span style="font-size: 24px;">Ronit Ghose and Sophia Bantanidis, from Citi Global Insights discuss Citi&rsquo;s upcoming Digital Money Symposium where we bring together the FinTech and Digital Assets ecosystem and why you should sign up now!</span></p>
<p><span style="font-size: 24px;">For more information on the event <a href="https://www.citigroup.com/global/pe/citi-s-10th-annual-digital-money-symposium" data-link-source="tiny">click here.</a>&nbsp;</span></p>
<p><span style="font-size: 24px;">Register to join us on March 30<sup>th</sup> in London <a href="https://reg.citiglobalevents.com/oBQePZ" target="_blank" rel="noopener" data-link-source="tiny">REGISTER: Citi's 10th Annual Digital Money Symposium</a></span></p>
<p><span style="font-size: 24px;">Tweet us your thoughts at #CitiDigiMoney</span></p>

London on 30 March 2023

Ronit Ghose and Sophia Bantanidis, from Citi Global Insights discuss Citi’s upcoming Digital Money Symposium where we bring together the FinTech and Digital Assets ecosystem and why you should sign up now! 

10th Anniversary of Citi’s Digital Money Symposium

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As businesses become more digitally connected, their exposure to cyber threats increases. Managing these risks is a complex endeavor due to the rising costs of investment in equipment, software, and cyber talent. In this report, we focus on the causes and consequences of the increase in cyber skills demand. Our first chapter highlights the factors that have increased companies’ exposure to cyberattacks, as well as the costs associated with this exposure. We highlight two notable trends that have drastically changed the landscape and importance of cybersecurity. First, the impact of geopolitics and the emergence of cyberwarfare. Second, consumers’ rising attention toward the security of their personal data. In the second chapter, we discuss how global and regional labor markets fare in the face of steep competition for cybersecurity talent. Using information extracted from the profiles of the active cyber professional population, we measure the supply of cyber skills and examine the characteristics of cyber professionals. Our spatial analysis focuses on recruitment difficulties across states and cities. In our last chapter, we turn to regulation, business strategy, and governance. We discuss the importance of compliance and how failure to comply with regulation can substantially increase the cost of a cyberattack. We evaluate the costs and benefits of strict regulatory measures and explore alternative measures. We argue that cybersecurity is a public good and that firms should implement a resilient cybersecurity defense as their social responsibility. Cyberattack costs have started to bite: Apart from the direct costs, supply chain disruptions and reputational damage can be substantial. Cyberattack exposure risks and material costs have increased significantly in the healthcare industry. Geopolitical risks and the emergence of cyberwarfare have reached new levels, disrupting production networks and causing cross-border economic damage. Consumer attention toward privacy and personal data has peaked, magnifying the impact of reputational damage for firms impacted by security breaches. Asia is now the second largest market for cyber skills, surpassing Europe. Cyber skill demand rose significantly for many managerial positions. One-tenth of cyber job postings also require data privacy knowledge. The cyber workforce is relatively young — half of all cyber professionals have less than six years of experience. Excluding North America, cyber job openings take longer than other information technology (IT) positions to fill. Stringent data breach regulations, which emerged globally through a mix of better enforcement and heftier fines, make non-compliance a non-option. Data breach regulation can induce firms to increase investment in cyber skills, but it slows down business creation and increases exit rates.

