View: Digital transformation has reformed the ‘traditional’ industries to smart industries

There is hardly any aspect of life that hasn’t been affected by the Covid-19 pandemic. New technologies, inventions and well-organised tools are being developed every day. Digital transformation has occurred all around us. It impacted every business, reducing economic growth immensely.

The way countries handle foreign policy will change irreversibly in the future due to digital transformation. There would be one policy for the physical world and another for the digital one involving matters like data-sharing, digital currency and the virtual world. Imagine one country can export rice to another, but not any personal identifiable data.