Challenges

 

Challenge 1

Bridge ICT & Social Sciences:

Creating and reinforcing synergies between ICT and the Social Sciences: this is the first challenge of the FuturICT 2.0 project. In an era of grand social challenges, the integration of these two areas has become a necessity for facilitating a fruitful co-evolution of Information and Communication Technology systems and Society.

Within FuturICT 2.0, data from the “ICT world” will be leveraged to develop models of techno-socio-economic systems. In turn, insights and results from these models will inform the development of a new generation of socially adaptive, self-organised ICT systems.

The challenge of bridging ICT and Social Sciences will be assessed through a number of joint initiatives from researchers in the two fields, including open research calls, publications and visiting positions.

 


 

Challenge 2

Simulations & Experiments:

To provide an operational, effective example of how the mixed ICT/Social Simulation approach could radically transform research on society, FuturICT 2.0 will launch a new, ICT-based way of doing research in the social sciences. We will integrate (online) experiments and computer simulations, working together towards a more resilient and adaptive society.

The ultimate goal is to identify new technologies and provide the basis for large-scale simulations in different domains of the social sciences, aimed at advancing the current understanding of the behavior of large communities of people, especially of groups of people having different cultures, values, norms coming in contact with each other.

 


 

Challenge 3

Finance 4.0:

FuturICT 2.0 will pursue disruptive innovation by addressing the main social problems at their root: lack of sustainability. To this aim, we propose a model called Finance 4.0: a circular and sharing economy that would allow a high quality of life for more people with less resources.

The finance 4.0 system is liberal, democratic, pluralistic, participatory, social and ecological. It makes use of the immaterial nature of information, boosts combinatorial innovation and creates opportunities for all, by fostering an open and participatory ecosystem.

To demonstrate the basic functionality of the Finance 4.0, we will develop the Finance 4.0 Pilot Demonstrator. It will explore the potentialities of this innovative economic model, from pricing and trading to multi-currencies, from taxation options to new opportunities for central banks’ financial system.

 

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