<p>As businesses become more digitally connected, their exposure to cyber threats increases. Managing these risks is a complex endeavor due to the rising costs of investment in equipment, software, and cyber talent.</p>
<p>In this report, we focus on the causes and consequences of the increase in cyber skills demand. Our first chapter highlights the factors that have increased companies&rsquo; exposure to cyberattacks, as well as the costs associated with this exposure. We highlight two notable trends that have drastically changed the landscape and importance of cybersecurity. First, the impact of geopolitics and the emergence of cyberwarfare. Second, consumers&rsquo; rising attention toward the security of their personal data. In the second chapter, we discuss how global and regional labor markets fare in the face of steep competition for cybersecurity talent. Using information extracted from the profiles of the active cyber professional population, we measure the supply of cyber skills and examine the characteristics of cyber professionals. Our spatial analysis focuses on recruitment difficulties across states and cities. In our last chapter, we turn to regulation, business strategy, and governance. We discuss the importance of compliance and how failure to comply with regulation can substantially increase the cost of a cyberattack.</p>
<p>We evaluate the costs and benefits of strict regulatory measures and explore alternative measures. We argue that cybersecurity is a public good and that firms should implement a resilient cybersecurity defense as their social responsibility.</p>
<ul>
<li>Cyberattack costs have started to bite: Apart from the direct costs, supply chain disruptions and reputational damage can be substantial.</li>
<li>Cyberattack exposure risks and material costs have increased significantly in the healthcare industry.</li>
<li>Geopolitical risks and the emergence of cyberwarfare have reached new levels, disrupting production networks and causing cross-border economic damage.</li>
<li>Consumer attention toward privacy and personal data has peaked, magnifying the impact of reputational damage for firms impacted by security breaches.</li>
<li>Asia is now the second largest market for cyber skills, surpassing Europe.</li>
<li>Cyber skill demand rose significantly for many managerial positions. One-tenth of cyber job postings also require data privacy knowledge.</li>
<li>The cyber workforce is relatively young &mdash; half of all cyber professionals have less than six years of experience.</li>
<li>Excluding North America, cyber job openings take longer than other information technology (IT) positions to fill.</li>
<li>Stringent data breach regulations, which emerged globally through a mix of better enforcement and heftier fines, make non-compliance a non-option.</li>
<li>Data breach regulation can induce firms to increase investment in cyber skills, but it slows down business creation and increases exit rates.</li>
</ul>

The Cyber Problem <p>Cyberattacks are increasing &mdash; in number, complexity, and cost &mdash; driven by geopolitics and cyber warfare. By sector, there has been a distinct surge in cyber risk in the healthcare industry and cybersecurity is increasingly becoming a concern for firms globally.&nbsp;</p> 

<p>Cyberattacks are increasing &mdash; in number, complexity, and cost &mdash; driven by geopolitics and cyber warfare. By sector, there has been a distinct surge in cyber risk in the healthcare industry and cybersecurity is increasingly becoming a concern for firms globally.&nbsp;</p>

The Cyber Problem

Rise of Demand for Cyber Skills <p>Because businesses are increasing their digital footprints at the same time cyberattacks are increasing, the need for a workforce with digital skills is growing &mdash; both regionally and by industry.</p> 

<p>Because businesses are increasing their digital footprints at the same time cyberattacks are increasing, the need for a workforce with digital skills is growing &mdash; both regionally and by industry.</p>

Rise of Demand for Cyber Skills

Supply of Cyber Skills Not Meeting Demand <p>in the U.S., job listing data indicate there is rising demand for workers with cyber skills. In 2021, the aveage U.S. state saw 2.6 cyber job postings per cyber professional. In addition, compared to IT prefessionals, the age of the cyber-related workforce is relatively younger and job postings for cyber jobs are open for longer.</p> 

<p>in the U.S., job listing data indicate there is rising demand for workers with cyber skills. In 2021, the aveage U.S. state saw 2.6 cyber job postings per cyber professional. In addition, compared to IT prefessionals, the age of the cyber-related workforce is relatively younger and job postings for cyber jobs are open for longer.</p>

Supply of Cyber Skills Not Meeting Demand

Addressing the Market Failure in the Provision of Cybersecurity <p>Exposure to cyberattacks depends on a firms' own cyber resilience as well as that of its partners and suppliers. The optimal provision of this public good can be addressed by government intervention via regulations, or by encouraging firms to integrate cybersecurity as part of the corporate social responsilbilty agenday. Demand for cyber skills rapidly increase in industries highly exposed to enforcement.&nbsp;</p> 

<p>Exposure to cyberattacks depends on a firms' own cyber resilience as well as that of its partners and suppliers. The optimal provision of this public good can be addressed by government intervention via regulations, or by encouraging firms to integrate cybersecurity as part of the corporate social responsilbilty agenday. Demand for cyber skills rapidly increase in industries highly exposed to enforcement.&nbsp;</p>

