Wallace Wood http://diginomicscentral.com

The idea of diginomics came as Wallace R. Wood, a futuristic journalist and author in Houston, considered a request from the publisher of his first book, Cashless Society: A World Without Money (1974). Wallace was to write a sequel to his first book 25 years after the fact about a remarkably different, and nearly cashless society. He now runs operations at Diginomics Central where he publishes writings and media content about the rise of digitized society.

The smartphone is making physical money and credit cards obsolete.

Cultures everywhere are being redesigned along digital guidelines, creating what we would call diginomic lifestyles. As the world reshapes and redesigns itself, it is rapidly and optimally adopting the technologies required to maximize convenience.

Former Executive Editor of Harvard Business Review and current business book reviewer for CNN, noted that “money now is different … It is no longer a thing … it is a system. Money is a network. Few people realize that money, in the traditional sense, has met its demise."

Something BIG is happening in the area of world economics. It is the search for a system which will drastically alter our standard and way of living – one which will put an end to our use of cash, checks and personal credit.