White Paper on the Intelligently Interconnected Digital Economy

Throughout the world, the innovative development of IoT intelligent technologies is setting off social and economic changes, like a big tide of revolution. This is what we define as a great revolution, which will accelerate the process of changes unseen in a century and lead to a new round of social and economic changes. Although we are encountering many uncertainties caused by geopolitics and conservative forces, the historical wheel of the intelligently interconnected digital economy that promotes the progress and development of human economy and society is rolling forward and unstoppable. Major and powerful countries in the world have successively formulated action plans for the Internet of Things digital economy. Enterprises and scientific research institutions involved in such digital economy have sprung up like mushroom. They are actively exploring experiments and ways of innovative development, seizing high ground, and sharing the global one-hundred-trillion super cake.

As a non-governmental international organization focusing on the internet of things digital economy, the World Internet of Things Convention has registered its entity information in the database of the United Nations ECOSOC.  In order to provide guidance for the upgrading of digital economy, support governments and enterprises around the world in their development strategy of digital economy and deliver benefits to people in terms of smart life, we have complied this white paper based on ten years of investigation and research, in line with the spirits of the Summit of the Future, Global Digital Cooperation and Sustainable Development Goals and by proceeding from world economic and social development and adopting a global vision and perspective. The White Paper on the Intelligently Interconnected Digital Economy was officially released at the World Internet of Things Convention 2024, which was successfully held on November 3, 2024 in Beijing. It relates to the thought of internet of things representing the fourth revolution and encapsulates the theoretical foundation of wisdom revolution, the intelligently interconnected digital economy model and the solution of building the intelligently interconnected global market. It aims to call for efforts to work together to build the global market of such digital economy, support the building of a community of shared future for mankind and help as we can to contribute to the Sustainable Development Goals.

The White Paper is written with the aim of play a guiding role in promoting the development and progress of human society and working with stakeholders to build the intelligently interconnected global market of digital economy. It is also a global solution to building a community of shared future for mankind. In addition, the white paper sums up such ideas as transition of internet to the internet of things, the upgrading of IoT development through the transition of a fully connected pattern to an intelligently interconnected model and the upgrading direction of traditional economy to an advanced digital economy and its development path, all of which are of importance to the change of human society from information revolution to smart or wisdom revolution. It can possibly provide a reference for the strategy of IoT development among countries and the transition of global enterprises to an intelligently interconnected digital economy path.

The White Paper explains the direction and theoretical foundation of innovative development of the intelligently interconnected digital economy supported by the internet of things and includes the cognition and definition of the intelligently interconnected digital economy, the model of advanced digital economy, the building of the intelligently interconnected global market of digital economy as well as the formulation of standards of such kind of economy and the path of its sustainable development. It gives us a brief introduction of a 17-sector industrial ecosystem related to the above-mentioned digital economy, which is made up of industry, agriculture, energy, logistics and warehousing, artificial intelligence, finance and insurance, smart cities, public life, healthcare, transportation and intelligent connected vehicles, military technology, education and tourism, public administration, aerospace, and environmental protection, etc. All these sectors contribute to our thoughts and explorations of application of an intelligently interconnected global market of digital economy worth a hundred trillion or hundreds of trillions.

The principal author is Mr. He Xuming, the Founder and Executive Chairman of WIOTC. Insights in this White Paper also come from academicians such as Mr. Li Bohu, Mr. Mei Hong, and Mr. Wu Hequan, and experts from international organizations, as well as the Advisory Committee, the Presidium, and the Secretariat of WIOTC.

We warmly welcome government agencies, international organizations, enterprises, and scholars worldwide to join us to revise and update this White Paper. We are also delighted to see feedbacks on more advanced perspectives regarding the intelligently interconnected digital economy and suggestions for sustainable development. Additionally, we encourage government agencies around the world to apply for joining the Presidium of the World Internet of Things Convention and collaborate with us for formulating an international “convention” on the intelligently interconnected digital economy, thus delivering benefits to the people in terms of smart life and work in the world.

We invite enterprises to join our industry-specific commissions related to digital economy in order to build a global market system for the industrial and supply chains of intelligently interconnected digital economy and establish a global market in this field. Let’s usher in a new era of smart or wisdom revolution for mankind!