Addressing the Market Failure in the Provision of Cybersecurity

As businesses become more digitally connected, their exposure to cyber threats increases. Managing these risks is a complex endeavor due to the rising costs of investment in equipment, software, and cyber talent. In this report, we focus on the causes and consequences of the increase in cyber skills demand. Our first chapter highlights the factors that have increased companies’ exposure to cyberattacks, as well as the costs associated with this exposure. We highlight two notable trends that have drastically changed the landscape and importance of cybersecurity. First, the impact of geopolitics and the emergence of cyberwarfare. Second, consumers’ rising attention toward the security of their personal data. In the second chapter, we discuss how global and regional labor markets fare in the face of steep competition for cybersecurity talent. Using information extracted from the profiles of the active cyber professional population, we measure the supply of cyber skills and examine the characteristics of cyber professionals. Our spatial analysis focuses on recruitment difficulties across states and cities. In our last chapter, we turn to regulation, business strategy, and governance. We discuss the importance of compliance and how failure to comply with regulation can substantially increase the cost of a cyberattack. We evaluate the costs and benefits of strict regulatory measures and explore alternative measures. We argue that cybersecurity is a public good and that firms should implement a resilient cybersecurity defense as their social responsibility. Cyberattack costs have started to bite: Apart from the direct costs, supply chain disruptions and reputational damage can be substantial. Cyberattack exposure risks and material costs have increased significantly in the healthcare industry. Geopolitical risks and the emergence of cyberwarfare have reached new levels, disrupting production networks and causing cross-border economic damage. Consumer attention toward privacy and personal data has peaked, magnifying the impact of reputational damage for firms impacted by security breaches. Asia is now the second largest market for cyber skills, surpassing Europe. Cyber skill demand rose significantly for many managerial positions. One-tenth of cyber job postings also require data privacy knowledge. The cyber workforce is relatively young — half of all cyber professionals have less than six years of experience. Excluding North America, cyber job openings take longer than other information technology (IT) positions to fill. Stringent data breach regulations, which emerged globally through a mix of better enforcement and heftier fines, make non-compliance a non-option. Data breach regulation can induce firms to increase investment in cyber skills, but it slows down business creation and increases exit rates. The Cyber Problem <p>Cyberattacks are increasing &mdash; in number, complexity, and cost &mdash; driven by geopolitics and cyber warfare. By sector, there has been a distinct surge in cyber risk in the healthcare industry and cybersecurity is increasingly becoming a concern for firms globally.&nbsp;</p>  Rise of Demand for Cyber Skills <p>Because businesses are increasing their digital footprints at the same time cyberattacks are increasing, the need for a workforce with digital skills is growing &mdash; both regionally and by industry.</p>  Supply of Cyber Skills Not Meeting Demand <p>in the U.S., job listing data indicate there is rising demand for workers with cyber skills. In 2021, the aveage U.S. state saw 2.6 cyber job postings per cyber professional. In addition, compared to IT prefessionals, the age of the cyber-related workforce is relatively younger and job postings for cyber jobs are open for longer.</p>  Addressing the Market Failure in the Provision of Cybersecurity <p>Exposure to cyberattacks depends on a firms' own cyber resilience as well as that of its partners and suppliers. The optimal provision of this public good can be addressed by government intervention via regulations, or by encouraging firms to integrate cybersecurity as part of the corporate social responsilbilty agenday. Demand for cyber skills rapidly increase in industries highly exposed to enforcement.&nbsp;</p> 

Causes and Consequences of the Rise in Cyber Skill Demand

As businesses become more digitally connected, their exposure to cyber threats increases. Managing these risks is a complex endeavor due to the rising costs of investment in equipment, software, and cyber talent. In this report, we focus on the causes and consequences of the increase in cyber skills demand.

Full Report

Executive Summary

Can you always spot disruptive innovation? When we hear the story of how the invention of the automobile hastened the demise of buggy whip companies, we often question why the disruptive potential of gas-powered cars wasn’t noticed. In the modern era, most people buying digital cameras in the 1990s would have scoffed at the idea that in a few years’ time, we would all be carrying around cameras in our mobile phones. The potential for tokenization via blockchain has been talked about as being transformative for the past few years but we are not quite at the point of mass adoption. Unlike automobiles or more recent innovations like ChatGPT or the Metaverse, blockchain is a back-end infrastructure technology without a prominent consumer interface, making it harder to visibly see how it could be innovative. But we believe we are approaching an inflection point, where the promised potential of blockchain will be realized and be measured in billions of users and trillions of dollars in value. Successful adoption will be when blockchain has a billion-plus users who do not even realize they are using the technology. This is likely to be driven by the adoption of central bank digital currencies (CBDCs) by large central banks as well as tokenized assets in gaming and blockchain-based payments on social media. By 2030, up to $5 trillion of CBDCs could be circulating in major economies in the world, half or which could be linked to distributed ledger technology. Tokenization of financial and real-work assets could be the killer use case driving blockchain breakthrough with tokenization expected to grow by a factor of 80x in private markets and reach up to almost $4 trillion in value by 2030. We first wrote about tokenization in the 2021 Citi GPS report Future of Money: CBDCs, Crypto, and 21st Century Cash. At the time, China was starting to pilot test its (CBDC) and other central banks were warming up to the idea of their own digital currencies. In recent months, central banks in multiple large countries have announced plans for CBDCs this decade, giving almost 2 billion people the opportunity to experiment with digital currency. To be successfully adopted into the mainstream, blockchain needs the help of technology enablers, including (1) decentralized digital identities, (2) zero-knowledge proofs, (3) Oracles, and (4) secure bridges. The legal plumbing also needs to be altered to enable smart legal contracts that will provide a whole new set of rails for global commerce and finance to run on. Regulatory considerations are also necessary to allow adoption and scalability without the hindering innovation. Although we think mass adoption could still be six to eight years away, momentum on adoption has positively shifted as governments, large institutions, and corporations have moved from investigating the benefits of tokenization to trials and proofs of concept.

