Unlocking the power of blockchain technology for explosive growth in growth markets

Top view of a night planet with glowing city lights
The evolution of digital infrastructure stands as a cornerstone for the burgeoning growth markets in the realm of technological sovereignty.

The recent media discussions surrounding the origins of semiconductor chips used in the Huawei Mate 60 Pro handset have intensified the global conversation about the need for technological sovereignty. This device represents a burgeoning symbol of the steadfast journey toward technological self-sufficiency. Amid economic uncertainty, there is an aspiration that these advanced hi-tech devices will spur domestic consumer consumption, highlighting the critical importance of national technological sovereignty in the modern era.

Digital infrastructure

The drive towards self-reliance in technology underscores the broader, global imperative for nations to develop robust digital and blockchain infrastructures, pivotal in enhancing security, innovation and economic resilience.

Technological sovereignty underscores the imperative for comprehensive control across three fundamental layers: the physical layer surrounding infrastructure and technology, the code layer covering standards, rules, and design, and the data layer relating to ownership, flows, and utilization. It aims to shield individuals by enhancing data protection, bolster the competitiveness of domestic enterprises through local content requirements or diverse industrial policy considerations, and safeguard strategic public interests.

Digital governance

In digital governance, especially data governance, escalating tensions are palpable. The critical question is who lays the foundation for the global digital economy’s basic infrastructure, extending even to third countries worldwide. Amid the concerted efforts by various economic, innovation and technology policies to establish economic sovereignty, the allure of technological sovereignty is intensifying.

This attraction parallels the exploitation of raw materials and the strategic positioning of economic actors in global production and value chains.

Technology sovereignty is intrinsically intertwined with innovation sovereignty, serving as a vital conduit to achieving the latter. Innovation sovereignty relies on achieving both short- and long-term economic objectives, necessitating the cultivation of local technological advancements.

The dual attainment of technology and innovation sovereignty is realized by creating pertinent scientific and technological knowledge. However, it’s crucial to acknowledge that such knowledge holds tangible economic impact only when supported by essential resources and preconditions, including a robust regulatory framework and substantial infrastructure.

Developing nations

Numerous developing nations grapple with the challenge of independently constructing digital hardware and software. The predominant advantage within the digital economy for these countries lies in adeptly harnessing available technologies to amplify output and productivity across agricultural and manufacturing value chains. Nevertheless, realizing this advantage necessitates tailored digital industrial policies that encourage local innovation and stimulate demand within the domestic private sector, considering the hurdles of absorptive capacity.

Digital infrastructure evolution is a cornerstone for the burgeoning growth markets in technological sovereignty. The advent of Web3 and blockchain technologies presents an opportunity in this endeavor. As decentralized and open-source platforms, they provide robust frameworks that can catalyze comprehensive development.

The technology’s inherent centralization emboldens the enhancement of regulatory frameworks, reinforcing information security and ensuring transparency via the secure dissemination of encrypted data within peer-to-peer networks. In the quest to optimize the manifold benefits of blockchain for surmounting developmental obstacles, the expeditious establishment of a supportive environment is crucial for developing nations.

This commitment includes meticulously crafting an organizational structure and augmenting digital infrastructure. Such an initiative is vital to unlocking blockchain’s economic prospects while navigating the potential risks within the digital economy.


Paul Lalovich
Paul Lalovich
Organizational Effectiveness and Strategy Execution Practice