IEEE Technology and Society Magazine - December 2020 - 14

INTERVIEW

Kristina Milanovic

eoffrey Goodell is
currently a Senior
Research Associate
in Computer Science
at University College
London (UCL). He studied mathematics at M.I.T., before completing
his Ph.D. at Harvard University in
computer science where his focus
was on decentralized systems and
Internet governance. Prior to his
position at UCL he was an entrepreneur and portfolio manager
with a decade of experience in
the financial industry. He worked
for Goldman Sachs in New York,
before becoming Partner and Chief
Investment Officer of Phase Capital, an asset management firm, in
Boston, where he developed and
managed a systematic macro strategy for institutional clients. Geoff
additionally has an M.B.A. degree
from the University of Oxford, is
a CFA charter holder, a committee
member of the British Standards
Institution, and Convenor of the
ISO working group on Foundations of Blockchain and Distributed Ledger Technologies. His recent
work focuses on digital payment
systems, identity, marketplaces,
and regulation.
This interview with Geoffrey
Goodell took place in London, U.K.
on January 15, 2020. The interview was transcribed by Kristina
Milanovic and adapted again in
London, on September 3, 2020,
by Geoffrey Goodell and Kristina

G

Digital Object Identifier 10.1109/MTS.2020.3036995
Date of current version: 2 December 2020

14

For Richer,
for Poorer -
The Digital Economy
An Interview with Geoffrey Goodell

ed by the Internet, mobile technology, or the " Internet of Things " [1].
There has been an increased preponderance of discussion of the digital economy in recent years, and
especially in the past few months
wherein an increased number of
individuals have been required to
work from home.

What Do You Think Are the
Main Drivers of the Digital
Economy as a Whole?
GG: What are the actual drivers?
Technological determinism is a
myth; there are always underlying
economic motivations for emergence
of new technologies. The idea that
technology leads development is not
necessarily true, for example, consider AI. It has been a topic of interest to researchers for decades, but
only recently has the funding caught
up, matching the motivation and
enabling the development of AI-oriented technologies to really take off.

Geoffrey Goodell
Milanovic in preparation for it to
appear in print.
The term " digital economy " refers
to economic activity resulting from
the emergence and use of digital
computing technologies. Broadly
speaking, this can be any economic
activity taking place between people
(and organizations) that is facilitatIEEE TECHNOLOGY AND SOCIETY MAGAZINE

∕

DECEMBER 2020



IEEE Technology and Society Magazine - December 2020

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