<p><span style="font-size: 24px;">Can you always spot disruptive innovation? When we hear the story of how the invention of the automobile hastened the demise of buggy whip companies, we often question why the disruptive potential of gas-powered cars wasn&rsquo;t noticed. In the modern era, most people buying digital cameras in the 1990s would have scoffed at the idea that in a few years&rsquo; time, we would all be carrying around cameras in our mobile phones.</span></p>
<p>The potential for tokenization via blockchain has been talked about as being transformative for the past few years but we are not quite at the point of mass adoption. Unlike automobiles or more recent innovations like ChatGPT or the Metaverse, blockchain is a back-end infrastructure technology without a prominent consumer interface, making it harder to visibly see how it could be innovative.</p>
<p>But we believe we are approaching an inflection point, where the promised potential of blockchain will be realized and be measured in billions of users and trillions of dollars in value. Successful adoption will be when blockchain has a billion-plus users who do not even realize they are using the technology. This is likely to be driven by the adoption of central bank digital currencies (CBDCs) by large central banks as well as tokenized assets in gaming and blockchain-based payments on social media. By 2030, up to $5 trillion of CBDCs could be circulating in major economies in the world, half or which could be linked to distributed ledger technology. Tokenization of financial and real-work assets could be the killer use case driving blockchain breakthrough with tokenization expected to grow by a factor of 80x in private markets and reach up to almost $4 trillion in value by 2030.</p>
<p>We first wrote about tokenization in the 2021 Citi GPS report <a href="https://www.citigroup.com/global/insights/citigps/future-of-money" target="_blank" rel="noopener" data-link-source="tiny"><em>Future of Money: CBDCs, Crypto, and 21st Century Cash</em></a><em>. </em>At the time, China was starting to pilot test its (CBDC) and other central banks were warming up to the idea of their own digital currencies. In recent months, central banks in multiple large countries have announced plans for CBDCs this decade, giving almost 2 billion people the opportunity to experiment with digital currency.</p>
<p>To be successfully adopted into the mainstream, blockchain needs the help of technology enablers, including (1) decentralized digital identities, (2) zero-knowledge proofs, (3) Oracles, and (4) secure bridges. The legal plumbing also needs to be altered to enable smart legal contracts that will provide a whole new set of rails for global commerce and finance to run on. Regulatory considerations are also necessary to allow adoption and scalability without the hindering innovation.</p>
<p>Although we think mass adoption could still be six to eight years away, momentum on adoption has positively shifted as governments, large institutions, and corporations have moved from investigating the benefits of tokenization to trials and proofs of concept.</p>

Billions of Users <div>Blockchain user numbers will be boosted by daily activity. The success of blockchain adoption will be measured by when it is being used by a billion plus end users who do not even realize they are using the technology. Blockchain-based products can make a significant&nbsp;impact in terms of wide consumer adoption in digital currency, especially central bank digital currency (CBDCs), gaming, and social.</div>
<div>&nbsp;</div> 

<div>Blockchain user numbers will be boosted by daily activity. The success of blockchain adoption will be measured by when it is being used by a billion plus end users who do not even realize they are using the technology. Blockchain-based products can make a significant&nbsp;impact in terms of wide consumer adoption in digital currency, especially central bank digital currency (CBDCs), gaming, and social.</div>
<div>&nbsp;</div>

Billions of Users

Trillions in Value <div>Almost anything of value can be tokenized and tokenization of financial and real-world assets could be the &ldquo;killer use-case&rdquo;&nbsp;blockchain needs to drive a breakthrough. We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of&nbsp;distributed ledger technology (DLT)-based trade finance volumes by 2030.</div> 

