Nicolas Véron

Governance, the Architecture & Standards for the Digital Economy: Striving for international connectivity and trust in a fragmented world.

How can governments act locally but support global interconnectivity and the development of the digital economy? What standards, conventions, or infrastructures do we need to adapt or create to enhance access and empower citizens and companies to participate on equal footing in the global digital economy while addressing risks and protecting sovereignty?

European policymakers are actively seeking to reduce reliance on overseas technology giants while fostering homegrown tech innovation, with initiatives such as the EU Chips Act, the EU AI Act, Gaia-X and the EuroStack. Does Europe’s push for digital independence enable a more competitive technology ecosystem or does it risk creating new regulatory and technological barriers that stifle cross-border technology collaboration? What are these trade-offs, and what are the opportunities for digital decoupling to enable other policy goals, such as nurturing local innovation ecosystems and build sovereign, trustworthy payment systems? This roundtable will explore the trade-offs and opportunities offered by the digital sovereignty movement, and spotlight the case of digital payments as an example where these questions are playing out.

This roundtable gathers researchers, technologists, policymakers, as well as AI and digital payments experts, to identify the steps Europe can take to invest in the capabilities, skills, and partnerships needed to drive digital sovereignty efforts; explore how European privacy standards are influencing the development of sovereign digital payments infrastructure in Europe; learn from alternative models emerging from the Global South; and map out a European path towards technological autonomy.

This roundtable seeks to:

• Identify the steps Europe can take to mobilise and invest in the capabilities, skills, and partnerships needed to drive digital sovereignty efforts
• Explore the trade-offs of Europe’s digital decoupling strategy and its impact on technology research, enterprise adoption, and cross-border innovation, and identify opportunities for digital decoupling to achieve these policy goals
• Learn from open-source alternatives emerging from Europe and the Global South that offer pathways of technological autonomy
• Map out a third way to achieving a European Innovation paradigm built on European privacy standards as an alternative model to the Big-Tech-driven US approach and China’s state-led ecosystem