Global Challenges of Digital Transformation of Markets: Collaboration and Digital Assets

Vladimir Yadykin, Sergey Barykin, Vladimir Badenko, Nikolai Bolshakov, Elena de la Poza and Alexander Fedotov
Additional contact information
Vladimir Yadykin: National Technological Initiative Center, Peter the Great St. Petersburg Polytechnic University, 195251 St. Petersburg, Russia
Sergey Barykin: National Technological Initiative Center, Peter the Great St. Petersburg Polytechnic University, 195251 St. Petersburg, Russia
Vladimir Badenko: National Technological Initiative Center, Peter the Great St. Petersburg Polytechnic University, 195251 St. Petersburg, Russia
Nikolai Bolshakov: National Technological Initiative Center, Peter the Great St. Petersburg Polytechnic University, 195251 St. Petersburg, Russia
Elena de la Poza: Center for Economic Engineering (INECO), Universitat Politècnica de València, Camino de Vera s/n, 46022 Valencia, Spain
Alexander Fedotov: National Technological Initiative Center, Peter the Great St. Petersburg Polytechnic University, 195251 St. Petersburg, Russia

Sustainability, 2021, vol. 13, issue 19, 1-16

Abstract: Cyber-physical system (CPS) and digital twin (DT) technologies are the key enablers of smart manufacturing. The main idea of CPS is to build bi-directional interaction channels between the physical and cyber worlds. The research gap is ontological consideration of the concept of the digital object (DO) as a representation of a physical object (PO) in the digital space/world. The objective of this study is an ontological analysis of the digital object (DO). This object is fairly well-understood from a technical point of view; although there are many options for its definition, its basic composition and functionality are defined clearly, but currently in the economic science DO has not yet been enough considered. The DO, which first appeared as a digital twin has not been properly explored by economic science. Authors attempt to determine whether all the properties and characteristics of the DO are described by modern economic language or whether there is a need to introduce new concepts and categories to describe such objects. The ontological analysis of the DO within the existing conceptual framework of economic science is presented. The result of the research is comprehensive study of DO which allows the consideration of the additional benefits that economic actors can gain from using the DO. We propose to analyze the DO in terms of such economic categories as goods; innovation process; the system of division of labor; the role of market participants in the creation and use of the DO; intellectual property; etc.

Keywords: digital economy; digital assets; digital object; digital twin; economic categories (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/19/10619/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/19/10619/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:19:p:10619-:d:642432

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().