<div>Almost anything of value can be tokenized and tokenization of financial and real-world assets could be the &ldquo;killer use-case&rdquo;&nbsp;blockchain needs to drive a breakthrough. We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of&nbsp;distributed ledger technology (DLT)-based trade finance volumes by 2030.</div>

Trillions in Value

Technology Enablers <div>Blockchain promises something that is in parts a replacement of a current functioning system and in parts new capabilities&nbsp;and operating models. From a technology specification perspective, blockchain needs to have transaction scale and throughput,&nbsp;strong guarantees of security, on-chain identity, privacy, Oracles, bridges, and good user experience.</div> 

<div>Blockchain promises something that is in parts a replacement of a current functioning system and in parts new capabilities&nbsp;and operating models. From a technology specification perspective, blockchain needs to have transaction scale and throughput,&nbsp;strong guarantees of security, on-chain identity, privacy, Oracles, bridges, and good user experience.</div>

Technology Enablers

Legal Enablers <div>Contract creation and execution can be a painful process, making it ripe for disruption. Technology-enabled smart&nbsp;legal contracts, are legally binding agreements with obligations performed automatically by a computer. They are&nbsp;dynamic, connect to outside data sources, and allow for human involvement where necessary.</div> 

<div>Contract creation and execution can be a painful process, making it ripe for disruption. Technology-enabled smart&nbsp;legal contracts, are legally binding agreements with obligations performed automatically by a computer. They are&nbsp;dynamic, connect to outside data sources, and allow for human involvement where necessary.</div>

Legal Enablers

Can you always spot disruptive innovation? When we hear the story of how the invention of the automobile hastened the demise of buggy whip companies, we often question why the disruptive potential of gas-powered cars wasn’t noticed. In the modern era, most people buying digital cameras in the 1990s would have scoffed at the idea that in a few years’ time, we would all be carrying around cameras in our mobile phones. The potential for tokenization via blockchain has been talked about as being transformative for the past few years but we are not quite at the point of mass adoption. Unlike automobiles or more recent innovations like ChatGPT or the Metaverse, blockchain is a back-end infrastructure technology without a prominent consumer interface, making it harder to visibly see how it could be innovative. But we believe we are approaching an inflection point, where the promised potential of blockchain will be realized and be measured in billions of users and trillions of dollars in value. Successful adoption will be when blockchain has a billion-plus users who do not even realize they are using the technology. This is likely to be driven by the adoption of central bank digital currencies (CBDCs) by large central banks as well as tokenized assets in gaming and blockchain-based payments on social media. By 2030, up to $5 trillion of CBDCs could be circulating in major economies in the world, half or which could be linked to distributed ledger technology. Tokenization of financial and real-work assets could be the killer use case driving blockchain breakthrough with tokenization expected to grow by a factor of 80x in private markets and reach up to almost $4 trillion in value by 2030. We first wrote about tokenization in the 2021 Citi GPS report Future of Money: CBDCs, Crypto, and 21st Century Cash. At the time, China was starting to pilot test its (CBDC) and other central banks were warming up to the idea of their own digital currencies. In recent months, central banks in multiple large countries have announced plans for CBDCs this decade, giving almost 2 billion people the opportunity to experiment with digital currency. To be successfully adopted into the mainstream, blockchain needs the help of technology enablers, including (1) decentralized digital identities, (2) zero-knowledge proofs, (3) Oracles, and (4) secure bridges. The legal plumbing also needs to be altered to enable smart legal contracts that will provide a whole new set of rails for global commerce and finance to run on. Regulatory considerations are also necessary to allow adoption and scalability without the hindering innovation. Although we think mass adoption could still be six to eight years away, momentum on adoption has positively shifted as governments, large institutions, and corporations have moved from investigating the benefits of tokenization to trials and proofs of concept. Billions of Users <div>Blockchain user numbers will be boosted by daily activity. The success of blockchain adoption will be measured by when it is being used by a billion plus end users who do not even realize they are using the technology. Blockchain-based products can make a significant&nbsp;impact in terms of wide consumer adoption in digital currency, especially central bank digital currency (CBDCs), gaming, and social.</div>
<div>&nbsp;</div>  Trillions in Value <div>Almost anything of value can be tokenized and tokenization of financial and real-world assets could be the &ldquo;killer use-case&rdquo;&nbsp;blockchain needs to drive a breakthrough. We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of&nbsp;distributed ledger technology (DLT)-based trade finance volumes by 2030.</div>  Technology Enablers <div>Blockchain promises something that is in parts a replacement of a current functioning system and in parts new capabilities&nbsp;and operating models. From a technology specification perspective, blockchain needs to have transaction scale and throughput,&nbsp;strong guarantees of security, on-chain identity, privacy, Oracles, bridges, and good user experience.</div>  Legal Enablers <div>Contract creation and execution can be a painful process, making it ripe for disruption. Technology-enabled smart&nbsp;legal contracts, are legally binding agreements with obligations performed automatically by a computer. They are&nbsp;dynamic, connect to outside data sources, and allow for human involvement where necessary.</div>   

Blockchain's Next Billion Users and Trillions in Value

Can you always spot disruptive innovation? When we hear the story of how the invention of the automobile hastened the demise of buggy whip companies, we often question why the disruptive potential of gas-powered cars wasn’t noticed.

Money, Tokens, and Games

Citi's 10th Annual Digital Money Symposium took place in London on 30 March 2023 - Click the image above to watch the video highlights! This flagship event brought together various practitioners in the FinTech and digital money ecosystem including thought-leaders, academics, corporates, policy makers and the rising stars of the FinTech world. See below for some interviews with the speakers and also the GPS reports that were launched at the event. For more information on the event, speakers or to watch replay of the panel sessions Click Here.

<p style="margin: 1em 0px; padding: 0px; border-width: 0px; font-stretch: inherit; font-size: 12px; line-height: inherit; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; vertical-align: baseline; background-color: #ffffff;"><span style="font-size: 24px;">Citi's 10th Annual Digital Money Symposium took place in London on 30 March 2023 - Click the image above to watch the video highlights!</span></p>
<p style="margin: 1em 0px; padding: 0px; border-width: 0px; font-stretch: inherit; font-size: 12px; line-height: inherit; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; vertical-align: baseline; background-color: #ffffff;"><span style="font-size: 24px;">This flagship event brought together various practitioners in the FinTech and digital money ecosystem including thought-leaders, academics, corporates, policy makers and the rising stars of the FinTech world.</span></p>
<p style="margin: 1em 0px; padding: 0px; border-width: 0px; font-stretch: inherit; font-size: 12px; line-height: inherit; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; vertical-align: baseline; background-color: #ffffff;"><span style="font-size: 24px;">See below for some interviews with the speakers and also the GPS reports that were launched at the event.&nbsp;</span></p>
<p style="margin: 1em 0px; padding: 0px; border-width: 0px; font-stretch: inherit; font-size: 12px; line-height: inherit; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; vertical-align: baseline; background-color: #ffffff;">&nbsp;</p>
<p style="margin: 1em 0px; padding: 0px; border-width: 0px; font-stretch: inherit; font-size: 12px; line-height: inherit; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; vertical-align: baseline; background-color: #ffffff;"><span style="font-size: 24px;">For more information on the event, speakers or to watch replay of the panel sessions <a href="https://www.citibank.com/icg/sa/digital_symposium/2023/index.html" data-link-source="tiny">Click Here</a>.</span></p>
<p style="margin: 1em 0px; padding: 0px; border-width: 0px; font-stretch: inherit; font-size: 12px; line-height: inherit; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; vertical-align: baseline; background-color: #ffffff;">&nbsp;</p>
<p style="margin: 1em 0px; padding: 0px; border-width: 0px; font-stretch: inherit; font-size: 12px; line-height: inherit; font-optical-sizing: inherit; font-kerning: inherit; font-feature-settings: inherit; font-variation-settings: inherit; vertical-align: baseline; background-color: #ffffff;">&nbsp;</p>

The internet and smartphones have changed content generation from a central model to one that's more distributed. This distributed model allows for more "niche" content to be produced, leading to a "creator economy." We find that net revenues to the creator are inversely related to the number of creators on a platform, making the creator economy highly concentrated. New tools and platforms utilizing Web 3.0 and AI could help creators increase their revenue.

The Creator Economy

10 Year Anniversary 

This flagship event bought together various practitioners in the FinTech and digital money ecosystem including thought-leaders, academics, corporates, policy makers and the rising stars of the FinTech world.

Citi's 10th Digital Money Symposium 2023

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10th Anniversary of Citi’s Digital Money Symposium

Citi's 10th Digital Money Symposium 2023

Money, Tokens, and Games

The Cyber Problem

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